All Forum Posts by: Kris Johnson

Hello guys,

I have a question that I did not know where to go to for insight and advice on, and I figure if place can give me insight, it will be BiggerPockets.

I am looking to partner with a colleague who has been buying distressed properties and then renovating them. He then has done cash out refinance and held them as rental properties.  Over the years, he turned his hobby into where he now has 40 properties.  I wanting to partner and see if he can scale up to help me buy "turn key" ready properties at a cheaper cost than through some of the well known providers.  

When you typically do a Flip, what is a good ball figure for your total costs (purchase, holding costs, renovation costs) as a % of appraised market value?  It is realistic to be able create turnkey properties for  80 - 120k houses in the mid west for 80% of market value or less (total all in costs 64 - 96K)?

Are there any providers out there that sell portfolios of SFH which are turn key ready at 85% of Market value or less?

Thanks guys!

Hi All,

I have been listening to several different real estate podcasts during the last 6 months and I am now following the Ultimate Beginners Guide to Real Estate Investing found on the Bigger Pockets site.

I am currently doing the learning phase via forum reading, reading What Every Real Estate Investor needs to know about cash flow. Secondly, I am planning my own real estate investment plan.

I have heard and read on forums, many investors own real estate in areas not so close or local to themselves. Although I am originally from the US and lived there until about 30, I have been living and working in Switzerland for the last 10 years. What are your thoughts about how I can possibly organize a team and find, evaluate, select and close on multi family small apartment investments whilst living aboard? Is it possible? What additional challenges should I expect by living overseas?

Thank you all for your answers and advice. I do hope over the next few months to get moving and close out a deal or two and hopefully we can find an opportunity to work together on some deals.

Kind regards,

Kris

Hi All,

I have been listening to several different real estate podcasts during the last 6 months and I am now following the Ultimate Beginners Guide to Real Estate Investing found on the Bigger Pockets site.

I am currently doing the learning phase via forum reading, reading What Every Real Estate Investor needs to know about cash flow. Secondly, I am planning my own real estate investment plan.

I have heard and read on forums, many investors own real estate in areas not so close or local to themselves. Although I am originally from the US and lived there until about 30, I have been living and working in Switzerland for the last 10 years. What are your thoughts about how I can possibly organize a team and find, evaluate, select and close on multi family small apartment investments whilst living aboard? Is it possible? What additional challenges should I expect by living overseas?

Thank you all for your answers and advice. I do hope over the next few months to get moving and close out a deal or two and hopefully we can find an opportunity to work together on some deals.

Kind regards,

Kris