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All Forum Posts by: Catherine Morel

Catherine Morel has started 30 posts and replied 63 times.

Post: Searching my first deal!!

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

I am looking to sell it right after I rehab it. I’m not sure yet how much is the rehab but thank you for letting me know if it’s more than 150k is not a good deal. 

Would you be able to know when should I contact an accountant and real estate attorney when all goes good and the property is mines ?? 

Post: Searching my first deal!!

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

Good Morning! 

I need help. I am currently looking into getting financing for my first deal. I spoke to a real estate agent and will be looking at the property on Saturday! 

I would like for someone to help me figure out if it’s worth getting into this deal ?? 

The house is a 2 family home 4bed and 2 baths 1700 sqft and is listed for $75k. I checked comps on Zillow and it says a few houses were sold in that area for $220k-$260k. To me that sounds like a huge deal! Obviously I’m not sure how much repairs will cost but upon looking at the pics it definitely needs a brand new kitchen, new windows, possibly new bathroom and updated floors. 

Would anyone consider this deal?? 

Also does anyone know how much it will be to estimate the repaid cost by the description I just provided??

Thank you in advance!! 

Post: Can you start flipping house with a mortgage loan?

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

thanks you !!! 

Post: Running a market analysis

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

How do I analyze the market ? How do I know if the market I am looking at is small or larger? Good or bad ? 

Post: How to determine is a lead is a good deal or not

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

Wow far way from home. I haven’t looked for deals that far yet 

Post: How to determine is a lead is a good deal or not

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

I haven’t reached out to a realtor. I am trying to figure it out myself. I have no idea how to contact a wholesaler. I am working on networking so I can meet people in my area that can help me start this journey. 

Thank you for your response !

Post: How to determine is a lead is a good deal or not

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

Thanks !! 

Post: How to determine is a lead is a good deal or not

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

Thanks for the reply ! Another questions, How do I check how competitive the market is or the comps around the area ? Are there any other sites I can check? P

Post: Should I start a legal business before investing

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

Thanks for your reply ! @MikeTolleson. I am interested in starting with house flips would i still need liability insurance and an attorney?

Post: Should I start a legal business before investing

Catherine MorelPosted
  • Flipper/Rehabber
  • New York, NY
  • Posts 75
  • Votes 6

Hello, 

Should I start a legal business in order to start investing in real estate ??