General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
First Time Auction Bid Winner
I am not new to REI but this is the first time I've got into a deal (jumped out of a plane) and had to figure out how to fly on my way down.
The house is a SF fixer upper in Upstate NY. It's in a very desireable location, one of the best school districts in our area (if there is school) and has a lot to room to work with.
I just won the auction at 58K and am now in fundraising mode. I've had plenty of surface level conversations with potential investors but none have committed to investing to a deal when one presents itself. Now I'm in the process of calling them all, to get the purchase and Reno done.
I will do most of the work myself, and plan to BRRR with a cash out refi or out right sell if the market stays hot.
Acqusition - 58K, Reno 30K, ARV 160K
Looking for advice through the process