All Forum Posts by: Mark Updegraff

Well written @J Scott ! 

I would love to come work for you on a new development project unpaid, and do anything you need done.  Need some help?  I need a coach ;C)

Cheers!
Mark in ROC

Bigger Pockets keeps beating my lead generation on Zillow and Trulia.  When you do a cost comparison Bigger Pockets blows it out of the water.  Investors typically take longer to close, and their deals are typically less expensive, but they are great clients if you have a pipeline (which you should if you're an agent / investor) of inventory that you would like to move.

Dollars spent on Bigger Pockets are more effective than any other lead generation platform IMO.

Hands down the number 1 online resource for Real Estate investors!

Congratulations on your success!!!

networking!  This is the place to make and grow business relationships.  It's a great place to build an on-line reputation as a local professional.  Testimonials, blog posts, references, the list goes on.  It is an incredible asset for information.  Anything you want to know, has already been asked.  Anything you can't find, you can ask and people will point you to the 15 threads that already exist on the topic.  Finding local professional help is a snap.  The Pro membership is the BEST BUSINESS INVESTMENT I make every year, and I make a lot of business investments.  I repeat. 

BIGGER POCKETS PROVIDES ME THE BIGGEST RETURN ON MY INVESTMENT IN REAL ESTATE INVESTMENT YEAR AFTER YEAR!!!

@Joshua Dorkin is the MAN for blowing it out of the park with this network of professionals!

IMO it is best to pay a good realtor the going rate to handle your sale.  ESPECIALLY if you're in a slow market.  There are many reasons why.  If you're in a hot market, it doesn't matter as much as long as you're not over valuing your house.  You're loosing out on agent-to-agent networking.  As a seller's agent, I'm talking to everyone I interface with (with an emphasis on other agents) to find a buyer for the property.  Who are you talking to?  Are you talking to all the best agents in your area regularly to see if they have anyone that may fit?  I do.  And I do it over and over again with the same professionals until they start to remember that house, me, and all the awesomeness I've been saying about it.

Just saying, IMO people are better served not trying to do it on their own when they have a good seller's agent.  

If you want to try your strategy pull out the stops. More than half the normal commission so you're still saving a bit, but you're actually motivating some people to work for you. If you're offering the normal co-op broker fee, and your FSBO... agents probably try to avoid your house because you're over priced and more work. I know I would stay away unless a client INSISTED to see your house even if you were .5% above the co-op norm. Why? Because the majority of FSBO's are delusional about their value to begin with and a complete waste of time.

@Jerry Padilla I believe it will depend on your lease agreement.  I always defer legal questions to my attorney John Marchioni.  I can give him a call and get clarification tomorrow!

@David Stott Awesome!  My guess is that Fairview ended up at 100,150 but we won't know until it closes.  

I've got buyers for both of your properties (with current leases no problem) If you want to discuss the details feel free to call anytime!  I think you both have my cell number, but if not just hit me up with PM and I'll send it over :D  They are strong buyers and specifically want product in this area.  The closer to Brooks / Genesee the better but are open to all parts of the 19th.

Talk soon,
Mark

Looking at some of the recent stats in the 19th ward, it looks like there is a pent up demand for multi units.  Perhaps it is just the surge of the spring market, or perhaps its an indicator of values on the rise.  If you were following the Fairview duplex you noticed that it had 2 offers first day on market and 8 by the time they were presented the following day.  Then the Stanfield duplex had an offer on it first day on market as well.  The single market is also pretty strong for decent stock.  It looks like someone is flipping a house on Arnett and the pictures look really good.  I'm wondering what that will end up closing for, if it is anywhere near what they're looking for we're going to see a huge up tick in people trying to cash in.  

Supply, meet demand!

Thomas H. Kishlar

Vice President
The Bank of Castile
724 Long Pond Rd.
Rochester, NY 14612-3010
(585) 368-7530
(585) 225-7564 Fax www.bankofcastile.com

@Joshua Dorkin I'm can see your hesitation.  It could be pretty chaotic with this bunch :D  How would you disseminate and archive the important data!  And how could you keep it from getting off topic... Probably best not to go there!

Nice!  Looking forward to chatting it up.  How about an old school BP chat room where people can enter based on topics?