All Forum Posts by: Matthew Koch

@Jordan Norr okay that's pretty cool I'll be able to go over there tonight and check out the house and it is for sale right now on the MLS such as through homesearch.com and maybe you might know this question cuz I'm still quite new and learning all this stuff through BiggerPockets in there podcasts but if something is already on the MLS that does not mean it is under contract or it's just set up through a real estate agent I'm curious whether or not that could be changed in regards to convincing the seller or the homeowner that they don't need to go through an agent and they can go through someone like me so I could maybe step in and get that house under contract is that even legal or is that a good strategy or is that just something on her. I don't know so I figured I would ask

@Jordan Norr yes indeed that sounds great I'm actually going to be going over to the house today after work as I get off at 6 the house is pretty much around the corner from where I work here at Western Waste Systems in Jerome and I'll be meeting with the folks of the home has it still currently occupied about 6:15 tonight. So as I would appreciate that offer for getting some coffee or whatever I was going to try to do my homework off and on throughout my work day and see what I can find and come up with or maybe just get a baseline for what a roof would cost pending on materials the size of the house the square footage that kind of thing and then of course what it would actually need to have done to it if it is a complete roof fix or just patches here and there

Looking in the Jerome market at a 5 bedroom 1 bath house and needing to get to a better understanding of a after repair value as the house needs some work but not sure what it costs for a roof to put on replaced new or even foundation work along with siding.... Any help for recommendation for Jerome Idaho area is much appreciated. Thanks. 

Just simply trying to confirm that the numbers that I had put into this property for a rental is accurate because to me it looked awesome but I wanted to know if there was some expense that I was missing the somebody else might be able to point out and then I would have to adjust the numbers. The information can be found at the marketplace in Twin Falls Idaho for the property at 1140 Blake Street North.

I look forward to hearing from you and thank you for your time BP members

So I'll go ahead and apologize ahead of time because I often have run on sentences and typos everywhere because I use a voice to text feature so I can even use my phone while I'm driving a front-end loader. A simple question is and I haven't done much research on it yet or looked into it for my homework but is there a portal or some sort of media program or website that is kind of like the concept of the MLS for houses in real estate but a place where a person can go and say hey I have this deal this is what it looks like these are the numbers this is what I'd like to pay for it and then have the hard money or the private money lenders kind of compete for my business?

I would think if it is not required it would still give you piece of mind knowing that the price that you were aiming for can be confirmed and the refi might give you more. I will do it in my own deals just to know where I can go with my next course of actions based in how much is availble cash back. Good luck to you and hope that it works out in the end.

Well I can definitely say that you have some skills and qualities that I'm trying to learn about but of course I don't have the time yet Implement some of the stuff so just learning how to build from the ground up.b the only one thing that I do have to offer anybody is that I do have a certain amount of time that I could use to be on the phone pretty much all day long from 6 a.m. to 5 p.m. now those are my working hours and I work Monday through Friday however I have my Bluetooth headset on literally have all day long with me and can negotiate a deal or talkto someone about their house and go the distance for due diligence least from digital perspective and can do comps where I can do them. 

Welcome to bp and look for you around the site.

Well hello @Tyler Mcgee!

I'm a up and coming realestate investor as Well from twin falls area and alight, ya you got me I've started this journey around March this year 2019 then quickly faded away for my wife shot me down for doing anything realestate related as it took to Much time away from her! Anyways, I wanted to Reach out to you and possibly network to see where you're at now since this thread is a little over 4 years old! 

Hope to hear from ya!

Matt Koch

Well thank you sir.

I guess what I was trying to get at is knowing what the person is going to do with the property after I'm able to sell it to them to me I imagine it would be the difference between a wholesale deal and selling the house over the original $20,000 that I had suggested in the scenario meaning of to 70% value rule and technically the house we need to be sold somewhere between 150k to 200k.

However if it's just a cash sale and it's bought at 20k fixed up with 40k and resold for 120k then that's a 50 percent profit then minus expenses and holding costs as well as insurance and closing fees and such.... I'm not sure how else to describe it except for asking how do you know who to sell the property to and if they're the "right" purchaser for giving you the most money for that property as the wholsaler will low ball you and retail buyers will pay the marked up price but rehab people will nogatiate a fair price.... I think.... Ill reag more onto the ubg and maybe ill figure out that answer...

Well I definitely have a question for everyone who's out there because I listen to almost 95 episodes of the BiggerPockets real estate show and I'm absolutely loving it. However what's going through my mind is this in the cycle of buying and selling and real estate and wondering where the end actually is. Now all of these numbers and all these people I'm going to point out and put in this Narrows completely fake and fictional but I just need to have something structure for an example so I can ask this question appropriately. The question simply is I start out with property a and I am an investor and I'm done upset this job such as a wholesale deal so I talked with property a and I'm going to set up a contract that states I am going to be the buyer and or my partner and this property is going to go for $20,000 and then I'm going to go out there and find a third party which that is part of this question who is that third-party? How will I know or I will I be able to identify what their intentions are of the property meaning if I knew that with their in-game was then I would be able to set a path and getting my connections made and my lists of the two or three fires that I could talk to you and figure out if they are a wholesale type of investor or there a they're a buying and  hold type of investor or they are going to get somebody in there for a rental property. Basically if I set up this contract for $20,000 and I wholesale the deal too that third-party How will I know for sure that third-party is who I want to sell it to when I could actually just sell it to a buy-and-hold investor instead or a Fix and Flip investor and let's say that Fix and Flip investor takes the house they buy it from me for 20k and then they do their own thing with it and they fix it and flip it turn around and sell it for $60,000 whatever and the question Still Remains where does it stop where does that price point cap out where is the ceiling for the value of that house to remain at a certain number or will it continue to go up because it seems to me like the whole real estate investing game will be swapping out one houses value at one point in time at a low price and then it'll just continue to go up depending on who is the next person that's going to buy it. So let's say that same scenario and property does sell higher than 60000 and the end person who does move in there would be a regular Joe and they're going to live in there with their family on a mortgage and a note, can someone then come in after 1 year of those people living there c sell that property again for 60000 70000 80000 whatever the amount is  and then the cycle starts back over again depending on who that buyer is if they're going to wholesale it for a higher amount or if they're going to live in it themselves as a primary residence I mean I'm just looking at this whole perspective for or real estate as a huge cycle like where is the beginning and where is the end for that price point on the house and is that all just based on running the numbers within that particular Market in that area to know the value of the home and then go from there?