All Forum Posts by: Ken Yearwood

However, I'd rather not have answers to the question be limited to the things I should be taking note of at any one stage in the due diligence process. Instead, the questions was meant to ask "over time (regardless of how many times I visit the property or what stage I am at) what are things I should be taking note of?"

Is this more clear? Jon, Will and George's posts are examples of the types of feedback I am looking for.

Thanks

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Thanks for the list Jon!

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I will be visiting a fully rented 11-unit property this week with the intention of buying and holding.

Does anyone have a "checklist" of things you like to see and/or document while visiting a property? Are any of the items on the "checklist" things I need to ask the broker to arrange in advance?

Making sure I have all my bases covered. Thanks in advance for your feedback!

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Originally posted by Jon Klaus:

And the rental market picks up momentum.

Well said Jon
http://online.wsj.com/article/SB10001424052748703512404576209034062511522.html

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Originally posted by Mark Claire Updegraff:

For me it is a balancing act, if I want the property and it makes sense on paper I don't want my offer to be rejected. If the deal isn't super juicy, I may poke around with lower offers knowing I'll find another deal as attractive, if not more so.

Makes sense, thanks

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Originally posted by Steve Babiak:

I am still using 2008 version of Quickbooks ...

Great. Thanks Steve

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Originally posted by Will Barnard:

Originally posted by SolidReturns:

In the case where the seller was offering financing, yes, all cash does command a discount, because the seller carry back note would have only been worth a % of the face amount due to TMV.

In the case where the seller was expecting the buyer to come in with a 3rd party loan, the answer is yes as well, since all cash means that there will not be any sort of financing contingency in the deal.

I agree with LOC, both of these scenarios are true, however, to stamp a set amount or average of that discount that should be applied is impossible, as every situation is different.

Will,

I see your point.

As an investor, my intention is not to apply a "standard discount" to my offer prices per se, especially not without proper due diligence. But it's always nice to a sense of what others are doing "in general" and the advantages (and disadvantages) to various scenarios.

Everyone, thanks for your feedback.

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Checked out Quickbooks site but was unclear on the answer...

Is Quickbooks Pro something you have to re-purchase every year (like TurboTax), or once you have it you're all set?

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All Forum Posts by: Ken Yearwood

Ken Yearwood has started 3 posts and replied 17 times.

Post: Mold - Here today - Here tommorrow?

Post: First property visit. What to look for?

Post: First property visit. What to look for?

Post: First property visit. What to look for?

Post: First property visit. What to look for?

Post: New Home Sales plunge to RECORD low!

Post: Discount for 100% cash purchase?

Post: Accounting Software for REI Company

Post: Discount for 100% cash purchase?

Post: Accounting Software for REI Company