32 offers or more in 3 days on a single property

[an]

I think there’s pent up demand for all homes in all areas IF the price is right. I’ve seen houses in Mira Mesa, which most on here think is a crappy area, getting multiple offers, when it was priced aggressively. They were small houses in the 1200-1400 sq-ft range priced in the low to mid 300k range and get snapped up pretty quickly. With 30 year fixed and 20% down, PITI would be around $1700/month. The rent on this type of place would easily fetch 1700-1900/month depending on the interior quality.

sdr, you must be one hell of a negotiator if you can get a listing priced @ 350k to take an offer @ 275-290k. Too bad your client snoozed on such a deal.

[4plexowner]

“solid chance of delivering a 200K capital gain in 10 to 15 years”

it has an equal chance of remaining flat or delivering a 100K capital loss over the next 10 to 15 years

really, sdrealtor, these are the kinds of comments that facilitated the housing mania here in socal

what makes you think there is potential for a $200K gain?

wages are going to go up to support this price increase?

the Boomers (25% of our workforce) are going to decide not to retire over the next 10 to 15 years so they won’t need to sell their houses?

the demographics in this country are changing as are the attitudes towards real estate – for all we know, the gen X and gen Y kids might decide that owning real estate is only for stupid people and choose not to buy the houses that the Boomers are going to try to unload

IMO you are doing a terrible dis-service to your clients by mentioning potential capital gains (yes, I acknowledge that you are telling your clients exactly what they want to hear and that if you didn’t blow pollyanna smoke up their asses some other realtor would)

[4plexowner]

“solid chance of delivering a 200K capital gain in 10 to 15 years”

it has an equal chance of remaining flat or delivering a 100K capital loss over the next 10 to 15 years

really, sdrealtor, these are the kinds of comments that facilitated the housing mania here in socal

what makes you think there is potential for a $200K gain?

wages are going to go up to support this price increase?

the Boomers (25% of our workforce) are going to decide not to retire over the next 10 to 15 years so they won’t need to sell their houses?

the demographics in this country are changing as are the attitudes towards real estate – for all we know, the gen X and gen Y kids might decide that owning real estate is only for stupid people and choose not to buy the houses that the Boomers are going to try to unload

IMO you are doing a terrible dis-service to your clients by mentioning potential capital gains (yes, I acknowledge that you are telling your clients exactly what they want to hear and that if you didn’t blow pollyanna smoke up their asses some other realtor would)

[4plexowner]

“solid chance of delivering a 200K capital gain in 10 to 15 years”

it has an equal chance of remaining flat or delivering a 100K capital loss over the next 10 to 15 years

really, sdrealtor, these are the kinds of comments that facilitated the housing mania here in socal

what makes you think there is potential for a $200K gain?

wages are going to go up to support this price increase?

the Boomers (25% of our workforce) are going to decide not to retire over the next 10 to 15 years so they won’t need to sell their houses?

the demographics in this country are changing as are the attitudes towards real estate – for all we know, the gen X and gen Y kids might decide that owning real estate is only for stupid people and choose not to buy the houses that the Boomers are going to try to unload

IMO you are doing a terrible dis-service to your clients by mentioning potential capital gains (yes, I acknowledge that you are telling your clients exactly what they want to hear and that if you didn’t blow pollyanna smoke up their asses some other realtor would)

[4plexowner]

“solid chance of delivering a 200K capital gain in 10 to 15 years”

it has an equal chance of remaining flat or delivering a 100K capital loss over the next 10 to 15 years

really, sdrealtor, these are the kinds of comments that facilitated the housing mania here in socal

what makes you think there is potential for a $200K gain?

wages are going to go up to support this price increase?

the Boomers (25% of our workforce) are going to decide not to retire over the next 10 to 15 years so they won’t need to sell their houses?

the demographics in this country are changing as are the attitudes towards real estate – for all we know, the gen X and gen Y kids might decide that owning real estate is only for stupid people and choose not to buy the houses that the Boomers are going to try to unload

IMO you are doing a terrible dis-service to your clients by mentioning potential capital gains (yes, I acknowledge that you are telling your clients exactly what they want to hear and that if you didn’t blow pollyanna smoke up their asses some other realtor would)

[4plexowner]

“solid chance of delivering a 200K capital gain in 10 to 15 years”

it has an equal chance of remaining flat or delivering a 100K capital loss over the next 10 to 15 years

really, sdrealtor, these are the kinds of comments that facilitated the housing mania here in socal

what makes you think there is potential for a $200K gain?

wages are going to go up to support this price increase?

the Boomers (25% of our workforce) are going to decide not to retire over the next 10 to 15 years so they won’t need to sell their houses?

the demographics in this country are changing as are the attitudes towards real estate – for all we know, the gen X and gen Y kids might decide that owning real estate is only for stupid people and choose not to buy the houses that the Boomers are going to try to unload

IMO you are doing a terrible dis-service to your clients by mentioning potential capital gains (yes, I acknowledge that you are telling your clients exactly what they want to hear and that if you didn’t blow pollyanna smoke up their asses some other realtor would)

[sdrealtor]

AN
Negotiating well is only half of the equation. The other half is really knowing my market, communicating well with other agents and determining the right time to strike.

