All Forum Posts by: Adam Upchurch

I created a little pitch deck and financial analysis on a property in Atlanta. I'd love some feedback on how I did. I am also open to hopping on a Zoom to talk through it.

Here's a link to the google drive https://drive.google.com/file/...

I love the 80/20 rule because I hate wasting time more than anything else. I am also a rookie so I don't think I have time to waste on activities that are not contributing to generating revenue. 

What activities do you focus on to drive the most results for your RE business?

When people are referring about CoC return, are they referring to annual cashflow or net returns when you sell the property.

I agree, Chamblee is well on its way to saturation. Not saying there's not opportunity left. Might have to look into flipping more up market properties than you'll find in Doraville or Tucker.

Hey @Joanne Eriaku - I don't have more context. It is hypothetical. Just started some direct mailers and cold calling to try to find some properties to wholesale. 

Just want to know what my risks are when I find a property to move. 

I do have a rule of thumb to apply. Try to stay away from homes that I wouldn't buy myself.

This is probably a dumb question - but what are the options for a property that you can not find a buyer. Obviously, you're on the hook with the contract.

So are you essentially going to buy the property or lose your earnest money?

Following. My brother has been wanting me to find him homeowners in situations like this.

Hmm... I think it would be fair to split the Difference between current value and ARV.

So 210k minus 70 = $140k.

Minus 40k construction would leave $100k Before closing and such.

It may seem like you’re screwing them because they will only walk away with like $15k, but you’re actually making them like $50k more than what they’d do without your help. That’s a great deal IMO.

You seem like a nice guy, so maybe give them 10k off the top. Which is only $5k out of what you’d make.