MLS Offer Week: The Offer is Going Out Too…

Scott CostelloAll, Blog 16 Comments

After examining all the contestants, the property that stuck out most to me was 74-76 Mills St in Morristown. Here is a link to the MLS listing for the house and the comps MLS Listing for House and Comps Here is some more information I found out about the house Additional House Information from the Tax Records Owner’s Information Owner’s Name RAMSEY, POLLY/JOSEPH JR Owner’s Street 74-76 MILLS ST Owner’s City,State MORRISTOWN, NJ Owner’s Zip Code 07960 Bank Code 00000 …

Crazy Wildwood Days

Scott CostelloAll, Blog 3 Comments

For those following along with my MLS Offer Week, I apologize for not posting in a few days.  I went on vacation last Saturday and I don’t like to broadcast that fact until I get back because you never know who is lurking out there.  I went down to the New Jersey shore on my family’s yearly vacation.  Normally my wife and I stay down there an entire 7 days, but this year it was cut short because we had …

MLS Offer Week: MAO

Scott CostelloAll, Blog 7 Comments

Today I went through the comps on each of the 13 properties and narrowed them down to the best 3 or 4.  I didn’t really have a method to my madness, I just generally looked at the style of house (colonial, cape code, ranch,etc..) and also looked at the pictures to see condition. Once I found the 3 (or 4) best comps I… Averaged out their Sale Price to get the ARV for my prospective offer house. Multiplied that value …

MLS Offer Week: Pulling Comps

Scott CostelloAll, Blog 8 Comments

Today I went through all 13 properties I pulled yesterday that met my criteria and pulled up the comps for each on the MLS. Search For Comps: To search for my comps I’m searching by town, exact Beds and Baths (I expand my search if I don’t get a good return) and I’m looking 6 months back.   I’m also looking at the Under Contract and Solds over that period of time. Search Results Since I am searching by entire town …

13 Houses Identified

Scott CostelloAll, Blog 3 Comments

This is just a quick post so you all can follow my goals for this week.  I’m currently on Finding houses off the MLS to make an offer on. My Criteria Start Home 3 beds 2 baths $275k to $350k Handyman special type home Towns: Dover, Boonton, Jefferson Twp, Mine Hill, Florham Park, Madison, Parsippany I put my criteria to the mls and it returned 24 results of which I whittled it down to 13. The 13 Houses Questions I …

Probate Monday: Some weeks just don’t go your way

Scott CostelloAll, Blog 16 Comments

Last week was one of those highly unproductive weeks, probably the least I’ve accomplished in quite some time, maybe my body just needed.   For those people who work a full time job and then come home and do all your Rei tasks after 6pm you’ve probably had similar weeks.  I was just beat!  I couldn’t concentrate and ended up taking naps when I got home from work on most nights and went to bed early as well. So here is …

6 Steps to Building a Quick Buyers List Through the MLS

Scott CostelloAll, Blog 9 Comments

At a real estate meeting last week a local real estate investor, Jon Zorrer, gave us all a great tip on how to build a buyers list through the MLS. Step #1: Get MLS Access For new Investors this part is going to be a challenge.  I had a tough myself and ended up just getting my license.  Many experienced investors tell you to get MLS access like you can pick it up at the corner grocery store.  They forget …

How’s My Blog Doing? 2nd Quarter Progress Report

Scott CostelloAll, Blog 10 Comments

Every quarter I like to review how my blog is doing because I think it is a good idea to share everything I’m doing.  Hopefully any success my blog is showing will give some motivation to other people to start up a blog.  You’ll be amazed at how many people are interested in what you have to say.  If I can build up the following that I have done in a little over a year, anyone can do it.  It’s …

Probate Monday: Offer Under Consideration

Scott CostelloAll, Blog, Probate Investing 9 Comments

How was everyone’s weekend?  Mine was pretty busy with family stuff but I managed to work in a few REI activities as well.  My father had back surgery to fix a herniated disc last week so I got a bit side tracked and did not realize I hadn’t updated my blog the entire week.   Hopefully everyone else was too busy getting deals to noticed. Last week I set three goals which are designed to get me closer to my first …

Probate Monday: Persistence

Scott CostelloAll, Blog, Probate Investing 7 Comments

As a software developer for the past 9 years I’ve learned some valuable lessons about myself and what it takes to accomplish what I’ve set out to do.  Many times over the years I’ve had to figure out complicated programming tools, languages and specifications in order to achieve the final product.  For me a program that I had to struggling to make, curse at because it just wouldn’t work and want to just delete out of pure frustration is the …

How am I doing? 2nd Quarter Progress Report

Scott CostelloAll, Blog 16 Comments

Every 3 months or so I like to go back and take a look at what I’ve accomplished.  It’s a good way to see how I have progressed in my quest at becoming a successful, full time investor.  This exercise really helps me figure out if I’ve been spending my time on tasks that will lead to my goal or if I am wasting my time.   I’m going to run a two part review, one for my real estate related …

Jon Zorrer’s Short Sales Uncensored (feat. Vena Jones-Cox)

Scott CostelloAll, Blog 3 Comments

For those that have been reading my blog since about the New Year, you’ve heard me talk about Jon Zorrer and how he has been helping me out and really keeping me on track.  Every two weeks I get to sit down with him at our Meetup group and pick his brain about anything and everything.  The great part is he expects nothing in return and we have become good friends. If anyone does not know who Jon Zorrer is,  …