All Forum Posts by: Nick Stango

If your condo is already priced low at $390k compared to the comps in the area, then your realtor should be telling all his buyers that your condo is a great deal and that they should jump on it before it's gone! Put some pressure on him, don't let him bully you around, your paying him. If you know it's worth $390k then it should sell. IMO I don't think you should give it away just because your realtor wants you too. How long has it been on the market, and are there any other condos similar to yours for sale that you can compare yours too? 

@Beau Walsh How aggressive is your realtor? It sounds to me like your place is a great deal and should be getting strong offers above your asking price. Are you using a full time realtor with a good track record in your area? Did she do a Brokers open house? Some realtors don't want to spend the time or money it takes to sell a house, they just want to lower the price till it sells. I had a realtor that brought me an offer on my house an hour after I told him I was taking it off the market, he kept making me lower the price till I said that's enough, I'm not selling for that price. He obviously didn't want to work for the sale, he was part time and not as aggressive as I thought he would be. I will never get a realtor without interviewing multiple realtors and who is not very aggressive or not a full time realtor, tell them you want and expect, and that there will be more to come if their excellent at what they do.

@Beau Walsh How soon will the first phase of work begin? How long will it take? What type of work exactly are they doing? Will the improvements raise the value of your property when completed? When will the second phase begin and how long will that take? Which buildings will be affected by phase one and phase two? Will you have to fully disclose the additional costs that may be coming to a potential buyer if you sell between phase one and two? If so will that affect the sale? Do the buyers who made those two offers know that there may be another $30k -$40k assessment? Do they know you just put $40k into the property and $25k for the first phase of work? Will you need to come to the table with cash if you accept the offers and if so, how much and are you willing to or able to put out the cash to get out? These are are the questions I'd ask myself if I was in your shoes. The first phase of work being done can be looked at as a negative or a positive. The negative being noise, dust and inconvenience, the positive is that the work has been paid for and when complete can raise the value of the property. Is there a way to get an ARV for when the first phase of work is done? If so, use that as a selling tool, maybe to another investor who likes future appreciation and turn key rentals. Just my thoughts. I hope whatever you decide it works out good for you, this sounds like a good lesson learned and also for many BP forum readers, including me! Like Rich Dad says "fail faster" it will make you better and smarter. Sorry for the long winded post and all the questions, that's just how I problem solve.

Best of luck to you!

Oh and welcome to BP @Valerie Waters @Marlon Seecharan @Adil Oghlan @Weldon Malbrough @Shawn Maxey @Tuan L. this is a great place to hangout if you want to learn pretty much anything you need to know about REI.

@Brandon Turner Do you have some login info that you can post here, so if anyone has any difficulty figuring out how to get into the Webinar (like me) since I have an inferior e-mail (MSN) that for some reason will not accept certain e-mails? Thanks buddy, by the way i'm listening to your audio book as I'm writing this, good stuff! 

@Mark Byrge what link?

@Brandon Turner Ok, thanks for getting back to me, Is this a continuous discount or I one time discount for the first month? 

@Brandon Turner just checked my inbox, junk mail and deleted emails and there is nothing.  This is the text I got: 

The BiggerPockets webinar you signed up for starts in 52 minutes! Let's do this! http://bgrpkts.me/go/dz0axc

Then I had to download the app and put in the password that I couldn't find. 

You also said there would be a discount code for going pro available if I attended the webinar. Oh well! I also think that if pro was $19.99 per month you would have a lot more pro members. Just my opinion. Still love BP, and I appreciate all that you guys offer here.

yeah @Brandon Turner what up? I got a text reminding me about the webinar but there was no access code and no one told me I needed to download the app or do whatever I need to do to get in. I spent an hour trying to figure out how to get in but couldn't very disappointed. 

Speaking of marijuana does anyone know how to access the webinar or have the access code #?