All Forum Posts by: Corazon B.
Corazon B. has started 12 posts and replied 48 times.
Oops, I meant to say per year not per month 😆 And thanks Scott, for the free trial. I will definitely be trying this out for one whole month along with other rental property calculators out there. BiggerPockets calculator is one of the most convenient so far.
I think the BiggerPockets calculator is easy to use and convenient. But $390 a month is too much. Have you guys tried any other calculators out there? Any recommendation? I found this one: https://www.turbotenant.com/landlord-toolbox/rental-property...
Quote from @Travis Main:
Considering that the average realtor typically completes only 3-4 deals per year, it's unlikely that many are poised to seize those opportunities. While MLS remains the primary platform for on-market deals, the majority of deals I encounter originate from off-market sources, often through wholesale channels.
When you say wholesale, someone(wholesaler) finds a homeowner who is in need of cash quickly or cannot go through traditional process of selling their house for some reason, and then the wholesaler finds an investor to buy the house who will pay in cash? Where exactly do you find wholesalers? I looked at Homepath, the prices there are no different from MLS listings
Thanks for the insight guys :)
So real estate agents have access to the MLS where they can see all of the properties currently available. And so they can see it before anybody else can, unless ofcourse you go door to door or do intense research on your own to find good deals without real estate license. If real estate agents recommend a property, I always think why couldn't they buy this themselves if this is a good deal? Why are the properties even there in the listings for more than 30 days?
Post: Distinguishing between A-Class, B-Class, C-Class properties?
- Posts 49
- Votes 3
Quote from @Yiwei Cheng:
Hi Corazon, this is how I would think of class A, B, C neighborhoods:
Class A neighborhoods are the prominent areas where everyone wants to live, your most expensive houses, gated community, high end homes, high price points, great school districts usually
Class B neighborhoods have more rental houses, up and coming neighborhoods with lots of flips, you may also see yards not as nicely kept up, starter home neighborhoods usually
Class C & D neighborhoods are mostly rental areas, more run down or empty houses, street by street, more crimes in the area, lower prices to purchase
The classes usually has nothing to do with the age of the house.
Post: Distinguishing between A-Class, B-Class, C-Class properties?
- Posts 49
- Votes 3
Quote from @Gregory Schwartz:
Hey Corazon,
This is a great topic. Its important to know that the property can be A, B, C or D and so can the location. So lets break it down
Properties
A - Usually brand new or completely remodeled.
B- I usually think of these houses as older but well taken care of. They might be slightly out of date but no major issues.
C- Usually we're talking about old houses, maybe 20+ years old and they look it. These are the affordable rentals
D- In my opinion, D houses require rehab just to be livable. If people are living there usually they are on hard times.
As far as the neighborhoods and areas, yes the schools have a lot to do with that,
A - gated community or a high end downtown area
B - your standard neighborhood with a park. Nothing special but its nice
C - Older neighborhood, some of the houses are run down, some are well-kept
D - Commonly referred to as a war zone
I like to find C properties in B neighborhoods and fix them up a little. Good luck :)
So you are able to tell if it's a D neighborhood simply by the way it looks? Houses look old and ran down?
Post: Distinguishing between A-Class, B-Class, C-Class properties?
- Posts 49
- Votes 3
Thanks for the info everyone. Very helpful.
Post: Distinguishing between A-Class, B-Class, C-Class properties?
- Posts 49
- Votes 3
Are you able to tell which ones are the A class, B class, and C class properties based on how much it is being sold for and what types of public schools are available in the area? What are other ways are you guys able to distinguish between the properties? How are you able to tell what is the average salary of the people who are living in a neighborhood?
Quote from @Bob S.:
Quote from @Corazon B.:
I'm looking for a property to purchase in the Cape Coral, FL area. I'm looking to pay cash since my job is not stable and move from one job to the next (i'm an artist). I would like the property to have great appreciation and some cash flow to contribute to my retirement in the future. I been looking at some properties online, would you guys say this is a good deal or not? https://www.realtor.com/realestateandhomes-detail/1447-NW-1s...
DO NOT touch FL, way overpriced everywhere,
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