All Forum Posts by: Denny Knapp

Hi BP community. I just joined BP pro and im stoked to get started. I seen somewhere where there was some info on how to estimate how much the rehabs will cost i just dont know where it is. also can someone tell me how i will know what the ARV will be? Thank you all so much!

3 Votes

Cleveland, Ohio

Quote from @John Underwood:

It is typical for them to be bad. It is the exception to get one that is clean and empty.

I plan on them being bad and needing lots of work.

I can still get a "fixer upper" for 30k at auction. This is still a huge discount over what a wholesaler would sell an equivalent house for in my market.

amazing great job!!

0 Votes

Toledo, Ohio

i actually only invested an additional $23,000 i answered the question wrong

0 Votes

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $72,000
Cash invested: $95,000
Sale price: $140,000

househack double

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

just to save on my own mortgage

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

mls

How did you finance this deal?

traditional

Lessons learned? Challenges?

old home needed a lot of work

0 Votes

All Forum Posts by: Denny Knapp

Denny Knapp has started 2 posts and replied 4 times.

Post: How do i know how much the rehab will cost?

Post: Everyone wants to buy a foreclosure until they get to see inside the property.

Post: first investment but not really as an investor

Post: first investment but not really as an investor