Comments on: Know your Competition – Real Estate Investing http://buildbankroll.com/2009/11/know-your-competition-real-estate-investing/ Sat, 05 May 2012 14:37:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Steve http://buildbankroll.com/2009/11/know-your-competition-real-estate-investing/comment-page-1/#comment-309 Steve Mon, 09 Nov 2009 18:29:26 +0000 http://buildbankroll.com/?p=724#comment-309 Hi Mike - I read all of your blog posts last night and I think your post outlines everything that is going on. The government has their hands it. One thing we've been doing is starting to look at and work on some higher end properties that need repairs. They don't work on a long-term basis, but they will provide short-term capital and allow us to keep more of the low end inventory in our long-term program. No answers right now, it's very tricky place to navigate. If the market get's hammered again, which the low-end can't go down too far, I don't want to get caught with 15 houses in the system. Hi Mike -

I read all of your blog posts last night and I think your post outlines everything that is going on. The government has their hands it.

One thing we’ve been doing is starting to look at and work on some higher end properties that need repairs. They don’t work on a long-term basis, but they will provide short-term capital and allow us to keep more of the low end inventory in our long-term program.

No answers right now, it’s very tricky place to navigate. If the market get’s hammered again, which the low-end can’t go down too far, I don’t want to get caught with 15 houses in the system.

]]> By: Mike Z http://buildbankroll.com/2009/11/know-your-competition-real-estate-investing/comment-page-1/#comment-308 Mike Z Mon, 09 Nov 2009 16:57:41 +0000 http://buildbankroll.com/?p=724#comment-308 Steve, Curious what you think of this blog post? http://wealthbuildingpro.blogspot.com/2009/11/your-opinion-is-welcomed-as-something.html I wrote it based on the fact that I think something is almost fake in the market. Z Steve,
Curious what you think of this blog post?

http://wealthbuildingpro.blogspot.com/2009/11/your-opinion-is-welcomed-as-something.html

I wrote it based on the fact that I think something is almost fake in the market.

Z

]]> By: Steve http://buildbankroll.com/2009/11/know-your-competition-real-estate-investing/comment-page-1/#comment-307 Steve Mon, 09 Nov 2009 02:25:47 +0000 http://buildbankroll.com/?p=724#comment-307 All my excuses being said, it still is a valid strategy that we have been pursuing. There are not a lot of them though. The benefit is, trying to get $700/mo rent from two people is much easier than $1,400-$1,500 rent from one person. Plus for resale, if you sell them FHA, you the owner-occupant can get 75% of their mortgage paid for. All my excuses being said, it still is a valid strategy that we have been pursuing. There are not a lot of them though.

The benefit is, trying to get $700/mo rent from two people is much easier than $1,400-$1,500 rent from one person.

Plus for resale, if you sell them FHA, you the owner-occupant can get 75% of their mortgage paid for.

]]> By: Steve http://buildbankroll.com/2009/11/know-your-competition-real-estate-investing/comment-page-1/#comment-306 Steve Mon, 09 Nov 2009 02:24:26 +0000 http://buildbankroll.com/?p=724#comment-306 House #25 is a duplex. The competition is less on them, oddly enough all the numbers pretty much are the same as a house (combined rent, appraised resale value), except their base price is a little bit higher than a single family house. I missed out on a sweet deal on a 4-plex that I would have loved to own, but you can't win them all. My hard money lender gets more conservative on multi-families too. House #25 is a duplex. The competition is less on them, oddly enough all the numbers pretty much are the same as a house (combined rent, appraised resale value), except their base price is a little bit higher than a single family house.

I missed out on a sweet deal on a 4-plex that I would have loved to own, but you can’t win them all.

My hard money lender gets more conservative on multi-families too.

]]> By: Mike Z http://buildbankroll.com/2009/11/know-your-competition-real-estate-investing/comment-page-1/#comment-305 Mike Z Mon, 09 Nov 2009 01:24:07 +0000 http://buildbankroll.com/?p=724#comment-305 Great Idea. Thanks for sharing. By the way have you look into small multi family deals? In my market the SFH market has gotten crazy competitive and I have found better returns with Duplexes. Just a thought. Z Great Idea. Thanks for sharing. By the way have you look into small multi family deals? In my market the SFH market has gotten crazy competitive and I have found better returns with Duplexes. Just a thought.
Z

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