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All Forum Posts by: LyNetta Hill

LyNetta Hill has started 2 posts and replied 18 times.

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3

@Sylvia B. Thank you, this most definitely helped.

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3
Jeff Gore From what I saw on the county assessor site they seem to always pay on time so my assumption is none. I think they just need to have the property reassessed.

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3
David Faulkner No the other comps are no where near 1M. Lol. I think they just put too much money into it and now they're trying to sell it.

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3

@Jeremy Paschedag I didn't think about checking other sites to see what the property value is so thanks for the tip. And I've been slowly but surely discovering the tools BP offers to make analyzing deals easier. 

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3

@Chris Dawson yea I plan to keep an eye out because I believe that's exactly what happened, they spent too much money rehabbing the place and now they aren't making any money.

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3

@Rich Zellmer Thanks your example really helped. I'm going to search for that chart for my county because I'm very curious to see if the taxes are correct. 

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3

@Jeremy Paschedag Whoops is that not the home's value, I just assumed it was. How would I go about finding that? Even though I still don't think it's worth the asking price. 

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3

@Josh Engelhart It's not worth it...the total assessed value for the past 4 years has been $87,860 so the numbers don't make sense whatsoever. 

@Account Closed I was also told the 50% rule is good as well to use to scan through deals without doing the full analysis. Thanks for this though I'll definitely use it. 

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3

@Nathan PattersonYea it's a pretty bad deal, makes me wonder why they priced it so high. Since I'm trying to house hack keeping my heart out of it is kind of hard but I'll keep trying lol.

@Josh Engelhart Nope it's really listed at $599,900, which is crazy lol

Post: Something isn't right with this 4plex

LyNetta HillPosted
  • Hazelwood, MO
  • Posts 18
  • Votes 3
David Zheng Yea this is Hazelwood so definitely not worth the asking price lol