Archives for: November 2008, 14
$8.28 per sq ft in Cedar Rapids
November 14th, 2008Here's another Cedar Rapids property that was submitted by a user that we will use as a teaching tool for our Cedar Rapids, Iowa Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 721 F Ave NW, Cedar Rapids, IA 52405.
Let's look at this 3 bedroom, 1.00 bathroom property located at 721 F Ave NW that has an asking price of $14,399.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $17,279 (120%) | $9.93/square foot |
| $16,559 (115%) | $9.52/square foot |
| $15,839 (110%) | $9.10/square foot |
| $15,119 (105%) | $8.69/square foot |
| $14,399 Full Price | $8.28/square foot |
| $13,679 (95%) | $7.86/square foot |
| $12,959 (90%) | $7.45/square foot |
| $12,239 (85%) | $7.03/square foot |
| $11,519 (80%) | $6.62/square foot |
As you can see from the table above, if you know what a typical Cedar Rapids 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.
Consider this: if you receive two advertisements in the mail - one that has been mass produced and one that appears to be written by hand - which are you more likely to read? Well...if you'd like your marketing message to come into the hands of potentially motivated sellers with this same advantage over the rest of the stuff they get in their mailbox everyday, then you need to check out Jassen's Audio CD Buying Houses with Hand Written Letters. The team at Cedar Rapids, Iowa Real Estate Resources has used this technique many times in several diffent markets - trust us - it works.
Keep on investing Cedar Rapids,
James
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Renting To Tenants With Dogs - What You Should Know About Your Liability
November 14th, 2008Did you know that dog bites make up one-third of all homeowner insurance liability claims? I just read this alarming tidbit in the November issue of the AAA newsletter. If you are a landlord who rents to tenants with dogs, then this statistic should give you pause.
Many insurance companies won't cover liability for dog bites for your rental policy. Depending on the state that you live in, it is not clear that your tenant can get personal liability insurance to cover dog bites either.
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