Circle City Homebuyers (Indiana) Feedback needed

[Clayton Hutton]

Hello fellow BP members,

I am looking at a group called circle city homebuyers, they look to offer a few things (wholesaling, and lending to an extent). They have some seemingly good deals, but I was wondering if anyone out there might have worked with them before. They have a nice breakdown of estimated rehab costs, and expected ARV (images below). Can anyone point me in the direction of some great questions to ask, ways to research this on my own as well?

Thanks for your feedback!

/Clayton

[Jeff Schechter]

Aside from comps, I'm not sure why you'd want to take on a $90,000 rehab from half a country away...especially being new to this.  Do you have relationships with contractors here?  Do they do the work?  Do they guarantee it?  How long will it take while your cash is tied up?  Will you keep the house afterwards and rent it out?  Or, will you flip it?  If you flip it, who is going to sell it?  How long will it be on the market with more cash tied up?

It's important to know your EXACT strategy before just looking at numbers.