All Forum Posts by: David M. Hagley, Jr.

Yes.  Send me a PM.

Sorin,

I am in Greenfield, IN ( about 20 miles east of Indianapolis) and I can help connect you with some people in CIREIA.  Some investor friendly realtors and property manager.

David 

Anyone have experience with wholesaling a property where the house needs demolished and replaced by either a modular home or a stick built? I have a lead on a property with a house that needs torn down due to its condition. Trees have fallen into it and it has extensive termite damage. Any information or experiences would be helpful. Thanks.  It's in Indiana by the way.

The property is owned by a contractor.  He has invested some money into it but, he is open to sell it for what he has into it.   I plan to rehab it and rent it.  That's if the numbers show that it is a good deal.

I am looking at a possible deal and considering asking for owner financing.  This project also needs quit a bit of rehab.  I have some questions.
1. Is there some guidance or things to watch out for when trying to structure this type of deal?

2. Also, what are the options to finance the rehab?  Are there ways to finance that cost?  What are the pros and cons of them?

Thanks,

David

I understand the expenses part and determining the Cash Flow, Cash on Cash ROI, NOI, and Cap Rate. I guess my confusion is with other strategies like BRRR. Is it just calculating the short term funding then repeat the calculations for the refinance?

Thanks

Is there a good reference book that shows the formulas and methods for analyzing real estate deals? I know that the calculators are on BP but I want to understand what goes into the analysis for various strategies. I'm not a fan of the "black box" type of analysis. I truly want to understand what the numbers mean.

Thanks everyone for your responses. 

I have been studying the wholesaling process and see that there are two methods: Assignment and Double Closing

From what I have read, it seems that double close would be the cleanest method.

A couple of questions that I have is:

1. What is the pros and cons of each method?

2. What is others experience with "Transnational Loans" for a double close?  

Any other input is appreciated.

David Hagley