Just wanted to remind everyone that Friday, August 14th is the day I’m going to be closing the doors on the contest to rename my blog. All you have to do to enter is leave a comment suggesting a great sounding domain name. If I go with your entry I will give you Steve Cook’s Flipping Homes Profit Machine Intensive DVD course. There are over 20 DVDs in this set of awesome content. Go to this post, Contest: Rename My …
MLS Offer Week: Contacted Agent
Sorry for the long delay in my MLS Offer Week series. I was all set to call up the agent last week and make my offer, but I wanted to go over my comps with my investor friend Bruce. Finding the right comps is key in coming up with your starting point in coming up with an offer. The comps will give you concrete evidence of what the property is potentially worth after being fixed up, also known as After …
MLS Offer Week: The Offer is Going Out Too…
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 …
MLS Offer Week: MAO
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 …
Probate Monday: Finding Comps With MLS Access
I’m feeling pretty good about things these last few days about my probate hunt. I’ve been able to get a handful of calls this past week and one Bruce and I made an offer on for $120k but the owner got another offer for $150k so he is going to take that one obviously. I just got another call today from a guy who had hung onto my letter from my first ever mailing back in December. He got my …
How To: Get MLS Access Without Your License
Many new investors find it hard to believe that you can get MLS access without having your license. You can search the forums at flippinghomes.com or reiclub.com for the way and inevitably you will come to the answer…“Just Ask”. Of course it isn’t really that simple. Yes you have to ask for it, but it’s how you ask that will determine you success or failure. A friend of mine and fellow investor Kelly, from Kelly Flippin Cali recently wrote an …
I will succeed today….
This week is going kinda slow and my real estate activity is a bit down as well. Tomorrow I will be headed over to the Mt. Pleasant house to meet my realtor and take a look at the place. I’m going to use the check list from Wholesaling for quick cash to mark off things that need replacing and updating. Basically I will be checking The roof kitchen bathrooms any mold any water in the basement or leaks from the …
What is The After Repair Value?
[ad#Banner1] A sticking point for many new investors trying to wholesale real estate is having to figure out after repair value (ARV). With out getting a good sense for what the house is worth in good condition, we will not know what to offer in order for us to make money. This is arguably the KEY to being a successful wholesaler. So how do you figure the value of a property? The first place you should go is your local …