All Forum Posts by: Dan Rosenberger

This is the old dilemma of what kind of value is added when you incur a cost.  There are two factors in adding value.  Will it impress the buyer?  And - will it impress the appraiser?  If it adds wow factor you might sell with fewer days on market.  Your daily carrying costs (interest, insurance, taxes, etc.) are just as real costs as writing a check for material.  

Sometimes the decision for me is based on the quality of the existing countertop.  If it needs to be replaced, I will look at both options.  In that case it is not just the cost of the granite.  It is the difference between cost of granite and laminate.  There is no right answer. 

When is the three day event?  It would be good to know your impressions after it is over.  And hopefully there is not a pitch for even more super advanced training and/or joining something that has a monthly fee whether or not it produces results.  There seems to be a pattern where a person goes to a free or inexpensive event, then pays for a training that includes a sales pitch for more training.  Several "trainers" seem to have adopted that model.  So it would be good to hear your report, the good, the bad and the ugly.

How did the event turn out?  How much of the one day paid event was substance, and how much was a pitch for the "more advanced" training?

Read the owner occupant certification form.  Don't sign it unless it is accurate.  If you want to buy as an investor, place your bid as soon as the property switches from exclusive to extended.

Unless you really want to be a landlord, the fix and sell option might make the most sense. If you can sell at 110, you will probably see high 90's on the net to seller. That would put your rehab plus profit number in the low 30's. So if you can do it for close to 10K, it doesn't sound bad. If your likely buyer is FHA, you might want to time your rehab accordingly.

I am sure the formula varies by region.  And there appear to be some bids that are too low for the computer to accept, so they send them over to a human for review.

In some areas the MLS is primarily sales. But there are quite a few rentals listed on MIBOR. So don't overlook that source of potential renters.

Also check out Christian Theological Seminary since it is so close to Butler.

While newspapers might seem old tech, I would think a campus-specific newspaper might be worth a look.  Student looking for housing could be looking there. The university should have a housing office that might be helpful.

Each area might have a different definition.  In my area (Indy) the original list price is initial price when the property was first listed.  The list price would be the price just before the home sold or expired.   Then they have something called a status price which would be the sold price if closed and the most recent list price if active, pending or expired.  You might want to get some clarification for those terms in your area.