Category: Buffalo Lessons
Buffalo Discounted Property: $17.68 Per Square Foot
January 6th, 2009We just had a researcher submit some very basic information about a house for sale in Buffalo 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 Buffalo, New York Real Estate Resources is located at 224 Newfield St, Buffalo, NY 14207.
This 3/1.00 1,188 square foot property has an asking price of $21,000, 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 |
| $25,200 (120%) | $21.21/square foot |
| $24,150 (115%) | $20.33/square foot |
| $23,100 (110%) | $19.44/square foot |
| $22,050 (105%) | $18.56/square foot |
| $21,000 Full Price | $17.68/square foot |
| $19,950 (95%) | $16.79/square foot |
| $18,900 (90%) | $15.91/square foot |
| $17,850 (85%) | $15.03/square foot |
| $16,800 (80%) | $14.14/square foot |
As you can see from the table above, if you know what a typical Buffalo 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 224 Newfield St look like a good deal to you? If not, have you used the Offer Generator to see what it would take to make it work? If you could get this property at the right price, how would you go about marketing it?
Sincerely,
James
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Williamsville, NY Real Estate Investing - Price Per Sq Ft Analysis on Williamsville Deal
January 4th, 2009We just had a researcher submit some very basic information about a house for sale in Williamsville 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 Buffalo, New York Real Estate Resources is located at 107 Evans, Williamsville, NY 14221.
I am going to do do some calculations on this Williamsville property. It is a 3 bedroom, 1.00 bathroom property located at 107 Evans that has an asking price of $1,350.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $1,620 (120%) | $1.31/square foot |
| $1,552 (115%) | $1.25/square foot |
| $1,485 (110%) | $1.20/square foot |
| $1,418 (105%) | $1.14/square foot |
| $1,350 Full Price | $1.09/square foot |
| $1,283 (95%) | $1.03/square foot |
| $1,215 (90%) | $0.98/square foot |
| $1,148 (85%) | $0.93/square foot |
| $1,080 (80%) | $0.87/square foot |
As you can see from the table above, if you know what a typical Williamsville 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.
If you had the chance to get out some really great and effective marketing for FREE, wouldn't you do it? Find out one of the techniques we employ to use FREE MARKETING here: Buying Houses with Flyers. There are plenty of deals in the Buffalo area, but, who's going to find them - you - or that other guy?
Until next time,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Buffalo Deal: $3,000 Per Bedroom
January 2nd, 2009Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 111 Esser Ave, Buffalo, NY 14207.
Since this 4 bedroom, 1.00 bathroom property has an asking price of $12,000, 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 |
| $14,400 (120%) | $3,600/bedroom |
| $13,800 (115%) | $3,450/bedroom |
| $13,200 (110%) | $3,300/bedroom |
| $12,600 (105%) | $3,150/bedroom |
| $12,000 Full Price | $3,000/bedroom |
| $11,400 (95%) | $2,850/bedroom |
| $10,800 (90%) | $2,700/bedroom |
| $10,200 (85%) | $2,550/bedroom |
| $9,600 (80%) | $2,400/bedroom |
As you can see from the table above, if you know that rents in Buffalo 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.
By the way, have you considered marketing to absentee owners who own property in Buffalo but don't live in Buffalo? This can be a great way to find good deals from motivated sellers. For some tips on how to get started, check out the Absentee Owner Postcards page on the Real Estate Investor Cookbook.
Sincerely,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Buffalo Deal: $2,500 Per Bedroom
December 31st, 2008Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 157 Zenner, Buffalo, NY 14211.
Since this 4 bedroom, 2.00 bathroom property has an asking price of $9,999, 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 |
| $11,999 (120%) | $3,000/bedroom |
| $11,499 (115%) | $2,875/bedroom |
| $10,999 (110%) | $2,750/bedroom |
| $10,499 (105%) | $2,625/bedroom |
| $9,999 Full Price | $2,500/bedroom |
| $9,499 (95%) | $2,375/bedroom |
| $8,999 (90%) | $2,250/bedroom |
| $8,499 (85%) | $2,125/bedroom |
| $7,999 (80%) | $2,000/bedroom |
As you can see from the table above, if you know that rents in Buffalo 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.