4plex,
For the record I never tell my clients about potential capital gains nor would I ever. I told my client it was was close to cash flow and if it went down much further than 250K it would be very appealing to investors strictly on a financial basis. When prices go that low it will be tough to find one with as good a location and potential as this one. It was certainly among the best I’d seen in several years.

What makes me think a 200K gain is possible is that the location was spectacular and a decent remodel after milking it as a rental for 10 to 15 years would create an absolute jewel relative to the area. If I bought it today at the price I wanted, I think I could probably have made about 50K flipping it. I also believe that we will see yet another cycle reach its peak whatever that may be in the next 15 years. The 200K opinion was mine alone and one I believe based upon data and familiarity with the area. Worst case scenario you’d have a great rental property that cash flowed well in 10 years IMO.

[sdrealtor]

AN
Negotiating well is only half of the equation. The other half is really knowing my market, communicating well with other agents and determining the right time to strike.

4plex,
For the record I never tell my clients about potential capital gains nor would I ever. I told my client it was was close to cash flow and if it went down much further than 250K it would be very appealing to investors strictly on a financial basis. When prices go that low it will be tough to find one with as good a location and potential as this one. It was certainly among the best I’d seen in several years.

What makes me think a 200K gain is possible is that the location was spectacular and a decent remodel after milking it as a rental for 10 to 15 years would create an absolute jewel relative to the area. If I bought it today at the price I wanted, I think I could probably have made about 50K flipping it. I also believe that we will see yet another cycle reach its peak whatever that may be in the next 15 years. The 200K opinion was mine alone and one I believe based upon data and familiarity with the area. Worst case scenario you’d have a great rental property that cash flowed well in 10 years IMO.

[sdrealtor]

AN
Negotiating well is only half of the equation. The other half is really knowing my market, communicating well with other agents and determining the right time to strike.

4plex,
For the record I never tell my clients about potential capital gains nor would I ever. I told my client it was was close to cash flow and if it went down much further than 250K it would be very appealing to investors strictly on a financial basis. When prices go that low it will be tough to find one with as good a location and potential as this one. It was certainly among the best I’d seen in several years.

What makes me think a 200K gain is possible is that the location was spectacular and a decent remodel after milking it as a rental for 10 to 15 years would create an absolute jewel relative to the area. If I bought it today at the price I wanted, I think I could probably have made about 50K flipping it. I also believe that we will see yet another cycle reach its peak whatever that may be in the next 15 years. The 200K opinion was mine alone and one I believe based upon data and familiarity with the area. Worst case scenario you’d have a great rental property that cash flowed well in 10 years IMO.

[sdrealtor]

AN
Negotiating well is only half of the equation. The other half is really knowing my market, communicating well with other agents and determining the right time to strike.

4plex,
For the record I never tell my clients about potential capital gains nor would I ever. I told my client it was was close to cash flow and if it went down much further than 250K it would be very appealing to investors strictly on a financial basis. When prices go that low it will be tough to find one with as good a location and potential as this one. It was certainly among the best I’d seen in several years.

What makes me think a 200K gain is possible is that the location was spectacular and a decent remodel after milking it as a rental for 10 to 15 years would create an absolute jewel relative to the area. If I bought it today at the price I wanted, I think I could probably have made about 50K flipping it. I also believe that we will see yet another cycle reach its peak whatever that may be in the next 15 years. The 200K opinion was mine alone and one I believe based upon data and familiarity with the area. Worst case scenario you’d have a great rental property that cash flowed well in 10 years IMO.

[sdrealtor]

AN
Negotiating well is only half of the equation. The other half is really knowing my market, communicating well with other agents and determining the right time to strike.

4plex,
For the record I never tell my clients about potential capital gains nor would I ever. I told my client it was was close to cash flow and if it went down much further than 250K it would be very appealing to investors strictly on a financial basis. When prices go that low it will be tough to find one with as good a location and potential as this one. It was certainly among the best I’d seen in several years.

What makes me think a 200K gain is possible is that the location was spectacular and a decent remodel after milking it as a rental for 10 to 15 years would create an absolute jewel relative to the area. If I bought it today at the price I wanted, I think I could probably have made about 50K flipping it. I also believe that we will see yet another cycle reach its peak whatever that may be in the next 15 years. The 200K opinion was mine alone and one I believe based upon data and familiarity with the area. Worst case scenario you’d have a great rental property that cash flowed well in 10 years IMO.

[surveyor]

$200k gain

A 4% appreciation rate over 15 years can add up to about $200k, so I don’t think a $200k capital gain is totally unreasonable.

SD R, the property is Huntsville is doing pretty well so far. It’s still too early yet, we just closed on January.

[surveyor]

$200k gain

A 4% appreciation rate over 15 years can add up to about $200k, so I don’t think a $200k capital gain is totally unreasonable.

SD R, the property is Huntsville is doing pretty well so far. It’s still too early yet, we just closed on January.

[surveyor]

$200k gain

A 4% appreciation rate over 15 years can add up to about $200k, so I don’t think a $200k capital gain is totally unreasonable.

SD R, the property is Huntsville is doing pretty well so far. It’s still too early yet, we just closed on January.

[surveyor]

$200k gain

A 4% appreciation rate over 15 years can add up to about $200k, so I don’t think a $200k capital gain is totally unreasonable.

SD R, the property is Huntsville is doing pretty well so far. It’s still too early yet, we just closed on January.

[Author]

Posts