Chris McAllister's (chrismcallister) Blog

How Much is that Investment Property Really Worth? These days buying an investment property for appreciation is very long term speculation at best and reckless gambling at worst.  Buying for cash flow is where it's at.  Buying a property that cash flows means future appreciation is just icing on ...

MLS Sales Stats - January 2010 through September 2010 Below please find a summary of our key sales statistics as compiled by WRIST, our MLS.  WRIST covers Auglaize, Champaign, Clark, Logan, Mercer, Miami, and Shelby Counties.  The information is set up to compare the first nine months of 2010 aga...

The Wal-Mart Client      When we talk about "The Wal-Mart Client," we are basically referring to the "Best Case Springfield, Ohio Rental Applicant."      Springfield, and sadly most of Ohio these days outside of the Columbus area, continues to struggle economically. Manufacturing jobs have virtua...

Here is something you may or may not want to hear from your real estate professional - pricing your home in today's market is just as much about art as it is science - and by science, I mean math.  The ‘math' of coming up with a likely sales price within a determined range of value is pretty stra...

HUD Homes - Once In a Lifetime Opportunity               What if you could purchase a home that was listed for less than any other house in the neighborhood and the only thing it needed was paint, maybe some new carpet, and a lot of elbow grease?  What if that house was already priced at less tha...

Greetings!  This time of year the Real Estate Community celebrates its own through the Ohio Association of Realtor's President's Sales Club Awards.  The President's Sales Club awards are made based on an individual agent's, or a real estate team's productivity.  The award is granted based on eith...

MLS Sales Stats - January 2010 through June 2010 I'm a numbers guy so I find the information on the link below pretty interesting.  Many will find this post a little dry, but it's good to know what is happening in the local real estate market.   All the stuff we hear on the national or even state...

More info from our friends at Wright Patterson Credit Union.    FHA Appraisal - Quick Tips   Minimum Property Requirements (MPR) and Minimum Property Standards (MPS) The appraiser is to note those repairs necessary to make the property comply with FHA's Minimum Property Requirements (MPR) or Mini...

This is a quick summary from our friends at Wright Patt Credit Union   Conventional Appraisal Quick Tips   Cosmetic repairs are not required; however, they are to be considered in the overall condition rating and valuation of the property, condition ratings of "Fair" or "Poor" are reasons for rej...

The Property Management Solution    Introduction When you own investment real estate you are in the property management business.  When you are in the property management business you are in the tenant relation business.  While it may seem obvious it bears stating: successful tenant relations are...