All Forum Posts by: Account Closed

Actually they could do what Amazon and other online retailers do.  Which is use current systems as a spring board.  People often check products out in person now, knowing the entire time they will order online from another retailer.

People could simply suggest that people ask an agent for a free brokers price opinion.  Then set the price at whatever the agent says.

As people switched to the new system it would not take long for it to become more important than the old MLS.

Believe me Google could easily get the data. Very quickly they would have more data than the MLS.

By the way... for anyone that does not believe me I know where you can get 100 Taxi Medallions at a great price.  You can probably get them for 2010 prices.

l think the first thing that will happen is a company like Google (Alphabet) will decide to take over the MLS market. As someone that has used the Realtor Association controlled MLS, I can say they would do a much better job.

Most Realtors I know are only members of the Association because it is required for MLS access.

If a company like Google does MLS and makes it open access to the public there is a logical next step.

On vacant houses in particular, I can imagine a cell phone App used to control smart key boxes.  They can be used to do showings at vacant houses.

The App could very simply prepare and submit any offer.

I could imagine all kinds of add on features for the App.

But all this is crazy talk.  Nobody would let people into their house or car based on an App.

If you do not get the joke google Uber, Lyft,  and Airbnb.

If the area is starting to increase in value you should expect prices to be 5%-10% above comps.  The gentrification might have already started.  If you plan on investing heavily in the area, I would focus on getting properties on the same block.  Then you would get the most benefit from the bleed over from any improvements you make.

Also make sure you are pushing rents up not down.

If the area is truly increasing in value, homes will have to start going for at least a little over what the comps might suggest.

I would really check into the rental market and try to decide how easy it will be to maintain that level of cash flow.

Are you talking about 5% over market or 50% over market?

I live in Collin County.  I would certainly confirm what everyone has said.  Vinyl should go directly on concrete.

The best hardwood floors in DFW are on plywood with tar paper between the subfloor and the floor.  I do not know anyone that thinks Dricore is worth the money in our area.

To me it seems like it would cause a huge increase in the wicking of water into the sheetrock if there was a leak.

Where would the moisture go if you seal off the 1/4 inch gap around the edge with vinyl?

I am sorry if anyone took my post as insulting.

But it simple appears to me that the certification is false.

Does anyone here believe it was correct or do you just think it is ok for him to make false statements?

I think I have a better idea or at least more realistic one.  It is simple.  Make $10,000,000 and send your kids to great schools.

They should be able to turn it into $100,000,000.

Nearly everyone that has $100,000,000 had a little head start with family money and contacts.

It is also important to remember many (if not most) methods to make $1,000,000 do not simply scale up to $100,000,000 businesses.

I am sure glad the first line of this post was "This poster certifies that there will be no pitching of products or services at this event.".

Because every other word looks like hard sell to me.

In general, CAPS make you appear less trust worthy.  So does the phrase "trust me."

I am from Collin County. Good luck on finding a good deal in this area. They last a few hours on the MLS. They almost always close at higher than listed prices.

I would suggest going farther out than the cities you listed.

Forget HUD homes in Collin County. There are plenty of people here who will claim to be owner occupants. You will not get many good deals there as an investor.

Since you are new and not high volume you might have to pay extra for a real estate agent to help you.  Yes... I mean pay more than the standard commission split which will add costs right up front.  It is simple.  Good real estate agents with investor clients have a list of people they call when they find a deal.  If everyone is paying the same commission they will call the people that will close the fastest.  In Collin County, there are dozens of investors that can close a deal within 48 hours at basically any price point.

I would also forget the court house steps in Collin County.  Instead, you can look at houses that are listed to be sold at the court house steps and try to close a deal on them before the auction.  If you need more information about how to research the homes listed for auction in Collin County just private message me.