Ron Molcho's (ronmolcho) Blog

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Real Estate Broker Owner - American Homes of S.I.
RECENT BLOG POSTS
I need to vent ! This has now happened to me 2 straight weekends. A potential buyer looking for a move in condition home emails me back and forth for a few days.After numerous searches we decide on 3 houses that fit her criteria. All 3 homes are listed in "excellent condition". When we get to the...
Posted about 6 years ago
I remember the days when you took a customer out,showed a house,and the next step was to roll with the paperwork .(once they found a house that fit their needs.)Today I find myself having my customers sit w/ a lender first and get a pre-approval (not a pre-qual)awaiting appraisal prior to even sc...
Posted about 6 years ago
I met with a potential client yesterday .He purchased his home 3 years ago for $560k.I noticed the FSBO sign at the corner was worn and weather beaten. I had run comps and prepared a CMA.My opinion was the house is worth 470k-490k.When we began discussing the possible sale I brought to his attent...
Posted about 6 years ago
At the begining of every year I reflect back to see what I could have done to generate more business.This weekend I was working w/ a handful of customers and clients.I found myself engaged in numerous conversations about the current market conditions.Discussing my customers mortgage needs and whi...
Posted about 6 years ago
STEP 6 FINANCING THE UNFINANCABLELETS SAY YOU COME ACROSS A WONDERFUL OPPORTUNITY TO PURCHASE A HOME THAT IS IN SUCH A DISTRESSED CONDITION, THAT IT'S NOT MORTGAGABLE.YOUR FINANCES MIGHT NOT ALLOW YOU TO PURCHASE ALL CASH .WELL, THERE ARE OPTIONS,SOME MORE COSTLY THAN OTHERS .THIS DIAMOND WAITING...
Posted about 6 years ago
STEP 5  ASSESSING THE WORK ON THOSE UGLY HOUSES.I AM A STRONG BELIEVER IN DELIVERING A QUALITY PRODUCT AT RESALE.ASSESSING THE AMOUNT OF WORK AND MATERIALS TO USE CAN BE TRICKY. START BY LOOKING AT THE NEIGHBORHOOD YOU PURCHASED YOUR FLIP IN. DO THE HOUSES HAVE VINYL SIDING? ARE THEY STONE AND ST...
Posted about 6 years ago
STEP 4RISK VS. REWARDSPECULATING(FLIPPING) REAL ESTATE HAS MANY REWARDS.WHEN I FIRST GOT IN THE BUSINESS I HAD VISIONS OF MAKING A MILLION DOLLARS THE FIRST YEAR. I HAD NO IDEA OF THE AMOUNT OF WORK IT TOOK JUST TO SEE ONE HOUSE THROUGH CLOSING. IT IS TRUE THAT THERE IS A LOT OF MONEY TO BE EARNE...
Posted about 6 years ago
STEP 3 THE NUMBERS NEVER LIEWE HAVE ALL SEEN THOSE T.V PROGRAMS THAT GLAMOURIZE FLIPPING.I WISH IT WAS SO EASY THAT EACH AND EVERY HOUSE THAT WAS PURCHASED WITH INTENT TO FLIP  YIELDED SUCH A LARGE MARGIN. INVESTING REQUIRES LOTS OF DUE DILIGENCE DON'T BE FOOLED INTO THINKNG ITS FOR EVERYONE.HERE...
Posted about 6 years ago
STEP 2PICKING A DEAL FROM A DUD.THE SEARCH IS ON LOOKING FOR THAT PERFECT FLIP!!! DECIDE ON A  TARGET AREA THAT INTERESTS YOU.DO SOME DRIVING(LOTS OF DRIVING) THROUGH THE NEIGHBORHOOD.ALL THE WHILE LOOKING SIDE TO SIDE FOR  HOUSES THAT ARE DISTRESSED,MAYBE AN OVERGROWN LAWN,BOARDED UP WINDOWS(YOU...
Posted about 6 years ago
 FLIP TO WIN!A STEP BY STEP APPROACH OF WHAT YOU NEED TO KNOW WHEN BUYING TO FLIP. IN THE PAST 10 YEARS THERE HAS BEEN A FLOOD OF NEW INVESTORS WANTING TO BECOME INVOLVED IN SPECULATING REAL ESTATE. DURING THE COURSE OF THE NEXT WEEK , I WANT TO SHARE SOME IDEAS, SUGGESTIONS,AND CONCERNS ON HOW T...
Posted about 6 years ago
Rainer
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Ron Molcho

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