All Forum Posts by: John Rooster

Yes, like most newspaper articles about real estate, it omits or gets wrong some important facts, and the reader is left to guess what really happened. My guess is that this house was sold at auction for $48,358, an odd number so it probably went back to the Bank. I am further guessing that there is a post sale redemption period, and this investor bought it during the redemption period for $5000, subject to the $48,358 and any other existing debt. Heck, that $48,358 might have been a 2nd DOT for all I know.

They charge labor by the sheet. Prices will vary greatly depending upon supply and demand. This time of year is a good time to hire a sheet rock crew. I like to pay for the materials directly to the supplier.

There would be a sizable fee associated with a super bowl ad, if I were an agent I would agree to provide such a listing to my client if he/she paid said fee. Is there a sizable fee associated with checking the box to syndicate the listing?

Thank You. Something with the fonts makes it read odd, I edited to make it more readable

This isn't stonewalling this is just delegating the authority for deciding to syndicate the listing to the Broker/Agent. Which is the way it is in Denver, and probably most markets, currently. Which brings me back to the point I made earlier.... The agent deciding not syndicate the listing would be, in almost all situations, a dis-service to the home owner. To not syndicate the listing would be a violation of the Agent's duty. No?

If there is a metro area that Zillow and Trulia can not service because they are being stonewalled by the local MLS please name it. I would like to research this more.

My overall long term view point has not changed. From my view point, the only two serious players in the market are Trulia and Zillow. I think they are both fairly valued relative to each other, and would buy similar amounts of each. I would bet that one will buy out the other in the next couple years. I think the entire internet stock sector is set for a pullback, and will wait for said pullback before buying.

I understand that an agent can technically not check the box that forwards the listing to Zillow/Trulia/et al, BUT that seems to me to be a violation of the agent's duty to their client. In almost all situations, the client is best served by having the listing forwarded to other data bases, imo any agent that does not check that box (without the express consent of the client) is violating their Realtor duty to their client.

I would be interested to know your perception of wholesaling after you have actually done a couple of wholesale deals.

It is now brutal at foreclosure sales in the Denver area. Twice as many bidders bidding on one forth as many properties. Simple math. Many of the bidders are in the same boat as me, running out of work for my crew, willing to take a smaller profit to keep them working, but still getting outbid. REOs on the MLS have been selling at full retail for a year now.

I would think it is not as bad in FL since they still have a good back log of foreclosures (so I read on the interweb). I would not be surprised if some investors have moved from the Denvers et al to FL, and that is contributing to your increase in competition.

You can't make anyone do anything. All you can do is collect as much information as possible about them now so that if they leave, you can locate them to serve them. Then you can get a judgment against them. Having a judgment against three college grads is a pretty good judgment in the spectrum of ex tenant judgments. It might take 2, 4 or 10 years, but some day you will locate one of them on Linkedin or MyFace, boom goes the garnishment.