All Forum Posts by: James McGovern

Agents should evolve and understand that commissions are shrinking and there automate as much as they can. Sellers are growing increasingly tired of high agent fees

I purchase tanks of refrigerants off eBay and am stocked up on 410a

Instead of dropping price, could yo sweeten the deal with owner financing ?

What analysis have you done? Is there something about the neighborhood, the smell, etc that you haven't accounted for?

@Ken M. Not about affordability but rather value. If I can meet the same people at no cost then why piss away money

Many landlords in my area go to court but otherwise leave money on the table by not asking the court for use and occupancy fees. In many states even if there is no lease in place, an occupant still has to pay for occupancy based on current market rate. This also applies to squatters

Sage wisdom from gurus always suggests having an LLC, but no one ever tells the negatives of using an llc

1. we often acquire properties via foreclosure auctions which come occupied.. when we go to court for eviction, you can indicate that you "intend" on living there and the court will tend to be less generous to letting the occupants stay longer. I I also removes the requirement to hire a lawyer if you have an LLC

2. many suppliers give discounts when an individual moves to a new home. I frequently receive 20% off coupons from the big box retailers 

3. when it comes time to sell, many buyers real estate agents will do homework on the current owner before making an offer. Some will see when it is owned by an LLC will indicate to their buyers that this might be a low grade flip and put the fear of risk into them. This is avoided when it is in your individual name

Deals at a much lower acquisition price 

Really depends on what your screening criteria are you want

Apartments.com