All Forum Posts by: Davy Singleton

@Brandon Reed

 I'm still working on this flip but when it is done it goes on the market for 230k

@Sam Turgeon

 My criteria for hold vs flip? 

For a buy and hold it's 1 to 2 bed room or duplex.

My flips are 3 bed or larger. Why you may be thinking. Well it's easier to sell a 3+ than 1to2 bed and I can rent them all day. What is your thoughts on the matter?

Investment Info:

Single-family residence fix & flip investment in Zephyrhills.

Purchase price: $123,000
Cash invested: $42,000

3/2 in downtown Zephyrhills

What made you interested in investing in this type of deal?

Like most cities the downtown area is the best for fast sales

How did you find this deal and how did you negotiate it?

I found this property on the MLS

How did you finance this deal?

I used hard money to finance this deal

We are still going.

yes it is still going

Calling all real estate investors, wholesalers, realtors, Hard-money Lenders, private lenders, mortgage brokers, building contractors, sub contractors and people interested in getting started in real estate investing.

At this meet up we will be show you how to analysis a deal in 10 minutes or less.

This is a great opportunity to connect with people that will help you grow your business.

Light refreshments will be served. 

Please post if you are attending. We would like a head count.

 If you have any questions please call Davy at 352-206-3070

If that is the only damage from termites, than the price sounds right but it is hard to say till you get in it. At this point according to your numbers you have a profit potential of $40k or is the 140k profit. Ether way you should be ok as long as there is no structure damage, inside walls don't count.  

I wouldn't think so as long as it is truly cash flowing.

I would walk if the numbers don't work. Look at it again in June when it is available.

How many sqft is the building.