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ritter1and2

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About ritter1and2

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  1. Hey Jonathan, I think your CL ad is very, very cool. Would you help me learn something new today? Just curious where you look for background pictures? Google images, or paid sites? Then how do you import your picture and text, picasa, GIMP, or something fancy (and expensive) such as photoshop? A very sincere THANK YOU for all of the help you have given on this board! Steve P.S. Now that the ad has been running a few weeks, what are the early results?
  2. Hello everyone! I was marketing to listed houses (letter to homeowner) and got a call yesterday from the listing agent. She didn't sound mad on the voicemail she left, so after doing some research on the house, I returned the call this morning. I haven't been in the house, and all the pictures on the listing were exterior, but here is what I believe to be true so far.... 3 bed 2.5 bath 2 car carport 2519 s.f. (2 story) Built in 1964 (owned by original family) 1.43 acres on lake Days On Market: 371 Original List Price: $455,000 Current List Price: $319,900 The listing agent said the owner was open to a lease option, but that the house needed "extensive renovation", so a L/O probably wasn't going to work. ME: Sooooo.....how much are we talking about? HER: Oh...about $100,000 ME: HOLY SHI.....(to myself) Then the house must be vacant... HER: Hey, he's still talking to me after that bomb...(to herself) No, the owner still lives there. Value? hard to say. The area is full of large lots, some on the lake, some not, and each house is very unique. Obviously most of the value here is in the land. For what it's "worth", the tax assessor's office has the market value and assessed value at about 278k. 90k for the house, and 188k for the land. I know from previous posts that houses that need paint/carpet/updates are great for a CA, but what about a house like this? Any ideas on how to structure 1 or more offers? I have my own ideas, but would really appreciate input from others. Thank you!
  3. Hello Michael C, I received the manual a few weeks ago and the information and forms are awesome. I have also been reading the forum almost every day and even with the search feature, WOW, that's a lot of information! I am trying to avoid any more Paralysis of Analysis so please forgive me if my question(s) have already been addressed. Thanks also for hosting this excellent forum and for giving such great support and humor. And no, this has NOT been a paid advertisement. Hello ALL, I would also like to thank all of you who help others. You are a great group of people to share your time, knowledge and experience. I live near a military base and have been sending emails to FRBO's through militarybyowner.com and militaryfsbo.com. I received this reply last night... "Hello Steve, As much as we would like to sell the house, we can't get out of it what we owe right now apparently. We had it on the market all last year but the market needs to recover a bit for us to sell. The current tenants have decided to sign another year lease, too. Thanks for the interest, though. Becky C" Finally, my question. How can we help these fine people in the military and others who bought a house 3 or 4 years ago, now owe more than it is worth, and are renting for what may or may not be years before the market turns around? Is there a CA or SLO solution for these reluctant landlords? I know we can't help everyone, I just wish I could help those who are motivated and are looking for a solution. In a declining market, can we only work with people who have a lot of equity? Would we then use comps from the lower end of the range to put together a CA? Thank you, Another "STEVE"
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