Category: Eastern CT Lessons
The Effect of Appreciation on Uncasville, CT Real Estate Deals
January 5th, 2009We just had a researcher submit some very basic information about a house for sale in Uncasville 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 Eastern Connecticut, Connecticut Real Estate Resources is located at 16 Holly Hill Dr, Uncasville, CT 06353.
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: 5.4% | |
| At Purchase | $189,720 |
| Year 1 | $199,965 |
| Year 2 | $210,763 |
| Year 3 | $222,144 |
| Year 4 | $234,140 |
| Year 5 | $246,784 |
| Year 6 | $260,110 |
| Year 7 | $274,156 |
| Year 8 | $288,960 |
| Year 9 | $304,564 |
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 $304,564 after 10 years.
Do you know how to use direct mail to find and/or market great deals in Eastern Connecticut? You might be interested in learning time-saving strategies for getting the most out of this powerful marketing medium with Jassen's audio CD: Buying Houses with USPS Post Cards. Learn the difference between one and two step marketing and more on this super informative CD.
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!
Plainfield Deal: $65.30 Per Square Foot
January 3rd, 2009We just had a researcher submit some very basic information about a house for sale in Plainfield 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 Eastern Connecticut, Connecticut Real Estate Resources is located at 9 Pond St, Plainfield, CT 06354.
Let's look at this 4 bedroom, 1.00 bathroom property located at 9 Pond St that has an asking price of $90,900.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $109,080 (120%) | $78.36/square foot |
| $104,535 (115%) | $75.10/square foot |
| $99,990 (110%) | $71.83/square foot |
| $95,445 (105%) | $68.57/square foot |
| $90,900 Full Price | $65.30/square foot |
| $86,355 (95%) | $62.04/square foot |
| $81,810 (90%) | $58.77/square foot |
| $77,265 (85%) | $55.51/square foot |
| $72,720 (80%) | $52.24/square foot |
As you can see from the table above, if you know what a typical Plainfield 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.
There is one thing that every investor could use more of: motivated sellers. The question is, do you want to do the chasing or do you want to be chased? Find out some secrets to getting motivated sellers in Eastern Connecticut calling you, already eager to do business with you in Jassen's audio CD called Magnetic Motivated Seller Attraction Real Estate Investing.
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!
Plainfield Price Per Bedroom Analysis on Plainfield, CT Real Estate Deal
January 1st, 2009I want to share with you some information about a property in Plainfield located at 26 Suzie 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.
Since this 3 bedroom, 1.00 bathroom property has an asking price of $149,900, 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 |
| $179,880 (120%) | $59,960/bedroom |
| $172,385 (115%) | $57,462/bedroom |
| $164,890 (110%) | $54,963/bedroom |
| $157,395 (105%) | $52,465/bedroom |
| $149,900 Full Price | $49,967/bedroom |
| $142,405 (95%) | $47,468/bedroom |
| $134,910 (90%) | $44,970/bedroom |
| $127,415 (85%) | $42,472/bedroom |
| $119,920 (80%) | $39,973/bedroom |
As you can see from the table above, if you know that rents in Plainfield 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.
If you want to be notified via e-mail when we do our full deal analysis on deals for the Eastern Connecticut, Connecticut Real Estate Resources website, you can sign up for our Priority Deal Notification service (and receive a free real estate course download).
Keep on investing Eastern Connecticut,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Jewett City Deal: $69,950 Per Bedroom
December 30th, 2008I want to share with you some information about a property in Jewett City located at 42 Anthony 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 2/2.00 960 square foot property has an asking price of $139,900, 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 |
| $167,880 (120%) | $83,940/bedroom |
| $160,885 (115%) | $80,443/bedroom |
| $153,890 (110%) | $76,945/bedroom |
| $146,895 (105%) | $73,448/bedroom |
| $139,900 Full Price | $69,950/bedroom |
| $132,905 (95%) | $66,453/bedroom |
| $125,910 (90%) | $62,955/bedroom |
| $118,915 (85%) | $59,458/bedroom |
| $111,920 (80%) | $55,960/bedroom |
As you can see from the table above, if you know that rents in Jewett City 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 Eastern Connecticut? 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
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Groton Distressed Property: $145.83 Per Square Foot
December 13th, 2008We just had a researcher submit some very basic information about a house for sale in Groton 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 Eastern Connecticut, Connecticut Real Estate Resources is located at 128 N St #28, Groton, CT 06340.
