Category: Athens Lessons
Winterville Real Estate Appreciation Rate - An Example
December 28th, 2008We just had a researcher submit some very basic information about a house for sale in Winterville 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 165 Crossbow Pl, Winterville, GA 30683.
In the table below I show what happens to the value with a modest appreciation rate. Can you have years where this (or any other property for that matter) go down in value? Yes. Might it not go up by as much as we are estimating? Yes. Can it go up by more? Yes. Only time will tell what will happen.
| Years From Now | Value |
| Assumed Appreciation Rate: 2.1% | |
| At Purchase | $94,749 |
| Year 1 | $96,739 |
| Year 2 | $98,770 |
| Year 3 | $100,844 |
| Year 4 | $102,962 |
| Year 5 | $105,124 |
| Year 6 | $107,332 |
| Year 7 | $109,586 |
| Year 8 | $111,887 |
| Year 9 | $114,237 |
As you can see from the table above, if we assume an appreciation rate of 2.1% per year, then the property value eventually reaches $114,237 after 10 years.
By the way, are you finding it challenging to raise money to fund the deals that you find in Athens? If so, you may be interested in information on how to raise private money for your real estate investing business.
Sincerely,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Athens Discounted Property: $40.02 Per Square Foot
December 17th, 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 425 Hollow Rdg, Athens, GA 30607.
I am going to do do some calculations on this Athens property. It is a 3 bedroom, 2.00 bathroom property located at 425 Hollow Rdg that has an asking price of $49,900.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $59,880 (120%) | $48.02/square foot |
| $57,385 (115%) | $46.02/square foot |
| $54,890 (110%) | $44.02/square foot |
| $52,395 (105%) | $42.02/square foot |
| $49,900 Full Price | $40.02/square foot |
| $47,405 (95%) | $38.02/square foot |
| $44,910 (90%) | $36.01/square foot |
| $42,415 (85%) | $34.01/square foot |
| $39,920 (80%) | $32.01/square foot |
As you can see from the table above, if you know what a typical Athens property sells for on a price per square foot basis, you can quickly 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.
Would you like some extra help sorting and sifting through deals to find your next worthwhile investment property? If you know what to look (and ask) for, you can increase your pool of potential deals by working with an investor friendly realtor in Athens.
Sincerely,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
What Would a 3.2% Appreciation Rate in Athens Mean?
December 13th, 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 106 Acadia Dr, Athens, GA 30607.
In the table below I show what happens to the value with a modest appreciation rate. Can you have years where this (or any other property for that matter) go down in value? Yes. Might it not go up by as much as we are estimating? Yes. Can it go up by more? Yes. Only time will tell what will happen.
| Years From Now | Value |
| Assumed Appreciation Rate: 3.2% | |
| At Purchase | $97,008 |
| Year 1 | $100,112 |
| Year 2 | $103,316 |
| Year 3 | $106,622 |
| Year 4 | $110,034 |
| Year 5 | $113,555 |
| Year 6 | $117,189 |
| Year 7 | $120,939 |
| Year 8 | $124,809 |
| Year 9 | $128,803 |
As you can see from the table above, if we assume an appreciation rate of 3.2% per year, then the property value eventually reaches $128,803 after 10 years.
By the way, do you regularly meet with other investors to share your successes and failures? Learning from other investors is a great way to improve your own investing. In addition to joining your local Athens investor group, you may also consider creating a national real estate mastermind group.
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!
$30,900 per bedroom in Athens
December 4th, 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 197 Quail Run Dr, Athens, GA 30606.
Since this 3 bedroom, 2.00 bathroom property has an asking price of $92,700, 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 |
| $111,240 (120%) | $37,080/bedroom |
| $106,605 (115%) | $35,535/bedroom |
| $101,970 (110%) | $33,990/bedroom |
| $97,335 (105%) | $32,445/bedroom |
| $92,700 Full Price | $30,900/bedroom |
| $88,065 (95%) | $29,355/bedroom |
| $83,430 (90%) | $27,810/bedroom |
| $78,795 (85%) | $26,265/bedroom |
| $74,160 (80%) | $24,720/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 trying to get involved in the wholesaling game? If you're already out there, looking at deals, but still need to know how to tie up the right ones so that you can make money, you should listen to Wholesaling Volume 4: Tying Up Deals by Jassen Bowman. Learn how to claim your share of the multitudes of deals in Athens that are waiting for you to grab them!
Sincerely,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Athens Deal: $32,450 Per Bedroom
November 25th, 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 911 Henderson Ext, Athens, GA 30606.
Since this 2 bedroom, 1.00 bathroom property has an asking price of $64,900, 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 |
| $77,880 (120%) | $38,940/bedroom |
| $74,635 (115%) | $37,318/bedroom |
| $71,390 (110%) | $35,695/bedroom |
| $68,145 (105%) | $34,073/bedroom |
| $64,900 Full Price | $32,450/bedroom |
| $61,655 (95%) | $30,828/bedroom |
| $58,410 (90%) | $29,205/bedroom |
| $55,165 (85%) | $27,583/bedroom |
| $51,920 (80%) | $25,960/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.
It can be a real challenge for new investors to get and stay motivated as a real estate investor in Athens. Jassen has gone ahead and recorded an audio CD called Stop Whining and Start Investing in Real Estate. In that audio CD and members only password protected website, you can learn some great skills for getting motivated and taking action toward your first few successful real estate deals.
Sincerely,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Athens Price Per Square Foot Analysis on Athens, GA Real Estate Deal
November 14th, 2008Here's another Athens property that was submitted by a user that we will use as a teaching tool for our Athens, Georgia Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 290 Appleby Drive Unit: 153, Athens, GA 30606.
This 2/2.00 1,168 square foot property has an asking price of $82,900, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $99,480 (120%) | $85.17/square foot |
| $95,335 (115%) | $81.62/square foot |
| $91,190 (110%) | $78.07/square foot |
| $87,045 (105%) | $74.52/square foot |
| $82,900 Full Price | $70.98/square foot |
| $78,755 (95%) | $67.43/square foot |
| $74,610 (90%) | $63.88/square foot |
| $70,465 (85%) | $60.33/square foot |
| $66,320 (80%) | $56.78/square foot |
As you can see from the table above, if you know what a typical Athens property sells for on a price per square foot basis, you can quickly 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.
If you're a student of marketing, then you know that there are many variations on how to get your message out and that it's worth constantly testing new methods to discover what performs best for you. Here's another technique you may want to add to your repertoire: Buying Houses with Door Hangers. Wouldn't it be worth trying some new marketing tools if you could generate more leads in Athens?
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!
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
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
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!