All Forum Posts by: Carlos Rubio

Hi I want to buy a house in Aution.com but it tis my first time and I am not sure what do I need to look for. Can someone tell me what should and should not do. I will really appreciate any help that I can get. Thank you in advance.

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Where are the best places to find short sales properties other then the MLS?

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Does anyone know a website where I can get estimates for flooring cost and installation cost without having to give my personal information. I am trying to calculate the remodel cost of a house.

Thanks for your help

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thanks Matt for answering my post.

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Originally posted by @Matt Slakey:

And to continue what @Josh C. was writing, once you have the comps, get an estimate of the repair costs plus 10%, and subtract that from the price, and subtract a little more for bargaining room.

I have gotten estimates of work just by calling around to a few subcontractors (plumber, electrician, clean-the-nicotine-stained-everything guys, carpet guys) before I made an offer. If you do get an accepted offer, I'd have them come out (for free estimates) to give a better idea of what you're looking at, cost wise. My offer wasn't accepted. I don't feel bad about this because I knew my numbers for costs (roughly), anything higher would make me lose money or be upside down.

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Originally posted by @Ronald Perich:

@Josh C.'s Introduction to Real Estate Investing. I just finished reading Frank Gallinelli's book What Every Real Estate Investor Needs to Know About Cash Flow... and can't tell you how valuable some of the info he has in there will be to me.

Yes Ronald, that is how I am looking at this property and I am using the GRM or GIM to calculate the value of the property. Thanks for your help

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thank you Josh for your input

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Originally posted by @Josh C.:

Fourplexes are valued on comps. Check zillow for sold not listed like properties to start.

thank you Josh for your input

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I am a new at this and I am going to see a fourplex that is an REO vacant and need a lot of TLC. I need to calculate the value of the fourplex. Can someone tell me which formula I need to use. Thanks in advance for your help.

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Originally posted by @James Wise:

There is a pretty good how to guide here on BP.

CLICK HERE

Mr Landlord also has some pretty good info on their site.

Thanks James, I will defenetlly check it out.

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All Forum Posts by: Carlos Rubio

Carlos Rubio has started 6 posts and replied 22 times.

Post: Aution.com

Post: Short Sales

Post: Price for Flooring

Post: How to calculate the value of a fourplex

Post: How to calculate the value of a fourplex

Post: How to calculate the value of a fourplex

Post: How to calculate the value of a fourplex

Post: How to calculate the value of a fourplex

Post: How to calculate the value of a fourplex

Post: Property Management