Seabrook Deal: $123.08 Per Square Foot
November 19th, 2008We just had a researcher submit some very basic information about a house for sale in Seabrook 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 New Hampshire Real Estate Resources is located at 10 Laura Ln, Seabrook, NH 03874.
Let's take a closer look at some calculations for this 3 bedroom, 2.00 bathroom property located at 10 Laura Ln that has an asking price of $172,800.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $207,360 (120%) | $147.69/square foot |
| $198,720 (115%) | $141.54/square foot |
| $190,080 (110%) | $135.38/square foot |
| $181,440 (105%) | $129.23/square foot |
| $172,800 Full Price | $123.08/square foot |
| $164,160 (95%) | $116.92/square foot |
| $155,520 (90%) | $110.77/square foot |
| $146,880 (85%) | $104.62/square foot |
| $138,240 (80%) | $98.46/square foot |
As you can see from the table above, if you know what a typical Seabrook 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.
Does the potential deal at 10 Laura Ln look like it will cash flow for the asking price of $172,800? Do you know how to analyze cash flow for your own deals in Seabrook, and how to maximize cash flow from every real estate transaction that you do? Learn pointers on how to improve your cash flow during every step of the investing process: from negotiating to buy, managing your rentals, structuring lease options, to doing fix and flips, in the audio CD titled Cash Flow Junkie - Wake Up Money For Real Estate.
Keep on investing New Hampshire,
James
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Tracking Your Rentals - The Importance of Monitoring Your Escrow Accounts
November 18th, 2008Unless you own all of your rental properties free and clear, chances are that you have some escrow accounts with your lenders. These escrow accounts are fed every month from your mortgage payments and this money is supposed to be used by the bank to pay your annual property taxes and insurance premiums. While it is tempting to let this system run on autopilot, you really shouldn't rely on your bank to get this right. Banks do make mistakes, some more frequently than others. While I personally may just have bad luck, I have had more than my fair share of challenges with different banks messing up my insurance payments over the years.
Of all the bizarre things that I have seen happen to my escrow accounts over the years, recently one of my lenders paid someone else's premium from my escrow account. Needless to say, after receiving telephone confirmation that this issue has been resolved, I am monitoring my escrow account very closely to make sure that the premium is returned to my account.
Most of the time though, when your bank messes up, it is just an annoyance that requires some extra time on the phone.
Here are some of the things that can go wrong when your bank doesn't pay your insurance premiums:
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Raymond, NH Real Estate Investing - Price Per Sq Ft Analysis on Raymond Deal
November 18th, 2008I want to share with you some information about a property in Raymond located at 19 Evelyn Ave. 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.
This 3/2.00 1,566 square foot property has an asking price of $117,000, 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 |
| $140,400 (120%) | $89.66/square foot |
| $134,550 (115%) | $85.92/square foot |
| $128,700 (110%) | $82.18/square foot |
| $122,850 (105%) | $78.45/square foot |
| $117,000 Full Price | $74.71/square foot |
| $111,150 (95%) | $70.98/square foot |
| $105,300 (90%) | $67.24/square foot |
| $99,450 (85%) | $63.51/square foot |
| $93,600 (80%) | $59.77/square foot |
As you can see from the table above, if you know what a typical Raymond 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.
By the way, are you considering getting involved in wholesaling in your local New Hampshire market? You may want to check out Jassen's CD: Wholesaling Volume 2: Targeting Your Wholesale Properties where you will learn about how to select neighborhoods and choose which deals to do, among many other useful topics.
Until my next post,
James
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Buying Down Interest Rates For Your Buyers Instead of Discounting The Price
November 17th, 2008At our monthly real estate investor meeting last week (here in Northern Colorado), I discussed with the group my preferred strategy for getting a huge marketing advantage to sell houses quickly for full price. This is the strategy I recommend BEFORE deciding to drop the price on your properties. It is especially effective with low interest rates.
Here's how it works. Let's say you are trying to sell a $200,000 home and you'd consider dropping the price $10,000 and selling it for $190,000 to get it sold quickly. Rather than dropping the price $10,000, you might instead consider
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Wholesaling Plan and Real Estate Investor Career Options
November 17th, 2008We've got some very exciting information this week before we head into the Thanksgiving holiday next week.
If you login and play the Learn To Be Rich™ Game this week and complete a full game, besides learning a great deal about business, your finances, investing and real estate, you'll also earn yourself a free real estate course download.
The download for this week is called: Real Estate Mentoring Call Volume #6: Wholesaling Plan and Real Estate Investor Career Options. This audio CD which you can download as MP3 audio files, will help you learn about a plan for wholesaling real estate for immediate income as a real estate investor and go over some of the options you have available to you as a real estate investor considering investing as a career.
Just login, start and finish a new game and on the End of Game Summary page, you will see a link to download the course. The link will disappear at the end of the week, so download it now.
Or, if you'd rather not play the game this week, but see the value in the real estate course, you can order a physical CD and have it rushed to you by using the order link below.
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!
