Category: Albany Lessons
5.4% Appreciation in Ravena?
January 9th, 2009I want to share with you some information about a property in Ravena located at 211 Main St. 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.
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: 5.4% | |
| At Purchase | $100,130 |
| Year 1 | $105,537 |
| Year 2 | $111,236 |
| Year 3 | $117,243 |
| Year 4 | $123,574 |
| Year 5 | $130,247 |
| Year 6 | $137,280 |
| Year 7 | $144,693 |
| Year 8 | $152,507 |
| Year 9 | $160,742 |
As you can see from the table above, if we assume an appreciation rate of 5.4% per year, then the property value eventually reaches $160,742 after 10 years.
Sorting through deals, like this one at 211 Main St, is only part of what you need to do to be a successful investor. A very powerful way to learn about many of the other things you need to know as an investor - like how to structure your deals, market them and creatively purchase and sell them - is to mastermind with other investors. If you don't have a local investor group in Albany, then you may want to consider forming a national real estate investor mastermind group to help you learn and grow as an investor.
Sincerely,
James
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Albany Price Per Bedroom Analysis on Albany, NY Real Estate Deal
January 2nd, 2009I want to share with you some information about a property in Albany located at 12 S Dove St. 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 4/2.00 2,044 square foot property has an asking price of $15,000, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Bedroom |
| $18,000 (120%) | $4,500/bedroom |
| $17,250 (115%) | $4,313/bedroom |
| $16,500 (110%) | $4,125/bedroom |
| $15,750 (105%) | $3,938/bedroom |
| $15,000 Full Price | $3,750/bedroom |
| $14,250 (95%) | $3,563/bedroom |
| $13,500 (90%) | $3,375/bedroom |
| $12,750 (85%) | $3,188/bedroom |
| $12,000 (80%) | $3,000/bedroom |
As you can see from the table above, if you know that rents in Albany 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.
Have you been trying to break into the real estate business, but have little or no money to invest? If you have time and persistence, you may find some really useful strategies in Jassen's CD Cash For Deals: Investing In Real Estate When You Have No Money. Don't miss out on the exciting real estate market in the Albany area because of your spare cash shortage!
Until my next post,
James
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Albany Deal: $80.97 Per Square Foot
December 10th, 2008Here's another Albany property that was submitted by a user that we will use as a teaching tool for our Albany, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 13 Benson St, Albany, NY 12206.
Let's take a closer look at some calculations for this 3 bedroom, 1.50 bathroom property located at 13 Benson St that has an asking price of $114,900.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $137,880 (120%) | $97.17/square foot |
| $132,135 (115%) | $93.12/square foot |
| $126,390 (110%) | $89.07/square foot |
| $120,645 (105%) | $85.02/square foot |
| $114,900 Full Price | $80.97/square foot |
| $109,155 (95%) | $76.92/square foot |
| $103,410 (90%) | $72.88/square foot |
| $97,665 (85%) | $68.83/square foot |
| $91,920 (80%) | $64.78/square foot |
As you can see from the table above, if you know what a typical Albany 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.
You may also be interested in learning about how to systematically get your houses sold with Jassen's CD Selling Houses Under Contract. In it he will go through a checklist that will facilitate a timely sale of the Albany houses that you've tied up and are ready to be cashed out of.
Sincerely,
James
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Rensselaer Price Per Square Foot Analysis on Rensselaer, NY Real Estate Deal
December 8th, 2008Here's another Rensselaer property that was submitted by a user that we will use as a teaching tool for our Albany, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 341 South St, Rensselaer, NY 12144.
I am going to do do some calculations on this Rensselaer property. It is a 3 bedroom, 1.00 bathroom property located at 341 South St that has an asking price of $135,900.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $163,080 (120%) | $135.90/square foot |
| $156,285 (115%) | $130.24/square foot |
| $149,490 (110%) | $124.58/square foot |
| $142,695 (105%) | $118.91/square foot |
| $135,900 Full Price | $113.25/square foot |
| $129,105 (95%) | $107.59/square foot |
| $122,310 (90%) | $101.93/square foot |
| $115,515 (85%) | $96.26/square foot |
| $108,720 (80%) | $90.60/square foot |
As you can see from the table above, if you know what a typical Rensselaer 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.
So you've found some promising motivated seller leads, and now all you have to do is talk your way through the deal. But this part is easier said then done for most of us until we've had plenty of practice. Listen in to some role playing as Jassen shows you what to ask and when as you talk to your motivated seller prospects. Don't let your local Albany marketing go to waste! Learn the follow-up skills you will need to close deals. Check out Volume 1 here: How to Talk To Motivated Sellers: Role Playing Volume #1.
