Edward Mehnert's (theshadow7478) Blog

This was posted by one of our Dallas franchises.  Was wondering if anyone in the Philadelphia market is experiencing similar situations. Some interesting things happening in our sweet spot. There are first time homebuyers getting turned away from foreclosures (REOs) as their first home because th...

An associate asked me how much I work.  My answer was I work 7 days a week but not8 hours each day.  Am I working if I am at home in boxers running comps?  Am I working if I strike up a converstation about Real Estate in line at Dunken Donuts, and get a prospect from it?  Real Estate is part of m...

Excellent opportunity for 1st time buyer or extended family. parquet floor, terrace. 1st & 2nd Floor New Plumbing & New Electrical. Walk To Public Park and Swimming Pool14 rooms 6 bedrooms 3 baths, full finished basement, 3 stoves, 3 refrigerators side by side duplex Asking price 545,000 Taxes 1,...

<>I just started an email marketing campaign.  Contacts database has 135 email addresses or so.  Found out my cable server only allows about 50 recipients at a time.  I had to break the list up into smaller lists.  All in all a pain, but I got them all out.  Sent out an email requesting referrals...

Stewart Manor/Elmont/Floral Park street fair will be held tomorrow, with a rain date of Sunday.  It will be held right by Sewanhaka High School.  So come out and bring the family.  

Regarding rental property, most investors are not going to be interested in a property unless the rental income is at least 1% of the purchase price.  There are other expenses besides the mortgage.  A property's rent roll must cover the mortgage, taxes, maintenance, utilities and cover the vacanc...

List price of 745, seller owes approximately 675-680K.  It is an overpriced listing, even the Listing agent agrees.  Comparables put it in the 675-685K category.  I am not sure how many mortgages there are on the property.  Would a short sell be recommended here?  If there are 2 mortgages would y...

Here is the scenario:  I am looking to purchase an apartment building.  I need to borrow about 225k from investors to purchase the deal and to maintain the property.  Purchase price 1.25M.  In about 12-16 months time, the building will be worth 2.1M and we would have approximately 1M in equity.  ...

I rent and I am looking to move.  I called another agent on his listing yesterday, asked if it was still available and asked if I could see it today (Sunday).  The agents reply was, if the owners are home you can see it.  I said ok, could you call the homeowners and find out if they are going to ...

As soon as my residential career gets off its feet, I want to switch to commercial.  (just can't afford to wait forever for a deal to close right now.)  I am in the process of purchasing an apartment building in Texas and it is so much easier than residential.  Don't get me wrong, there is a lot ...