All Forum Posts by: Martin Zawarski

owner financing of some type from down money to full loan on property deals are out there. Find them! Once you find one, you will have a ah ha moment and many more will follow.

I am listening to podcast 13 with Leon Yang and he made a comment that I would like expanded on. It is something I never gave much thought to but it does need thought. Over the last five years ago our government has been pumping in billions of dollars into the economy. Inflation has been held in check here although the value of our dollar has decreased in the world markets. But we had QE1, QE2, 3,4,5,and maybe even 6.

The question is what is the effect of inflation on debt that you own on your properties? They never spandex on that in the podcast after the statement was made. I need further enlightenment.

I don't like being negative but this one really has me scratching my head with the facts as stated. You were basically given two properties one free and clear and one with a small mortgage. You are living in the one without a mortgage and YOU HAVE DEBT ISSUES. You think by selling them and then finding another property you will be better off. you are the executor and you are having issues with your sister because you are paying a mortgage on the property she lives in

Matthew 25:14-30 you were given a gift - do not squander it . There is so much you can do with these properties and you seem to be running from the situation. Others here are sugarcoating their answer, I won't .

a good percentage of what you need to know is here or by asking you get answers you need. There is nothing like real world experience to go with it. Every deal I have done is so different and takes on a life of its own.

The tickler seminars I would go to , I have learned some good things from these. But I will not drop the big bucks for these.

I have downloaded all the podcasts and listen to them over and over again. Why --- because maybe something that was said didn't apply to what I was dealing with but now it does. So listen to these often. It is for free it puts your mind in the right place, thinking about deals and how to structure them, Where to focus. The podcasts are great

it is a start. What you have to know as a buyer of a short sale is the number you will go up to. What is the maximum you will pay for this home.. The bank will come back with a number as to whet they want. Then you have three options. 1 walk. 2 counter. 3 accept their price. Remember short sales could take up to a year to work through the system although some go quickly.

I would let the realtor that you can increase your offer once you know what the bank wants. The realtor will not want to deal with a lowball offer if you will not move from that position. I know as a salesperson I would not want to deal with a buyer unwilling to move in price.

I would think you could do granite also much cheaper.

I question your holding cost. Insurance can range from 50-100 a month, Property taxes, electric, water and sewer and gas. I think your number is light. In this holding cost number the financing should also be included as well . You are budgeting $360 a month. Break your number down for me.

Also what is the square footage. The amount of paint used is determined by sf.

Alex, I have been a home builder most my life, (58) and for the last year I focused on buying and hold. I have acquired 8 homes (120,000each) this year and I spend on average 25,000 fixing them up. In each case I learned something new to always watch out for. And each home is different from the other. Each had its own issues and challenges. I am sure the next eight will give me the same types of challenges. Example-- I bought two homes that did not have a stitch of insulation in the walls. And one had plumbing pipes that ran in an exterior wall. I can't believe this.

You will always be learning. That is for sure.

I have had it happen time and time again with buyers. I think maybe 25% of sales work out as originally written agreement. New home construction is full of surprises.

Think outside the box!!!!

There is the busiest developers/investor that I have worked with that every deal must have a twist of some sort. It is very interesting to watch him work his deals.

Heck if you don't agree with it the buyer has two choices 1) agree to original agreement or 2) walk.

Sometimes Real estate comes down to "he/she who cares least wins"! In consummating the deal.

I like that. Makes sense. There are always kick out clauses. As a salesperson for a couple years, the sale was always renegotiated for one reason or another. Or the customer would walk . Based on inspections or whatever. This is just the way things are.

what is the value of each property.