All Forum Posts by: David Bateman

Ray, if you are looking for help with strategy you'd be hard pressed to find any better information than that which Sean Terry will give you on his podcast. Check it out and congrats on talking with the seller!

Thanks for this. Been looking for a good PM referral in ATX.

Thanks for this. Been looking for a good PM referral in ATX.

Check out Sean Terry's podcast, you'll learn everything you need to know about wholesaling.  His website is flip2freedom.com.  Good luck and let me know if I can be of further assistance.  

Definitely come to the lunch meeting tomorrow at Big Daddy's. Welcome!

I recently moved from Fort Lauderdale to ATX and agree with the statements above. I had a rental in Pompano that barely broke even every month. I do have a couple friends that were having success flipping houses there, but more so the last few years when the market was flooded with inventory and prices were so low. Also, I had a conversation the other day with someone who is moving his REI business from Fort Lauderdale to Houston to begin investing there. Seems to me that the growth that Florida has enjoyed historically may be shifting to TX.

Thanks for the feedback Engelo!

I have an opportunity to purchase a 1458 square foot SFR for $84,000. The property needs approximately $7,000 of work to give it an ARV of $116,000. Using the 50% rule, I thought I'd be able to make this property cash flow but after diving into the numbers a little more closely I have determined that this probably won't be the case. I will try to attach a snapshot of the spreadsheet I am using below and would appreciate any thoughts or comments on how I should be looking at deal.

OK, thanks Jon.