All Forum Posts by: Patrik Kathee

In the State of Utah, anyone can have access to the local MLS listings. By access, I mean basic search for a property using the price, location, type, year built etc criteria. Which doesn't really provide enough info to keep up with the local and more up to date inventory?

Access to other critical and or finer property location tools (Status of the Property, Days on the Market, Tax ID records, CMA Data etc) is only enabled to MLS subscribers.

However, MLS subscription in limited to Active Real Estate Agents, registered with the Board and current on their MLS monthly dues.

In short, not working with a Realtor would be like finding a needle in a haystack.

When you walk past an employee and ask for assistance to locate a particular item. Employee tells you they don’t and have NEVER stocked the item. A minute later, you walk past the employee flashing the ‘nonexistence’ item on hand……..

This thread somewhat goes hand in hand with the one below;

http://www.biggerpockets.com/forums/67/topics/67674-is-it-possible-to-rehab-a-100-houses-a-year

Encouraging insight from fellow members. Thank you all for sharing. :)

I recently came across a Manufactured home (1000 SF). Seller is asking for $34K. Property needs a little attention (carpet, paint, evap/swamp-cooler) and a few other cosmetic items. I did the math and I’ll probably end up spending $6-7K on repairs/rehab only.

I have been able to negotiate the price down to $30K. Property values in this particular community have been going for around $45-$60k depending on the overall condition and total square-footage of course.

As I am currently searching for a hard/private money lender, I thought I could set the ball rolling with the little cash that I have instead of waiting on a $100k+ property that I would need some sort of funding resource.

I am this close to pulling the trigger on this one but would appreciate some input if there is something I am overlooking.

Thanks.