All Forum Posts by: Bryan Cifuentes

Hi, I wanted to ask what was average landlord insurance running for Harris County Texas? I want to insure just dwelling, not personal property. I’m getting quotes from $1200 to $1300 a year, pending deductibles. Any assistance is appr

Hello BP Family, I just passed my RE exam and I'm in the market to find a broker to hang my license with. I'm a part time investor specializing in Rental Properties. I'm looking for a fairly low cost Broker. I'm a newbie so I wouldn't mind some support. Training and other misc fees I really don't need since I'm pretty self motivated to learn and will have my own office. Any suggestions preferably in The Woodlands/Spring area? Thanks!

I'm looking to find a wholesaler in The Woodlands and Spring, Tx market. Any Recommendations?

Thanks for the feedback! ARV is 315k even though my realtor is saying 330-340k. I really analyzed the comps. If ARV is 315k I want to make at least 15k Repairs is 40k Closing costs etc around 12k List price is 255k? What should I offer?

Ok, so I'm a bit confused on the rule of thumb is for analyzing a flip. Is it 70%-75% of ARV minus repairs? I've come across a property that is preforeclosure at 255k. (Listed)

ARV is ~ 315k

Repairs ~ 40k

That leaves me at 81% of ARV.

So assuming I negotiate down to 75% of ARV. I'm at 236k.

Do I now deduct the 40k from this and offer 196k??

Or is the rule of thumb 70-75% of ARV and no repair deductions? So now my purchase is 220k-235k?

Please clarify because I've done the Flipping Calculator on here and it appears to follow the ladder?

I've kept an eye on flips in my area and I see that investors are offering 70-80% of ARV and they purchase at this price.

Any help is appreciated!

Ok, so I'm a bit confused on the rule of thumb is for analyzing a flip. Is it 70%-75% of ARV minus repairs? I've come across a property that is preforeclosure at 255k. (Listed) ARV is ~ 315k Repairs ~ 40k That leaves me at 81%. So assuming I negotiate down to 75% of ARV. I'm at 236k. Do I now deduct the 40k from this and offer 196k?? Or is the rule of thumb 70-75% of ARV and no repair deductions? So now my purchase is 220k-235k? Please clarify because I've done the Flipping Calculator on here and it appears to follow the ladder? I've kept an eye on flips in my area and I see that investors are offering 70-80% of ARV and they purchase at this price. Any help is appreciated!

Ok, so I'm a bit confused on the rule of thumb is for analyzing a flip. Is it 70%-75% of ARV minus repairs? I've come across a property that is preforeclosure at 255k. (Listed) ARV is ~ 315k Repairs ~ 40k That leaves me at 81%. So assuming I negotiate down to 75% of ARV. I'm at 236k. Do I now deduct the 40k from this and offer 196k?? Or is the rule of thumb 70-75% of ARV and no repair deductions? So now my purchase is 220k-235k? Please clarify because I've done the Flipping Calculator on here and it appears to follow the ladder? I've kept an eye on flips in my area and I see that investors are offering 70-80% of ARV and they purchase at this price. Any help is appreciated!

Albert hit me up, I need a GC to come look at a property in The Woodlands, north of Houston. Are you available this weekend?

Great job @Curt Herge ! Stay hungry!

@Garry Harris, Please put me on your list. Thanks!