All Forum Posts by: Byron Scott

Congrats on getting it under contract and good luck with the process. Look forward to following your success.

Hey BP,

I'm trying to complete my first "subject to" deal. Can anybody help me understand if I have to use an attorney inside of the county or town that the property is in? Both me and the owner lives in a different area than the property. And do I call attorneys and ask do they do "subject to"? or do they use different terminology? Thanks!

Hey BiggerPockets! During this time I know its hard to surround yourself with other investors and attend meetings. This is a meet up will take place through ZOOM. The meeting is intended for real estate investors in the Douglas, Carroll, Paulding, Haralson, Cobb and surround area, however, others are welcome. This meet up is not associated with any organization. There will be no sales pitch or speaker. This will be a time for investors in the area to come together, hang out, and network. This will be a relaxed environment full of people ready to learn from each other and grow together. If you have any questions about the event please feel free to ask! Reply to this post of you plan on attending.

Date: Thursday June 11, 2020

Time: 7:00pm

Location: Zoom

Link: https://us02web.zoom.us/j/8523...

Meeting ID: 852 3614 6147

You are invited to a Zoom meeting.
When: June 11, 2020 07:00 PM Eastern Time (US and Canada).

After registering, you will receive a confirmation email containing information about joining the meeting.

This meeting is open to all and I hope to see you there!

@Cody Chavez

@Robert Collins 

@Dominique Palmer Thanks. The income isn't different either. I have a triplex that brings in 2000 and his quadplex brings in 2400. We are in the same area. I bought the triplex for 126 and put 15k into it to make it up to date. I just don't see how it could appraise for 288k. I think I am going to ask him would he be willing to sell for less if the property doesn't appraise for the amount he thinks it will.

If the property appraisal will be based on comps it will come in around 220-250k. The property is rented below market value so it has the same income. The seller was saying the appraiser will consider potential rental income. I wanted to tell him that isn't true but he's been investing for about 20 years but I'm almost sure this is his only multifamily. 

Hey @Jasmine Joseph @John W. @Justyn Daley @Account Closed here is the invite to our zoom meet up. I look forward to seeing you all there!

Hey BiggerPockets! During this time I know its hard to surround yourself with other investors and attend meetings. This is a meet up will take place through ZOOM. The meeting is intended for real estate investors in the Douglas, Carroll, Paulding, Haralson, Cobb and surround area, however, others are welcome. This meet up is not associated with any organization. There will be no sales pitch or speaker. This will be a time for investors in the area to come together, hang out, and network. This will be a relaxed environment full of people ready to learn from each other and grow together. If you have any questions about the event please feel free to ask! Reply to this post of you plan on attending.

Date: Thursday May 28, 2020

Time: 7:00pm

Location: Zoom

You are invited to a Zoom meeting.
When: May 28, 2020 07:00 PM Eastern Time (US and Canada)

Meeting ID: 721 0507 7619

No Password

Register in advance for this meeting:
https://us04web.zoom.us/meetin...

After registering, you will receive a confirmation email containing information about joining the meeting.

This meeting is open to all and I hope to see you there!

Hey BiggerPockets! During this time I know its hard to surround yourself with other investors and attend meetings. This is a meet up will take place through ZOOM. The meeting is intended for real estate investors in the Douglas, Carroll, Paulding, Haralson, Cobb and surround area, however, others are welcome. This meet up is not associated with any organization. There will be no sales pitch or speaker. This will be a time for investors in the area to come together, hang out, and network. This will be a relaxed environment full of people ready to learn from each other and grow together. If you have any questions about the event please feel free to ask! Reply to this post of you plan on attending.

Date: Thursday May 28, 2020

Time: 7:00pm

Location: Zoom

You are invited to a Zoom meeting.
When: May 28, 2020 07:00 PM Eastern Time (US and Canada)

Register in advance for this meeting:
https://us04web.zoom.us/meetin...

After registering, you will receive a confirmation email containing information about joining the meeting.

This meeting is open to all and I hope to see you there!

@Robert Collins @Cody Chavez

Byron Scott

Hey BP Fam!

I am in négociations over a quadplex. The comps for the quadplex is around 220k-250k. The owner is saying that the property will be valued off the income and potential income it will bring in. So he's saying he wants to sale at 288k. I'm thinking that when the property is appraised it will come back around 220k-250k. Should I let him know that I don't think it will appraise for 288k? or should I let him know I will buy at the appraised price. The numbers still work at 288k. Rents are 3200. Newer property. So will it appraise around where other quadplexes in the area sold for 220k-250k? or will income become a factor?

Thanks @steve 

@Steve K. and @Jeff Copeland! I will definitely take all the advice and go in prepared as possible.