Newbie trying to get going...
Does anyone know of a website or a place I can get a comprehensive list of FSBO, properties with renters, and/or vacant properties. Any help would be great.
I did that, I was seeing if there was any one particular sight or place that anyone here on CREI uses that is user friendly, and that people have found works decent.
i agree with roztom for the most part fsbo's are lame usually they have a inflated price because they are not in touch with the market but it is possible to find deals in fsbo's but they seem to be few and far between. i have better luck on the open market and if a good fsbo comes along .....well ok.......kenmax
I have found my area that I am going to be working in. I am learning how to find a good deal, but Realtors that I have talked to don't want anything to do with creative investing. They are not willing to help me, even though I told them that it could also help them.
Any other way you think that I might be able to get a Realtor to want to work with me?
Quote:
On 2004-08-06 14:22, roztom wrote:
I would first isolate an area that you want to learn. Make friends with a Realtor or try http://www.Realtor.com for comps. The key is learning a mkt area, defining what a good deal is, setting your parameters, having financing, funding in place and then have the ability to strike when the iron is hot. I find many FSBO's are unmotivated players trying to save a buck or just playing to see if some baffoon will pay some unrealistic price. They try it themselves then list with an agent if it doesn't move. You need to get out in the market. Also check out some of the courses here by John Locke.
_________________
Tom B.
"Nothing To It, But To Do It"
<font size=-1>[ Edited by roztom on Date 08/06/2004 ]</font>
I also agree with you on the FSBO are tough, but I am trying to cover all my basisis right now.
I am still searching for what area seems to be right whether it be FSBO, Vacant properties, Owners w/ renters, Pre-foreclosures, etc. or all the above. I am still a newbie have read many items on this, still learning and probably will continue learning forever.
Fsbo are easier to find, they don't want the deal I offer than I leave it on the table, the others I don't know how to start finding yet, any help would be greatly appreicated.
fsbo can be good buys it depends on what you're needs are. if you are trying to purchase several and can't get fin. for what ever reason and you want to buy and hold and wait for appreciation they are a great way. it all depends on your needs. kenmax
Some of the things I do when looking for inventory to broker is take one municipality at a time, review the zoning map & ordinance, utility mapping, master or comprehensive plan, lists of properties currently in approval and rezoning pipeline and then contact property owners. Networking with appraisers is also very productive. Also contact owners of properties surrounding those going through municipal approval.
Could you enlighten on this a little more for a newbie. Do you get this information that you are talking about from the county offices?
Also why do you contact owners of properties surrounding those going through municipal approval?
Just trying to understand better and learn.
Quote:
On 2004-07-23 08:07, NancyChadwick wrote:
Ricker,
Concerning your Question #3...
Some of the things I do when looking for inventory to broker is take one municipality at a time, review the zoning map & ordinance, utility mapping, master or comprehensive plan, lists of properties currently in approval and rezoning pipeline and then contact property owners. Networking with appraisers is also very productive. Also contact owners of properties surrounding those going through municipal approval.
The zoning map & ordinance, utility mapping and master or comprehensive plans are available for review (and purchase) at the municipal offices. You can just walk right in there and ask to see them. As for a list of properties in the approval/rezoning pipeline, usually municipalities keep running lists of those. This is public info. You can also ask to see the development files on the individual properties, but I'd recommend making an appointment with the person responsible for keeping the files.
The reason I suggest contacting owners of properties surrounding those going through municipal approvals is that these owners may start to think about selling once their neighbors start subdividing or selling to builders.
Concerning your question "is there an easier way", the muncipality should be able to provide a mailing address for the property owner since the taxing authorities have to mail tax bills somewhere.
I have never done this myself, but I have known someone who did this-- years ago. What comes to mind is to buy at a very low price and grant back a life estate so she can occupy the property but at the time of her passing she cannot will it to others-- it goes to you.
Your ability to do this, of course, depends on her needs and desires. It may also be difficult if she has heirs waiting in the wings.
You would have to qualify her, but you might start by seeing if she needs money (or something else you can offer). Life estates are often solicited as charitable contributions.
This being said there is always the danger that someone might think that you might be taking advantage of her and seek legal remedy. There also may be laws on the books concerning this. I am just freewheeling with an idea here. Perhaps someone else can comment on the legal issue. If I were doing this I would certainly run it by an attorney.
