All Forum Posts by: Andy Chu

@Ron Drake , Zillow no longer auto feeds from our MLS we have to manually upload them again. I placed it on Zillow so you can get an idea of what upgrades were made. We can have a PM chat about the pros and cons of rehabs. We can also take the listing where our commissions are in line with your bottom line . 

http://www.zillow.com/homes/9917-shadow-grove_rb/

@Ron Drake I didn't know you were looking to see who can do research. I accept his challenge . You own the property on 9718 vista crest 89148. It is located in the Dakota community built by Pardee Homes. It is 2443 with a 3 car garage. 

Now here comes the analysis of your home.  You reviewed the zillow number and guesstimated that the house is worth 280. The reason a realtor is needed is that either myself or any of the other realtors will tell you that 9917 shadow grove which is a model match is listed for 299,900.  What other realtors don't know is that we are doing the flip on the property and have it under contract but not sold yet for 304,000 with 5,000 in closing costs.

If I were to put a value on your home I would put it between 280-300 depending on upgrades. This quick review would have made you 20k with a quick look up. 

With so many cheap vendors, definitely, I would consider changing out to a entry level granite. 

I will tailor the information specifically do your property.  There are 1998 homes on the market (Single Family, Condo, TWH) in the SW area, of which 460 have sold in the last month. This puts it at 4.34 months of inventory or (4.34 x 30 ) 130 days of inventory. Inventory levels have fallen from last month but sales have fallen as well. I would call it a slight seller's market, anticipate the property on the market for 60-75 days fairly priced homes. 

There are still a lot of flippers in areas, therefore buyers expect nicely done properties. 

minor as in 

Cabinetry 

Countertops 

Plumbing 

Electrical 

Painting 

Flooring 

Etc etc 

Thats awesome!!!! Congratulations on your flip. Now rinse and repeat! 

What is the scope of work that you are looking to do? 

All brokerages charge a fee to the agent but the agents usually pass the cost along. Like Non stated, it's always negotiable (even on smaller deals that are less than 500K). 

The main thing about investment is having a good team of people to help with management. Since she is going to be in Japan, who will oversea everything to ensure that the property is managed property. Since you are currently investing in Idaho, then taking on another property with the correct team is a fantastic way to go. Besides, getting a 3-4% Cap Rate barely seems worth it. Also, buying condos and watching the HOA management companies increase 20-30$ a month per year for HOA dues is not my idea of fun either.

Best of luck 

The banks do not work during the weekends. Also, keep in mind that if the offer expires, then only your offer is on the table. I would have your agent go on www.homepath.com and see how many offers there are. If there is only one, and they do not perform, then why pay above list price. Secondly, if there are other offers on the table, then finance your closing costs into your loan (You can do that in a VA loan).