Archives for: November 2008, 10
Athens Distressed Property: $19,800 Per Bedroom
November 10th, 2008I want to share with you some information about a property in Athens located at 635 Vincent Dr. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
Since this 3 bedroom, 2.00 bathroom property has an asking price of $59,400, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.
| Price Paid (% of Asking Price) | Price/Bedroom |
| $71,280 (120%) | $23,760/bedroom |
| $68,310 (115%) | $22,770/bedroom |
| $65,340 (110%) | $21,780/bedroom |
| $62,370 (105%) | $20,790/bedroom |
| $59,400 Full Price | $19,800/bedroom |
| $56,430 (95%) | $18,810/bedroom |
| $53,460 (90%) | $17,820/bedroom |
| $50,490 (85%) | $16,830/bedroom |
| $47,520 (80%) | $15,840/bedroom |
As you can see from the table above, if you know that rents in Athens can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Are you new to real estate investing and a bit confused by all of the different strategies you've heard of for making money in real estate? Maybe you've heard of such a thing as a bird dog, and are wondering what retrievers have to do with real estate. Worry not - Jassen covers the basics of real estate wholesaling, including bird dogging in his audio CD: Wholesaling Volume 1: Getting Started With Wholesaling. Check out this great way to get involved in your local Athens market today.
Sincerely,
James
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Athens Housing: $27,500 Per Bedroom
November 10th, 2008We just had a researcher submit some very basic information about a house for sale in Athens to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Athens, Georgia Real Estate Resources is located at 200 Scandia Cir Unit: 4, Athens, GA 30605.
Since this 2 bedroom, 2.00 bathroom property has an asking price of $55,000, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.
| Price Paid (% of Asking Price) | Price/Bedroom |
| $66,000 (120%) | $33,000/bedroom |
| $63,250 (115%) | $31,625/bedroom |
| $60,500 (110%) | $30,250/bedroom |
| $57,750 (105%) | $28,875/bedroom |
| $55,000 Full Price | $27,500/bedroom |
| $52,250 (95%) | $26,125/bedroom |
| $49,500 (90%) | $24,750/bedroom |
| $46,750 (85%) | $23,375/bedroom |
| $44,000 (80%) | $22,000/bedroom |
As you can see from the table above, if you know that rents in Athens can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
In case you forgot (or did not know), we have some great resources for people interested in learning how to wholesaler Athens real estate. You can get information about that from our Athens Wholesaler Info page which will show you how to gain access to our Wholesaler Control Panel with everything you'll need to learn to wholesaler real estate.
Until my next post,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Managing Your Rentals - Charging Prorated Rent
November 10th, 2008In the course of occupying your rental properties, you will undoubtedly have many tenants that will move in sometime during the month and not on the 1st of the month. This, of course is a good thing because you want to get your units occupied as soon as possible. Much better to have a qualified tenant move in on the 20th of the month than have them wait until the 1st of the next month. But how do you deal with the prorated rent for this initial, partial month?
The formula for calculating prorated rent is quite simple.
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
7 Steps to Setting and Achieving Goals and Deal Analysis
November 10th, 2008This week we are giving away a new free real estate course download on the Learn To Be Rich™ Game.
7 Steps to Setting and Achieving Goals and Deal Analysis is one of the Real Estate Mentor Calls series. It is Volume #5 in the series.
Just start and finish a game this week on Learn To Be Rich™ and on the game summary page, there will appear a link to download the entire course. The link disappears on Sunday at midnight, so download it immediately.
Until my next post,
James
P.S. If you miss the time to download it, or you'd rather just buy it on audio CD rather than play an entire game start to finish this week to earn it, you can also order it using the link below.
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