I think that you are right concerning her comfort about moving. Here is an idea that you might want to look at that would leave her where she is.
just put "fsob" in your search. i did it on "google" and got 1,600,000 sites................kenmax
I did that, I was seeing if there was any one particular sight or place that anyone here on CREI uses that is user friendly, and that people have found works decent.
i sent you a e-me with a "fsbo" site thats worth looking at.....kenmax
i agree with roztom for the most part fsbo's are lame usually they have a inflated price because they are not in touch with the market but it is possible to find deals in fsbo's but they seem to be few and far between. i have better luck on the open market and if a good fsbo comes along .....well ok.......kenmax
roztom,
I have found my area that I am going to be working in. I am learning how to find a good deal, but Realtors that I have talked to don't want anything to do with creative investing. They are not willing to help me, even though I told them that it could also help them.
Any other way you think that I might be able to get a Realtor to want to work with me?
Quote:
On 2004-08-06 14:22, roztom wrote:
I would first isolate an area that you want to learn. Make friends with a Realtor or try http://www.Realtor.com for comps. The key is learning a mkt area, defining what a good deal is, setting your parameters, having financing, funding in place and then have the ability to strike when the iron is hot. I find many FSBO's are unmotivated players trying to save a buck or just playing to see if some baffoon will pay some unrealistic price. They try it themselves then list with an agent if it doesn't move. You need to get out in the market. Also check out some of the courses here by John Locke.
_________________
Tom B.
"Nothing To It, But To Do It"
<font size=-1>[ Edited by roztom on Date 08/06/2004 ]</font>
Ken,
I also agree with you on the FSBO are tough, but I am trying to cover all my basisis right now.
I am still searching for what area seems to be right whether it be FSBO, Vacant properties, Owners w/ renters, Pre-foreclosures, etc. or all the above. I am still a newbie have read many items on this, still learning and probably will continue learning forever.
Fsbo are easier to find, they don't want the deal I offer than I leave it on the table, the others I don't know how to start finding yet, any help would be greatly appreicated.
fsbo can be good buys it depends on what you're needs are. if you are trying to purchase several and can't get fin. for what ever reason and you want to buy and hold and wait for appreciation they are a great way. it all depends on your needs. kenmax
Ricker,
Concerning your Question #3...
Some of the things I do when looking for inventory to broker is take one municipality at a time, review the zoning map & ordinance, utility mapping, master or comprehensive plan, lists of properties currently in approval and rezoning pipeline and then contact property owners. Networking with appraisers is also very productive. Also contact owners of properties surrounding those going through municipal approval.
Great ideas. Thanks Nancy. Have a great weekend.
Nancy,
Could you enlighten on this a little more for a newbie. Do you get this information that you are talking about from the county offices?
Also why do you contact owners of properties surrounding those going through municipal approval?
Just trying to understand better and learn.
Quote:
On 2004-07-23 08:07, NancyChadwick wrote:
Ricker,
Concerning your Question #3...
Some of the things I do when looking for inventory to broker is take one municipality at a time, review the zoning map & ordinance, utility mapping, master or comprehensive plan, lists of properties currently in approval and rezoning pipeline and then contact property owners. Networking with appraisers is also very productive. Also contact owners of properties surrounding those going through municipal approval.
ready2go,
The zoning map & ordinance, utility mapping and master or comprehensive plans are available for review (and purchase) at the municipal offices. You can just walk right in there and ask to see them. As for a list of properties in the approval/rezoning pipeline, usually municipalities keep running lists of those. This is public info. You can also ask to see the development files on the individual properties, but I'd recommend making an appointment with the person responsible for keeping the files.
The reason I suggest contacting owners of properties surrounding those going through municipal approvals is that these owners may start to think about selling once their neighbors start subdividing or selling to builders.
Nancy
Concerning your question "is there an easier way", the muncipality should be able to provide a mailing address for the property owner since the taxing authorities have to mail tax bills somewhere.
I have never done this myself, but I have known someone who did this-- years ago. What comes to mind is to buy at a very low price and grant back a life estate so she can occupy the property but at the time of her passing she cannot will it to others-- it goes to you.
Your ability to do this, of course, depends on her needs and desires. It may also be difficult if she has heirs waiting in the wings.
You would have to qualify her, but you might start by seeing if she needs money (or something else you can offer). Life estates are often solicited as charitable contributions.
This being said there is always the danger that someone might think that you might be taking advantage of her and seek legal remedy. There also may be laws on the books concerning this. I am just freewheeling with an idea here. Perhaps someone else can comment on the legal issue. If I were doing this I would certainly run it by an attorney.
I think that you are right concerning her comfort about moving. Here is an idea that you might want to look at that would leave her where she is.
Regards,
Ed