All Forum Posts by: Adonias Dawit

Hi I am looking to find investors on Bigger Pockets who buy and flip/hold homes. I'm a wholesaler with great connections and I am confident I will find you great deals. Through various techniques I have been able find many off market deals. PM me if you're looking for a partner so I can get to know your criteria. Wouldn't hurt to give me a shot! ;)

@Manoj Kumar Shukla yes sir I'll pm you the details

@Sameer Jain yes i can message you the details

Hi Anthony, I just messaged you with his contact info

Hi,

If anyone is looking for a general contractor in Sacramento and surrounding areas I have a great one I can recommend. I know how important it is to find a contractor who is reliable and will be honest with you. He works fast and will give you what it will cost beforehand. I had to go through a couple bad contractors before I found a good one, and I thought I will just help the people on here not go through the same pains as me! Message me if you would like to know more

@Aaron K. so theoretically this strategy should work? I understand that I will be really hard to find a property that will fit those numbers. Have you refinanced a loan before? Any difficulties with that? 

@George Blower 

Thank you! I've been lurking for a while, but now I want to get more serious about planning my next steps

@Wes Blackwell

You're right about the market being extremely competitive. I've seen some old beat up houses listed for mid 300k which I would never think about touching. But from time to time I've seen some houses low to mid 200k that might work.

@Aaron K. Thanks for your reply. So by comp do you mean something comparable in the same neighborhood? I would think ARV is still important when considering you can refinance later to a conventional loan and make cash on the difference. Or is it more of a take what you can get scenerio

Hi,

I am a newbie investor in the Sacramento area who wants to use the BRRR strategy to build up my portfolio. Since I am a first time home buyer I am planning to get an FHA loan and put 3.5% down on my first Multi-Family house. I want to get a the FHA 203K loan so i can get some extra money to help me during the renovation process. Will the BRRR strategy work with a FHA 203K loan if i still follow the 70% rule? What are some of the tools you guys use to determine what the after repair value of the house will be because i feel like i am just guessing? Is there any advice or potential problems you see with my upcoming strategy. My goal is to try to save at least $24,000 for down payment & closing cost