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All Forum Posts by: Justin S.

Justin S. has started 51 posts and replied 1539 times.

Post: Making Offers on Multiple Properties

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

@Brad G. It is not clear if you are just made two offers or you have two offers accepted (meaning you are under contract)?

Post: How to determine repair/reno costs before making an offer?

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

Hi @Laura Levine

I would start with a rehab analysis sheet like this one:

http://www.biggerpockets.com/files/user/JasonScott/file/13-rehab-analysis-spreadsheet---basic

If you need more guidance I would track down a local flipper in your area and see how they do it.

Good luck!

Post: Sight unseen offers.....my 2 or more cents

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

Sight un-seen offers in my area pretty common. Phx has a lot of new builds and cookie cutters homes, if a model match sold quickly then I have pretty good idea what my home will sell for. I know back east, the neighborhoods are not setup this way, but once you buy a certain number of home and need to ramp up volume, visiting every property is a big time waster. If I have my doubts, I will send my PM out there or view it myself but in most cases most are bought sight unseen or off the MLS pics.

Post: New member from Dallas, Texas

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

@Jessica G. Welcome to BP. There are number of savvy buy and hold people on here. I look forward to reading your posts. Good luck!

Post: Newbie from Gwinnett, Georgia.

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

Hi @Erick Yang Welcome to BP. It is a great site and you can learn a lot from it. I look forward to reading some of your posts.

Post: MLS 1-liner reports in AZ

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

@Shayne Hastings - Can you clarify what you need? I'm not sure what a 1-liner report means.

Post: Pre-foreclosure listings

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

@Marc Dufour - You will likely have better results contacting a title company and asking for their pre-foreclosure list. I get a daily one from Fidelity National Title for my local market. They typically free with the understanding that you use them for closings. Good luck!

Post: Do I have to be physically present to close on a property?

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

@Anthony Gayden - No you do not need to present. It depends on the title company but most can email you docs and then you can get them notarized at local bank or they can setup a mobile notary for you. Good luck!

Post: Violating the 70% rule and still making money?

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

I don't know of any investor, that is doing any sort of volume, that can meet the 70% rule. If you are doing only a few flips/year than I can see waiting for the 70% rule. The 80-85% discount factors are more common in my market.

Post: Postcard company

Justin S.Posted
  • Residential Real Estate Agent
  • Chandler, AZ
  • Posts 1,748
  • Votes 928

If you just want postcards printed, I've have good luck with Phoenix Media: http://www.phoenixmedia.com/

Good luck!