All Forum Posts by: David Daniels

Thank you Tuan, I did send you a message, im not sure if you got it.

Thank you boss

Ok thank you mark

Sometimes I over analyze things just to confirm what im doing is correct. Im still dumbfounded how she got 525k ARV in a area where house are selling between 300-350k in better condition but similar to the subject house. Why she think the house needs 140k? when I see a minimum of 20 k fix from the pictures.

Im starting to think this is prime example for beginners.  Do your homework on a property before jumping in on a deal ,the 290k -525k gap sounds too good. but realistically maybe the most you can sell that house may be 50-60k (350k-400k) above market value with a really intricate high appeal gut out job. (which I don't highly recommend as a first job for myself)

On another note im going to call her on how she got her ARV for more of learning for me and maybe try strike a deal

Hello, I came across this ARV which I think is outrageously high (which is 525k), compare to what the asking price was (which is 290k), I done my diligent on the property and ran several comp and I came with ARV of 350 max (keep in mind it could possible sell for a little more) but i think she should sell somewhere around 240k -245k (keep in mind i never factor in my repair cost in yet because haven't seen the place in person) they place look like its in pretty good condition , it just needs an up to date appeal (Ill show pictures) One sec) which i think would be about 20 k judging from the picture. Now she figured 140k est in rehab can boost the arv from 290 k to 525k...How did she get this? the only house on my comp that sold close to that 525 k was a house a couple mile away and it was double in SF. If im going to try and hit that 525k value mark, im thinking i would have to gut out the whole house, and upgrade the whole entire house, that would be about 140k in rehab. How did she come up with that outrageous number?? and can you figure out a quick comp on the property of what you think it is worth as is and then the ARV?? Here picture below

subject house

http://houston.craigslist.org/reb/4844142447.html

here a similar house in a close proximity i found using redfin that been upgraded and sold for 345k

https://www.redfin.com/TX/Houston/2407-Willowby-Dr...

ok first of all I just wanted thank all of you for your input. My favorite so far has been redfin.com, and still navigating har.com and realtor.com, and other comp resources website I still need to check out

I even found out other one but our paid memberships which I might get in the future after I get pretty savy with the redfin, har etc....the one who are wondering about the paid membership one I found is called www.realquest.com .. check it out for more comprehensive advance searches I believe

but hey I came across this ARV which I think is outrageously high (which is 525k), compare to what the asking price was (which is 290k), I done my diligent on the property and ran several comp and I came with ARV of 350 max (keep in mind it could possible sell for a little more) but i think she should sell somewhere around 240k -245k (keep in mind i never factor in my repair cost in yet because haven't seen the place in person) they place look like its in pretty good condition , it just needs an up to date appeal (Ill show pictures) One sec) which i think would be about 20 k judging from the picture. Now she figured 140k est in rehab can boost the arv from 290 k to 525k...How did she get this? the only house on my comp that sold close to that 525 k was a house a couple mile away and it was double in SF. If im going to try and hit that 525k value mark, im thinking i would have to gut out the whole house, and upgrade the whole entire house, that would be about 140k in rehab. How did she come up with that outrageous number?? and can you figure out a quick comp on the property of what you think it is worth as is and then the ARV?? Here picture below

subject house   

http://houston.craigslist.org/reb/4844142447.html

here a similar house in a close proximity i found using redfin that been upgraded and sold for 345k

https://www.redfin.com/TX/Houston/2407-Willowby-Dr...

Im looking for property that is sold in near by addresses, so I can determine market value on a particular house. So far I been using www.homes.com, then I click on home values on the top bar of the page, and enter a zip code, then I navigate the web map and scroll in on area which gives me my sold real estate and market value of houses. Is there any other sources that can I use? would greatly appreciate it. I know that real estate agents have all the sales price data, but I haven't  got that far in my real estate venture.

any other sources other then www.homes.com for comparable real estate prices?

Thank you the more diverse I can get at property search the more successful I can be I believe thank you.

David,

Houston, Texas

man I miss my Vancouver that is on my goals is to work my way back home. That's a great idea we will definitely stay in touch. Im just checking out the podcast right now so much valuable information in them

I got ya, must of got to excited and overlook it, it 2 in the morning and im steady yawning over here. For some reason I thought it was the last Thursday of this month today. Good stuff. lol

thank you Tim for the heads up im actually going to be off work today due to bad weather, im going to try and make it. I just notice the podcast in my control bar going to check it out for sure also.

Thank you!