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All Forum Posts by: Adrian Pearson

Adrian Pearson has started 3 posts and replied 3 times.

Post: Contractor and Inspector South Western KC Metro

Adrian Pearson
Pro Member
Posted
  • Posts 3
  • Votes 0

Hello, my wife and I just put in an offer on our deal!

It is a potential BRRRR in Ottawa, KS. I am coming here to ask if anyone has any home inspectors and investor friendly contractors in the Overland Park/Olathe/Gardner area that they could recommend?

We would like to walk the property with the home inspector and contractor within the next week (before 8/4). Thank you in advance and wish us luck!

Post: First Investment Property Search

Adrian Pearson
Pro Member
Posted
  • Posts 3
  • Votes 0

Hello,

I am a new investor looking into getting into the game. Right now, my plan is to use a HELOC to start BRRRR'ing, as we have about ~140k equity in our home (only going to pull out about 75K initially though). I have been running BRRRR reports using the software here, but I'm not sure that my numbers are looking right. I'm still waiting on solid comp data from my realtor for ARV numbers, and have been ball-parking the rehab costs, trying to go on the high side (I plan on walking through the houses with a general contractor before I pull the trigger to make sure that everyone is on the same page.) I know those are probably the two most important numbers, but I'm working with the information that I have right now.

I would also be welcome to any banks offering a good deal on HELOCs, open to online suggestions, but would prefer brick and mortar to start building a relationship with a lender as I work through this process. 

My reports are here:

613 Main

820 Poplar


Any and all information would be greatly appreciated!

Post: Zillow Market Data

Adrian Pearson
Pro Member
Posted
  • Posts 3
  • Votes 0

Good afternoon,

I am in the process of dipping my toes into the real estate investing scene. I have run a couple deal reports, and have not been able to find anything that would cash flow decently. My main question is if you have all found the data on Zillow (rent estimate, similar homes, etc to be accurate?


I'm still kind of lost on being able to find comps for the ARV for the homes I'm looking to BRRR. Any information would be greatly appreciated! Thanks for your time