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All Forum Posts by: Sonia N.

Sonia N. has started 0 posts and replied 43 times.

Post: Taking the pulse of recent appraisals vs. actual closing costs

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

Out of the 7 SFR properties we purchased last year in Huntsville, only 1 came in about $8,000 lower and I think it was actually undervalued but it gave us ammunition to go back to the seller to renegotiate. We ended up splitting it so the price came down $4,000. 6 months in, valuation is $30k higher than our sale price.

Post: looking for reliable property management company

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

I just purchased a sfr in Columbus as well and so far, I’ve had a great experience with Donny Thompson + team from Era. Check with them to see if they cover your area. 

Post: Real Estate CPA South Shore Area

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

@William Richman Following as I would also love to be able to find a local CPA that is more focused on REI.

Post: Looking for Asset Protection Lawyer and CPA - Alabama

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

@Jay Williams

Hi Jay! I’m looking for a CPA in Alabama as well. Did you end up finding anyone?

Post: ISO North Alabama CPA

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

@Asa Ifill

Hi Asa! Do you mind sending me info for the tax accountant you were able to use as well in Huntsville? Thanks in advance!

Post: Home Appraisals Method in HSV

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

@Brandon Hardiman sorry I meant for the above post to go to you Brandon

Post: Home Appraisals Method in HSV

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

@Jeff Henderson I’ve actually appealed an appraisal and with better mls comps for a heloc recently and at least based on that experience, it seems that the banks are not as amenable to changing their original position. Luckily, I did end up getting it from another bank who did appraise it appropriately.

My best advice is to do your ARV estimate on the conservative side so even if it doesn't come out as high as you thought, you gave yourself some cushion. Good luck!

Post: VIRTUAL Pints and Properties Meetup

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

@Jonathan Bombaci thanks. Will definitely try to join!

Post: VIRTUAL Pints and Properties Meetup

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

@Ashley Norris sounds very exciting and I love growing local food and the rooftop concept in general. I just tagged you to connect :)

Post: New Real Estate Investor around Boston, MA

Sonia N.
Posted
  • Rental Property Investor
  • Boston, MA
  • Posts 45
  • Votes 38

@Kevin Wu congrats! It’s definitely one of the best options to go.