All Forum Posts by: Ashley Wise

#following 

#following 

I'm looking forward to meeting everyone!

I was looking to wholesale it to someone who would want to rent it--or even someone who wants to flip it--and I put the rehab higher because there are 2 bathrooms that need gutted plus the kitchen.

OK--So I am new, and hope I do not come across as stupid for asking this. The greater Joplin area has a shortage of rental homes--specifically for the 4+ bedroom range. So, I started looking around to see if there were any that the math seemed to work out.

I did find a home that needs $30K worth of repairs, ARV $100K and would rent for $1050/month. Plus, the all in would leave quite a bit of equity, if I calculated the comps correctly. (All in investment for Landlord would be: $69K) (Again, newbie--so I am learning.)

What am I missing? Is this a good deal?

Hello everyone! I am a newbie located in SW Missouri! I am in the process of obtaining my MO RE License and looking to wholesale, build portfolio of buy and hold rentals, flip and help RE clients with "fixer upper" style purchase/renovations. 

Looking forward to making connections, gaining knowledge and rocking it in RE!