I am going to do do some calculations on this Groton property. It is a 2 bedroom, 2.00 bathroom property located at 128 N St #28 that has an asking price of $140,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $168,000 (120%) | $175.00/square foot |
| $161,000 (115%) | $167.71/square foot |
| $154,000 (110%) | $160.42/square foot |
| $147,000 (105%) | $153.13/square foot |
| $140,000 Full Price | $145.83/square foot |
| $133,000 (95%) | $138.54/square foot |
| $126,000 (90%) | $131.25/square foot |
| $119,000 (85%) | $123.96/square foot |
| $112,000 (80%) | $116.67/square foot |
As you can see from the table above, if you know what a typical Groton 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, have you ever heard of the concept of masterminding? Did you know that you can use it to improve your real estate investing in Eastern Connecticut? Why not start a local investor group, or even better, form your own national real estate mastermind group and watch your investing knowledge and savvy grow immensely.
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!
1.9% Appreciation in Ledyard?
December 12th, 2008We just had a researcher submit some very basic information about a house for sale in Ledyard 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 Eastern Connecticut, Connecticut Real Estate Resources is located at 16 N Lakeside Dr, Ledyard, CT 06339.
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: 1.9% | |
| At Purchase | $78,412 |
| Year 1 | $79,902 |
| Year 2 | $81,420 |
| Year 3 | $82,967 |
| Year 4 | $84,543 |
| Year 5 | $86,150 |
| Year 6 | $87,787 |
| Year 7 | $89,454 |
| Year 8 | $91,154 |
| Year 9 | $92,886 |
As you can see from the table above, if we assume an appreciation rate of 1.9% per year, then the property value eventually reaches $92,886 after 10 years.
You probably already know how important talking to motivated sellers in Ledyard is to your success as an investor. Without motivated sellers, it's hard to find good deals to invest in. But do you know what you need to say and ask your sellers when you get them on the phone? If you'd like to see what we do, check out our initial call back script to better hone your own skill-set.
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!
East Hartford Distressed Property: $39,000 Per Bedroom
December 10th, 2008Here's another East Hartford property that was submitted by a user that we will use as a teaching tool for our Eastern Connecticut, Connecticut Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 10 Gould Dr, East Hartford, CT 06118.
Since this 3 bedroom, 1.00 bathroom property has an asking price of $117,000, 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 |
| $140,400 (120%) | $46,800/bedroom |
| $134,550 (115%) | $44,850/bedroom |
| $128,700 (110%) | $42,900/bedroom |
| $122,850 (105%) | $40,950/bedroom |
| $117,000 Full Price | $39,000/bedroom |
| $111,150 (95%) | $37,050/bedroom |
| $105,300 (90%) | $35,100/bedroom |
| $99,450 (85%) | $33,150/bedroom |
| $93,600 (80%) | $31,200/bedroom |
As you can see from the table above, if you know that rents in East Hartford 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 looking for more ways to find deals? If your marketing arsenal is feeling a little depleted, check out Jassen's CD on Buying Houses with Oversize Post Cards. Knowing and implementing more methods to find deals in Eastern Connecticut can only improve your investing business.
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!
Voluntown Housing: $49.34 Per Square Foot
November 17th, 2008We just had a researcher submit some very basic information about a house for sale in Voluntown 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 Eastern Connecticut, Connecticut Real Estate Resources is located at 89 Lillibridge Ave, Voluntown, CT 06384.
This 3/1.00 1,216 square foot property has an asking price of $60,000, 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 |
| $72,000 (120%) | $59.21/square foot |
| $69,000 (115%) | $56.74/square foot |
| $66,000 (110%) | $54.28/square foot |
| $63,000 (105%) | $51.81/square foot |
| $60,000 Full Price | $49.34/square foot |
| $57,000 (95%) | $46.88/square foot |
| $54,000 (90%) | $44.41/square foot |
| $51,000 (85%) | $41.94/square foot |
| $48,000 (80%) | $39.47/square foot |
As you can see from the table above, if you know what a typical Voluntown 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 know how to use direct mail to find and/or market great deals in Eastern Connecticut? You might be interested in learning time-saving strategies for getting the most out of this powerful marketing medium with Jassen's audio CD: Buying Houses with USPS Post Cards. Learn the difference between one and two step marketing and more on this super informative CD.
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!