Keep on investing Albany,
James
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Albany Distressed Property: $24,950 Per Bedroom
November 29th, 2008I want to share with you some information about a property in Albany located at 561 First St. 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 2 bedroom, 1.00 bathroom property has an asking price of $49,900, 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 |
| $59,880 (120%) | $29,940/bedroom |
| $57,385 (115%) | $28,692/bedroom |
| $54,890 (110%) | $27,445/bedroom |
| $52,395 (105%) | $26,198/bedroom |
| $49,900 Full Price | $24,950/bedroom |
| $47,405 (95%) | $23,703/bedroom |
| $44,910 (90%) | $22,455/bedroom |
| $42,415 (85%) | $21,208/bedroom |
| $39,920 (80%) | $19,960/bedroom |
As you can see from the table above, if you know that rents in Albany 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 growing your portfolio with long-term rental properties? If yes, then you probably already know that managing rentals can be a real headache at times. How do you pre-screen tenants, deal with repairs, evictions, vacancies and more? If you're new to the business of landlording, then these questions might make your head spin. 15 Secrets To Easy Landlording is your starting point for learning how to ease the woes of property management and begin reaping greater rewards from your real estate cash cows. Whether you already own rental properties, or are in the market for your first ones, this audio course can greatly benefit you!
Until my next post,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.
Altamont Deal: $41,667 Per Bedroom
November 25th, 2008Here's another Altamont property that was submitted by a user that we will use as a teaching tool for our Albany, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 667 St Rt 146, Altamont, NY 12009.
This 3/2.00 1,488 square foot property has an asking price of $125,000, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Bedroom |
| $150,000 (120%) | $50,000/bedroom |
| $143,750 (115%) | $47,917/bedroom |
| $137,500 (110%) | $45,833/bedroom |
| $131,250 (105%) | $43,750/bedroom |
| $125,000 Full Price | $41,667/bedroom |
| $118,750 (95%) | $39,583/bedroom |
| $112,500 (90%) | $37,500/bedroom |
| $106,250 (85%) | $35,417/bedroom |
| $100,000 (80%) | $33,333/bedroom |
As you can see from the table above, if you know that rents in Altamont 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 Altamont. 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.
Keep on investing Albany,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.
$23,300 Per Bedroom in Albany
November 21st, 2008Here's another Albany property that was submitted by a user that we will use as a teaching tool for our Albany, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 340 Sheridan Ave, Albany, NY 12206.
Since this 3 bedroom, 2.00 bathroom property has an asking price of $69,900, 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 |
| $83,880 (120%) | $27,960/bedroom |
| $80,385 (115%) | $26,795/bedroom |
| $76,890 (110%) | $25,630/bedroom |
| $73,395 (105%) | $24,465/bedroom |
| $69,900 Full Price | $23,300/bedroom |
| $66,405 (95%) | $22,135/bedroom |
| $62,910 (90%) | $20,970/bedroom |
| $59,415 (85%) | $19,805/bedroom |
| $55,920 (80%) | $18,640/bedroom |
As you can see from the table above, if you know that rents in Albany 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.
Where do you go and what kind of marketing do you put out to find truly motivated sellers in Albany? There are many ways to get your message out, and while every investor doesn't need to employ every method, it pays to know what they all are. Most investors have never considered Buying Houses using Broadcast Media, but it may be worth your while to see what this type of marketing entails and what kind of return you might expect to see from employing it.
Sincerely,
James
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$9.47 per sq ft in Albany
November 19th, 2008Here's another Albany property that was submitted by a user that we will use as a teaching tool for our Albany, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 350 1st St, Albany, NY 12206.
Let's look at this 4 bedroom, 2.00 bathroom property located at 350 1st St that has an asking price of $15,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $18,000 (120%) | $11.36/square foot |
| $17,250 (115%) | $10.89/square foot |
| $16,500 (110%) | $10.42/square foot |
| $15,750 (105%) | $9.94/square foot |
| $15,000 Full Price | $9.47/square foot |
| $14,250 (95%) | $9.00/square foot |
| $13,500 (90%) | $8.52/square foot |
| $12,750 (85%) | $8.05/square foot |
| $12,000 (80%) | $7.58/square foot |
As you can see from the table above, if you know what a typical Albany 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.
As a real estate investor, I bet that you're looking for really good deals in the Albany area. But, how is your marketing knowledge? Are you employing what you know or do you need to educate yourself? A good place to start would be Jassen's CD on Direct Response Marketing for Real Estate Investors. In it he runs through a lot of marketing basics to get you on solid footing for your real estate investing business.
Keep on investing Albany,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.