All Forum Posts by: Brandon Gamblin

What is a turnkey investment? What is a turnkey project? Are these two the same? Or are they different? And I know its an alternative to buy and holding properties but could someone explain to me also how "buying notes" work in real estate?

Your welcome Brandon! And thanks for the links as well! I'm already checking them out.

Thanks again!

No I havent but I will check it out right now.

I was told that there are crucial elements of investigating a property before even attempting to buy it. What is all the pertinent information I must know before I purchase any property? I know that I will need a title report on the property to show what judgements, liens or encumbarances are on it, but how do I get that kind of information without coming out of my pocket? Is there anyway around it? Do I necessarily need the title report? Or could i get the information elsewhere? I also know that I need to know how much is on the property as far as the amount of mortgage and equity is concerned. Is this all there is needed to know or is there more? And before I put the property under contract, whats the best way for me to inspect the property? All in all, my question is, what are the most important things I need to know before I buy a property?

Thank you a LOT Dustin and your words of encouragement are really appreciated! Thank you!

Thank you Paul for all the valuable advice you just gave me. I have some questions though. #1. I know that HUD is the Housing and Urban Development agency but how does that relate to the small multi's owner occupancy?

#2. And are you saying that I can profit from student housing as well?

Is that 3% of the estimated value before repairs,that they add on to it?
Example: BRV/as is value = $50000 3% of $50000 is 1500. So 1500 + 50000 = 51500. So the ARV would be $51500 right?Is this what that 3% represents? Or did I miscalculate something?

And whenever you do repairs on a property the value always increases right? Always? Or does it just depend on other factors?

As a rookie investor, I know its important to know the ARV of property, especially if youre a wholsaler. So my question is, how do you find the ARV of a property? Now I know how to come about the "as is" or "BRV (Before Repair Value) of a property (comparables), but how do you come up with the ARV?

I just want to introduce myself because I didn't at first. But my name is Brandon Gamblin and I’m a rookie investor. I've been learning the trade (consistently) for about 3 months now and I’m getting closer and closer to my very first deal the more I network with different agents, rehabbers, investors etc. There are a lot of things that I feel I MUST know so I will be asking a lot of questions. My ultimate goal is to build up enough capital from residential profits to buy commercial property with a lot of units out right so I won’t have to worry about a paying a mortgage along with taxes insurance, maintenance and management. I want to acquire at least to commercial properties in this manner before I retire. I’m only 28 so it looks like I’d be able to do more by the time that comes. Does anyone have any advice for me on this new career endeavor? I’m humble enough to listen and my ears are wide open to what everyone has to say. GOD bless everybody that is a part of BiggerPockets and I hope to do deals with some of you one day. :-)