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All Forum Posts by: Rush Ricketson

Rush Ricketson has started 1 posts and replied 5 times.

Originally posted by @Bennet Sebastian:
Originally posted by @Rush Ricketson:

I'm in a similar situation actaully.  Is the best way to understand the local lease rate simply through an experienced broker in the area?  This is the part that I'm finding to be the hardest to estimate so far when the property doesn't have an existing 

The simplest way is to call current competitive spaces for lease and find out what they are asking. You should have a fairly accurate estimate of what you could expect to lease it for. If it were me I would discount it by 10% to be safe. 

 Thank you, Bennet!  That's very helpful - I'll do that.

I'm in a similar situation actaully.  Is the best way to understand the local lease rate simply through an experienced broker in the area?  This is the part that I'm finding to be the hardest to estimate so far when the property doesn't have an existing tenant.

Post: Don't trust rental property sellers?

Rush RicketsonPosted
  • Norcross, GA
  • Posts 6
  • Votes 0

Your point definitely makes sense to me.  For what it's worth, I do intend to sell rental properties one day (even the ones that are performing well) in order to pool resources for purchasing a larger property.  However at the time, I'm not able to fund a larger property (and am hoping that some appreciation and cash flow on smaller properties will help me get there).

Post: Making My First FSBO Offer - Please Help!

Rush RicketsonPosted
  • Norcross, GA
  • Posts 6
  • Votes 0

@Yuriy Skripnichenko Thanks so much for your help, Yuriy!  

Post: Making My First FSBO Offer - Please Help!

Rush RicketsonPosted
  • Norcross, GA
  • Posts 6
  • Votes 0

Hey Bigger Pockets community! I'm so grateful for everyone here! I have learned so much along the way and am ready to make an offer on a FSBO property.

I have previously used an agent with the purchase of my home, but the FSBO is uncharted territory to me. I know the general price, terms, and contingencies that I want, but don't know exactly how to go about submitting this formally. Is it just time to call a lawyer?