All Forum Posts by: Eric Roseman

Looking at recent solds, If you are trying to determine ARV, How do you tell the difference between a sold house that needed work (bought by a rehabber) vs a retail homeowner..

Tx

I bought a property from a tax sale. There are homeless people living inside it. Who do I call to get them removed. The police or what?

Is there a specific time frame to execute a short sale?

Can you short a house that has already been foreclosed on but not completely through the redemptive period?

Tx

lol, again thank you for the replies. I am getting a clearer picture.

I guess the next logical question would be, once determining a good absorption rate and pinpointing new home buyer price point, what filter is most important in your search for profitable properties? Is it a percentage discount of arv? Are you looking for REO? Foreclosed?

Then once you have a printout of properties that meet your criteria, do you look at each property individually to determine your mao and start faxing out offers?

Very insightful. Thank you Peter.

I guess if I could continue with this then, what would be the next thing you would look for in a market you identified that has a high absorption rate?

How do you identify what types of properties to look at in this area? Do you look for the average arv for whatever type home is selling in that market? What is your formula for determining an accurate arv?

After you determine what the average home is selling coming off the market for, how do you refine your search to find the homes you think you can buy fix and sell for profit?

If you move to a new area, what data are do you gather to determine which market around you is hot? Where do you start?
Lets say for wholesale flipping..

Thx!