All Forum Posts by: Nate Sanow

Yes! Definitely allowed. 

In my state the contract reads that you can use a contractor for part of your inspections. My PERSONAL OPINION is that is better than a home inspection. (But I’m not supposed to talk people out of inspections). 

You might need to offer something of value if you do more than 2-3 walk throughs before he gets a job…. I don’t think you need to pay but you could try to refer him business. Also. Make sure you find someone referred to you within your network to avoid headaches and deceit- ask me how I know 🤦🏻‍♂️

Yes you can. Keep it private, don’t share it anywhere but yeah. A question is fine. Be careful on your statements. 

Quote from @John Franczyk:

This is a postscript to my original post.  After touring the property again, I made an all-cash offer of $82,300 or, in the alternative, an offer with $50,000 up front and owner financing for $61,400 (total - $111,400). The seller rejected both options without a counter-offer. 

I later heard he accepted an offer of $160,00 from someone else who, in my opinion, is overpaying. 

This is an example of a situation where getting no deal is better than taking a bad deal.

 Good for you knowing when to walk away 

Some are real… needle in a haystack though 

Quote from @Nathan Gesner:

Quote from @Champ Leong:

What is the best type of property to rent to a family with young kids when you know the kids are normal, destructive kids? What type of property will hold up best long term? 

In my experience, most damage caused by kids involves stains on the carpet or wall damage from drawing/painting/posters. I can't remember the last time a kid caused more damage than the deposit would cover. Same goes with pets. Bad adults are the real culprits.

 “Bad adults are the real culprits” I love this. 

If you can afford to not have cash flow, okay fine. Just track the previous rate of appreciation and go somewhere timeless … and near Starbucks, Wholefoods, etc if you want something that won’t get worse with time.

Have you been looking off market or learning how to contact owners directly? Oftentimes it’s misunderstood you don’t need to be a wholesaler to go directly to sellers… being a REAL buyer and calling property owners of the small duplexes in your area will be a game changer. 

Quote from @Tanner Connelly:

After working both markets, I personally believe you will see something in the midwest like KC,  or even Tulsa.  I would think the south would have something in the next 20 years. 

Thanks for the Tulsa shout out! 

I agree. Normally second place doesn’t mean much… but being 2nd place to Austin for the relocation of Elon Musk / Tesla was big news and eye opening for me a year ago. Huge bummer we weren’t selected but we did land a different, smaller electric vehicle manufacturer later in the year (Canoo) and well… that’s Tulsa. Lots
of different industries combined with a really good music and art scene does make us Austin-ish. 

Yup I agree REI is the ideal hedge. Other investments might be too - I just can't ever get someone else to pay for those like I can with RE!

It's fun to claim a crash is coming. It also can be wishful thinking. I don't love some of these stats… as a full timer in this industry the closed volume reduction… sucks! It is different right now. But does this equal a crash? It's closer to 2018 than 2008 for my market. We are actually ahead of the National days on market, at 16, per data pulled by ShowingTime for my MLS. What about yours? Are your local stats on pace with this?

Credit: Keller Williams & NAR.

16 days on market locally 
Credit: ShowingTime & GTAR MLS