All Forum Posts by: Pete Paniccia

Thanks for all the replies. There's always that fear of being too conservative or not conservative enough and miss out on a deal. I'll give the calculators another look. Thanks again!

So, I'm obviously new. But I have been trying to run and analyze rentals for a few months now and it seems that every post I read has a different way to analyze deals. For a new investor which are the most important numbers to run and which are "nice to have"? Thanks in advance.

Well I asked about the inflated value. Sellers agent hinted that they would entertain somewhere around $275k. Sounded fishy that they would drop $100k off list right off the bat. Dug a little deeper and found the crime rate to be sky rocketing in that area. On to the next...

Thanks for the replies. So, basically there are three sets of duplexes on one plot. One duplex sold last month for $145k. The other two are for sale right now. That one duplex is really the only comp in the immediate area. That's where I got my $290k from. I'm going to have my agent reach out and try to see what the seller is thinking. I guess hurt feelings don't have a place in this business.

Looking at a quadplex. List price is $365k. Comps support $290k. BUT, I'm looking to ask for seller financing. How do I go about offering near the comps without insulting the owner so I can still negotiate financing?

I found a hell of a deal today. Foreclosure for $50k. I have the 20% down, but I've spoken to 10 different banks today and no one wants to do a mortgage for $40k. Any leads for a bank here in NC that could help out? Thanks in advance.

Thanks Jeff. There are a few areas nearby that would be good. Just more concerned with those areas being out of my price range.

I live in a military town and was looking to start utilizing the BRRR strategy. However, home prices have been depreciating since 2014 in the area. Wondering if I should think about a different strategy? Main concern would not being able to get my cash back on the refi. Anything helps! Thanks.

So, not sure if it's viable or even legal, but wondering if it's kosher to sublet a lease to own option? Just something I was thinking about yesterday.

Thanks Jim. I'd love to grab a bite and talk shop sometime.