OfflineOkay. Here's a property I'm interested in :
TWO MOTT HAVEN BROWNSTONES DEVELOPER'S DREAM. MUST SEE
Updated 133 days ago
$330,000
Willing to negotiate
7 beds, 3 baths, 3000 s.f., 3 floors
Single Family
It's FSBO, built in 1960.
THE PERFECT INVESTMENT, A BUILDER'S OR DEVELOPER'S DREAM. TWO BROWNSTONES IN THE UP AND COMING AREA OF MOTT HAVEN. CLOSE TO ALL PUBLIC TRANSPORTATION. LOW TAXES, FENCED IN BACK YARD, FINISHED BASEMENT PLENTY OF ROOM TO BUILD OR DEVELOP. PRICE IS FOR EACH BROWNSTONE. HOUSES ARE CURRENTLY RENTED WITH A VERY POSITIVE RENT ROLL.
So, I haven't made any offers yet, but I surely would love to make one on this. I'd like to assign this but I have NO buyers yet, as I'm just getting started. My fear keeps arising but I'm gonna do it tomorrow. So, I should get my list of questions from BARM and just do it. Or should I simply speak with the owner and let it just flow, lol. Any thoughts/suggestions would be great. Thanks!
The race isn't given to the swift, but to those who'll endure to the end.
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So far zillow.com has it for $371,500. I'm going to check a few other comparisons.
Homegain.com has it for : $467,610 - $548,933
Cyberhome.com has it for : $250,470
So, with homegain.com being such a significant difference, should I still get the average on all 3?
The race isn't given to the swift, but to those who'll endure to the end.
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How long has it been on the market,If you have no buyer's yet you may want to go with an Option to Purchase Contract.This should give you enough time to find a buyer and get the deal closed.As far as talking with the owner,just let it flow an feel comfortable with it.you don't want to sound rehearsted like a script,go for it.good luck,keep us posted.
PS The property sounds like a winner!
whurndon
Do you want to get it for yourself or assign?
Yuri
-- TIME IS A TERRIBLE THING TO WASTE, SO STOP WASTING IT --
PS The property sounds like a winner!
whurndon
So you're suggesting option to purchase or assigning? Hmm, I've been so focused on assigning, I forgot the steps towards the other, lol. I'm not sure how long it's been on the market BUT it was updated on fsbo.com over 4 months ago, so at least 4 months. Thanks so much for the encouragement.
The race isn't given to the swift, but to those who'll endure to the end.
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Yuri
I could get it for myself, but I can't b/c I'm not in a financial position to. I'd like to assign b/c I don't have the credit presently to purchase.
The race isn't given to the swift, but to those who'll endure to the end.
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an occupied listing too.
Should I email the owner this eve, or phone him in the morning? or does it make a difference?
The race isn't given to the swift, but to those who'll endure to the end.
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Hi Takeya,
Sounds like a great opportunity! I would first try to get a little more accurate comp on the property. Just to make sure the numbers work for all parties. Pursue building the buyers list. Keep in mind the longer it sits the better negoitiating level you have. Keep the faith..........Lubertha
"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"
Sounds like a great opportunity! I would first try to get a little more accurate comp on the propety. Just to make sure the numbers work for all parties. Pursue building the buyers list. Keep in mind the longer it sits the better negoitiating level you have. Keep the faith..........Lubertha
to do just that : finding more comps and building my buyers list. Thank you
The race isn't given to the swift, but to those who'll endure to the end.
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I would contact the owner. Do you have a buyer's list?
-- TIME IS A TERRIBLE THING TO WASTE, SO STOP WASTING IT --
I contacted a few owners today and I'm awaiting a response on each. I'm also working on my buyers list. I've placed 3 ads recently so again, I'm waiting to see how they work out.
The race isn't given to the swift, but to those who'll endure to the end.
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my options with this. It's still on the market and I'm deciding if this is a property I'm going to pursue.
The race isn't given to the swift, but to those who'll endure to the end.
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I would go for it! The worst thing that can happen is someone would tell you no! And even if that happens you'll see its not that bad- and I think that if thats the answer you get then its not worth it for that property becuase if the seller can't see that what you are offering them is a win-win for every one or how incrediable the oppurtunity is that you are offering them, then maybe thats not the kinda seller you want to work with... Just a thought-- Hope all goes great for ya!!
Heather
along with the other two I have an eye on. Once I get to the tax assessor, I'm sure it'll be easier there after, because I'll have some better figures in mind.
I'd really like an agent to work with. I'm placing ads and trying to seek them out, but not too many responses. I'll continue waiting.
Thanks for the encouragement!
The race isn't given to the swift, but to those who'll endure to the end.
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Congratulations on the potential deals you are tracking on your radar. The more time goes by the more flexible the sellers may become. Good luck with real estate investing and these potential deals. Believe and Achieve1
- Joe
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But, I recently learned that assignments aren't permittable here in NYC. So, I'm going to birddog for a finders fee. That's the alternative.
The race isn't given to the swift, but to those who'll endure to the end.
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