All Forum Posts by: Devin James

Hey Chris Geer,

I agree with Charles Carillo. I would treat it like any other investment. How much of a return would this renovation give you? If it looks like a good return, go for it. If you believe you can get a better return elsewhere, then go that route.

Good Luck!

Hey Venkat Tarakad,

I would assume that no response is a "No". If I were you, I would ask myself if I am okay with purchasing this property with the pool & fence in As-Is condition? If not, look to see if you can back out of the contract and get your deposit back.

Hey Imebette Barkley,

There can be a bunch of different reasons why. The buyers could have asked for a price reduction and/or incentives that the sellers didn't agree to. Maybe the home didn't appraise as high as the buyers thought. The buyers could have bought a new car which could have lead the lender to not finance the deal anymore. Your best bet is to contact the agent and ask. Not only will it answer your questions, but its also good practice to call agents as its a great way to learn the lingo.

 As Nick C. stated, they both sound like bad deals.

Hey Imebette Barkley,

What are comps in the area and how much will it cost to renovate the home at $138K?

Hey Brandon King,

I recommend attending local real estate investment meetups for relationship building. Attending these meetups will definitely help you build relationships, which will ultimately help you scale. 

Hey Edgar Sanabia,

Sounds like a great idea for adding additional income! I would make sure that the current zoning allows for that. Also, parking may be an issue for your tenants and/or STR guests.

What excites me most? There's no ceiling to how much I can accomplish 

Why am I investing? Time Freedom

Hey Irakli Khakhviashvili

Good question, there are typically two agents for each transaction. The sellers agent and the buyers agent. The sellers agent is the agent who lists the property for sale, this is the name that you see on Zillow, Trulia, etc. The buyers agent represents the buyer and submits offers to the sellers agent.

Hey Terry Landon,

I think this is a deal by deal analysis rather than a city by city one. Saying that, and assuming I understand your question correctly, I think it would be cities with the highest average sales price.