All Forum Posts by: Bogdan Cirlig

I take it there are no "bears" on this thread? :)

Property Taxes? How's the area trend on rents and prices? I've seen some parts of the country already cooling off from insane price gains. Rents are up all over but not prices. Also vacancy rate? See this in "motion" not just static numbers. 

You're making a huge assumption you won't have an issue keeping the property rented. I advise you to challenge that assumption. Look at crime, schools in the area. Also check the HOA bylaws and understand the "don'ts". Things like "you must fit both cars in the garage and none parked on driveway at night" might be a huge turnoff for some renters.

Zilpy.com has been tracking and aggregating the nation's rental market data since 2008. We are publishing free comprehensive monthly data trends for 1 - 5 bedrooms with a geographic breakdown from State/metro to county, city and zipcode.

The data includes SFH and Town homes as well, in addition to the commonly seen apartment only monthly aggregates.

The reports are interactive and easily accessed on your smartphone with click-through to drill down from State into metros and cities to see the monthly rent aggregate by bedrooms and also month over month and year over year changes.

See the top metropolitan areas rent trends for March 2015 here for free:

Zilpy.com launched Mobile Deal Cashflow and ROI Analysis tools to help you analyze your investment in less than 30 seconds on the go on your smartphone. The rental data and vacancy info is already pre-filled from Zilpy Rent report. Play "what-if" scenarios and see the numbers changing in real-time.

Get your first reports free and 15% off lifetime savings with this special url:zlp.re/x2248

That is in addition to the comprehensive Rent estimates that uses not only the number of bedrooms, but also Property type, Baths and SQFT plus crime rate, school ratings and demographics to identify similar neighborhood comparable properties.

See up to the minute comparable properties as soon as they appear on the market, from all syndicated sources covering 98.5% of the US population.

Save hours of scouring on Craigslist, Zillow and other listing sites, we already do all that for you. We're crunching an average of 15 rental listings and updates each second, around the clock. That's over 1 million per day!

Find out why professional Appraisers and RE Agents use Zilpy.com to estimate the Cash-flow of an investment. Get your FREE Zilpy Rent & Neighborhood Crime Report now at Zilpy.com today!

Start with the first one, the iconic rich Dad Poor Dad and then follow the footnotes to the rest of his books. They're great to give you a perspective. don't expect any recipes of success, it's not a cookbook, it's a book to change your thinking and grow rich and free.

Congrats!

Agreed.

If you PM me your property or just cross streets address I can give you an Investment report and highlight some strategies. Free of course. I can estimate the vacancy in that block, and other aspects. Don't make a decision only based on how numbers pan out in Excel. That's on paper, reality might be brutally different.

Im very reluctant when I see sub 40-50k priced properties which signal D class asset. Questions your assumptions as follows:

- if comps price is all over the place I suspect you're seeing a lot of foreclosures? I'd be careful if that's the case. You might not sell it that easy once you have it.

- I have seen at least 2 situations in which someone was trying to "generate" high value comps in MLS so to speak by producing an inflated transaction between "friends" just to attempt to "prime the pump" in a bad area full of tax sales and foreclosures. This sounds crazy and it shocked me as well, but every day I learn something new.

If you need a very very ballpark figure, it's good. If you need to account for property type and baths and sqft then probably you need something else.