By the way, we do have a great deal analysis audio CD where Jassen teaches exactly how to look at Buffalo real estate deals. It's called 3 Ways to Analyze Deals for Real Estate Investors. In that audio CD and members only password protected website Jassen goes into neighborhood selection criteria and how to select your own neighborhoods, buying houses cash and the formulas we use for structuring offers that way, buying houses subject to the existing financing where you agree to make payments on the sellers existing loans and the offer formulas we use for those plus much more. We even include our Net Operating Income Worksheet for making those offers as well.
Until next time,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
What Would a 1.4% Appreciation Rate in Buffalo Mean?
December 29th, 2008Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 163 Keystone, Buffalo, NY 14211.
In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.
| Years From Now | Value |
| Assumed Appreciation Rate: 1.4% | |
| At Purchase | $7,098 |
| Year 1 | $7,197 |
| Year 2 | $7,298 |
| Year 3 | $7,400 |
| Year 4 | $7,504 |
| Year 5 | $7,609 |
| Year 6 | $7,715 |
| Year 7 | $7,824 |
| Year 8 | $7,933 |
| Year 9 | $8,044 |
As you can see from the table above, if we assume an appreciation rate of 1.4% per year, then the property value eventually reaches $8,044 after 10 years.
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!
Buffalo Deal: $7.68 Per Square Foot
December 28th, 2008Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 107 Forman St, Buffalo, NY 14211.
I am going to do do some calculations on this Buffalo property. It is a 6 bedroom, 2.00 bathroom property located at 107 Forman St that has an asking price of $21,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $25,200 (120%) | $9.22/square foot |
| $24,150 (115%) | $8.83/square foot |
| $23,100 (110%) | $8.45/square foot |
| $22,050 (105%) | $8.07/square foot |
| $21,000 Full Price | $7.68/square foot |
| $19,950 (95%) | $7.30/square foot |
| $18,900 (90%) | $6.91/square foot |
| $17,850 (85%) | $6.53/square foot |
| $16,800 (80%) | $6.14/square foot |
As you can see from the table above, if you know what a typical Buffalo 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.
Do you want to get a bigger paycheck when you buy your next rental property in Buffalo? If yes, you might be interested in the strategies shared on Jassen's CD Get Paid To Buy Houses - Collect Cash at Closing.
Until next time,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Buffalo Housing: $54.35 Per Square Foot
December 27th, 2008Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 9 Colton St, Buffalo, NY 14206.
Let's take a closer look at some calculations for this 3 bedroom, 2.00 bathroom property located at 9 Colton St that has an asking price of $70,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $84,000 (120%) | $65.22/square foot |
| $80,500 (115%) | $62.50/square foot |
| $77,000 (110%) | $59.78/square foot |
| $73,500 (105%) | $57.07/square foot |
| $70,000 Full Price | $54.35/square foot |
| $66,500 (95%) | $51.63/square foot |
| $63,000 (90%) | $48.91/square foot |
| $59,500 (85%) | $46.20/square foot |
| $56,000 (80%) | $43.48/square foot |
As you can see from the table above, if you know what a typical Buffalo 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.
Keep on investing Buffalo,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Buffalo Real Estate Deal: $71.43 Per Square Foot
December 24th, 2008I want to share with you some information about a property in Buffalo located at 57 John Brian Ln. 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.
Let's take a closer look at some calculations for this 3 bedroom, 1.00 bathroom property located at 57 John Brian Ln that has an asking price of $72,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $86,400 (120%) | $85.71/square foot |
| $82,800 (115%) | $82.14/square foot |
| $79,200 (110%) | $78.57/square foot |
| $75,600 (105%) | $75.00/square foot |
| $72,000 Full Price | $71.43/square foot |
| $68,400 (95%) | $67.86/square foot |
| $64,800 (90%) | $64.29/square foot |
| $61,200 (85%) | $60.71/square foot |
| $57,600 (80%) | $57.14/square foot |
As you can see from the table above, if you know what a typical Buffalo 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.
Would you like some extra help sorting and sifting through deals to find your next worthwhile investment property? If you know what to look (and ask) for, you can increase your pool of potential deals by working with an investor friendly realtor in Buffalo.
Sincerely,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!