All Forum Posts by: Aaron Junck

LOL your right on the money @Phillip Dwyer I don't want a J O B . I need to figure out the most beneficial way to get accurate comps promptly :)

Thanks @Daren H.

My plan has been to get my license to do the exact same as which you posted. The freedom and not being at someone else's mercy.

haha good question. Checked out your link and I would have to assume it is some sort of typo. That kitchen alone is worth the 2,350 lol.

Check into it, cant hurt ;)

Thanks @Mary B. I will :)

I have been in the talks with a gentleman on purchasing a lot that has a mobile home on it. I don't want to be a landlord of a mobile home!

Here is my thoughts. He wanted originally 30k for the lot and the mobile home. It is surrounded by stick built homes(not in a park). I have him down to 25k for the both and I would put down $1500, in which $1000 would be for the mobile home and he would give me a clear title to. The remaining $500 would be a down payment for the land itself. The remaining terms are 23,500 at 0% and payments of $250 a month until paid off. My plan is to put $2000 into the mobile home "freshing it up" and then CFD it(only the mobile home) out for 6-7k on terms with 1k down and 18% interest for 3 years. Payment would be around $215 a month plus I would charge lot rent of $235(going rate). Taxes on the lot are just over $500 a year.

Hypothetically, in just 6 years if I apply all revenue to this remaining loan I would then cashflow $200 a month roughly in revenue by owning this small lot free and clear.

Any wise words of wisdom out there on what you would do if this offer presented itself to you?

Thanks for your input @Bill Gulley

Not sure if I am just too impatient when I want to figure out comps or not. Maybe I need to search for a new realtor fresh in the game that is looking to put food on the table. hmmm

I have been contemplating going to get my Realtor's license for a while now. After my waiting a few days, for my realtor to get me comps back, for a property that I was looking to purchase and then finding out the day I received the comps and submitted my offer was coincidentally the same day it was listed on the market.... needless to say I was out bid by 4k.

This leads me to my question. Many many pros out here on BP recommend getting your license. Let me make it clear I don't want to be a realtor. I want to be a real estate investor. :) I was told that appraisers have access to MLS.

So are there any appraisers out here on BP that feel it is beneficial being an appraiser vs a realtor? What type of investment does one need for an appraiser vs realtor and what liabilities or other concerns should a person consider evaluating these ?

I understand that being a realtor you can make some decent coin for being a part of your own transactions but does being an appraiser lead a person to some other deals that might not be seen by realtors?

Thanks for all your input.

Great job BP and J Scott.

I received my 2 books in the mail little over a week ago and found it full of priceless information and very easy to read and follow. A must read for all of those investors starting out and a good refresher for those pros out there that want to maybe pick up another pros view.

Welcome to BP @Mike Moody !!

IMO if your only going to be stationed there for a year and a half I would say maybe try to do a little wholesaling or even some flipping.

I have always wanted to have property in Hawaii however, I too dont think I could be a long distance investor at this time in my life. Maybe in 10-15 years when I feel more financially set and can just jump on a plane and go somewhere. One huge attraction that I found from looking at Hawaii real estate is the average appreciation YOY is quite nice. On the other end, from what I hear it is harder to cashflow on areas like this.

On a side note if you do decide to actually buy and hold a property there and you do move away, from what I understand you can deduct expenses to go check out your properties that are long distance twice a year. That wouldnt be a bad thing to own atleast 1 property in Hawaii and you can go back to visit and have the bulk of your visit reduce your tax bill. Maybe @steven Hamilton II can correct me if I am wrong.

Aloha!