All Forum Posts by: Ryan Frank

@Ryan Frank yeah. Agents like to deal with other agents more than people not represented by agents. If you have an agent you are working with it friebdl with, you may see if they get a better response.

You may change the way you ask.

Hello I am interested in purchasing XX but I would like to do owner financing. Can you please check with your client to see if they would be interested.

That gives them fewer outs with their answer.

Thank you for this. I will give it a try.

I may end up going the conventional route, but would really like to keep this property off my credit.

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Originally posted by @Leah Stuever:

always best to check with the agent to see if the owner even is interested. Don't waste your time and theirs.

That's what I figured.

I've been asking but every time the realtor either responds "I have no idea" or "Have you even seen the house yet?".

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For arbitrage deals, does the owner know you will be re-leasing? I've never seen this done before so excuse the ignorance.

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For those of you who do Seller Financing...

Do you call the selling realtor first and ask them if the seller is open to financing?

Or do you view the property like normal, and then submit an offer asking for seller financing?

This is for SFH's - not multi-families. So the sellers are typically NOT investors.

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Originally posted by @Scott Piaseczny:

if it were me I would factor a few things in before deciding to sell or not. you mentioned that you did put a lot of money into the house and don't feel you will regain that money when you go to sell.. depending on your mortgage and taxes renting the house out on your own may be a good way to gain back some of your initial investment before selling.

That's what we have been doing. We've had a great renter in there for over 2 years now, at $1,100 per month.

We are finally ready to sell,

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Originally posted by @Mike Cumbie:

Sent you a PM with some details after a quick comp set

Thanks. Responded.

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Originally posted by @Mike Cumbie:

Hi @Ryan Frank,

What part of Greece are you looking at? Are you looking at listing for rent or sale? Put down some specifics down and we can try and give you a hand.

Hi Mike!

It's near Vintage Ln in Greece. Close to the Mt. Read Wegmans.

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Originally posted by @Shawn Riley:

Ryan Frank what size is the house and what part of Greece is it located in? You could get and idea of how much it could rent for on Rentometer.com or an app like Zillow or Trulia what other people are listing their houses at.

Sorry, I probably should have given details.

It is a 1200 sq foot single family situated near the newish Wegmans on Mt Read Blvd (close to Vintage Ln). 2 bedrooms, 1 bath. Living room and a family room. Very cute curb appeal.

It was my wife and I's house when we first got married. We tore it down to the studs. All new drywall, ceilings, recessed lights, carpet, tile, bathroom, ductwork, driveway, patio, and hot water heater. We did this all 7 years ago (except for the water heater which was in 2016).

Looking back it was kind of dumb because the house isn't going to be able to give us back the amount of money we put into it.

We moved out a couple years ago and have since been renting it out to the same family at $1,100 per month.

I would like to sell it but I'm not sure if I should be targeting landlords who would like the fact that we have a stable tenant who has been there's for 2 years, or move the family out (they are month to month now that lease is over), and target a family a who is looking to buy?

EDIT to add: The only thing it doesn't have is a new roof, and it needs one. Should I have one out on before listing?

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Just curious if anyone is from the Monroe County.

I have a single family rental and I was hoping to get some advice on how much I should list it for. It's in the town of Greece and my realtor doesn't seem to know much about rentals. Farely frustrated :/

Thanks.

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All Forum Posts by: Ryan Frank

Ryan Frank has started 2 posts and replied 9 times.

Post: For those of you who do Seller Financing

Post: For those of you who do Seller Financing

Post: I'm selling my long term rentals and buying beach property

Post: For those of you who do Seller Financing

Post: Anyone from the Rochester NY area?

Post: Anyone from the Rochester NY area?

Post: Anyone from the Rochester NY area?

Post: Anyone from the Rochester NY area?

Post: Anyone from the Rochester NY area?