All Forum Posts by: Elvin Green

@Kyle Mccaw The House last sold for 220,500. But doing a full remodel will of course not only cost 10-15k; it doesn’t have stainless steel appliances or anything. Given the smaller sq ft. it’s opportunity has a potential cap compared to other homes in the market ranging from 2600-2800 sq ft. with the same number of Br/Ba. selling at 230k+. The home across the street sold for 244k, 2700 sq ft.

You’re correct he very well could sell it for more, but being an investor why wouldn’t you list it to get full value ? Time and fees. Money is already been put in the home, so why continue to pay for something you don’t want. He doesn’t mind the spread, but at least wants to make it worth his while.

Good afternoon Investors, I have an appointment coming up soon. The house ARV is 223k. The home has had some repairs done to it, probably needs another 10-15k in repairs at most, I haven't walked the property yet, but the owner granted permission to walk around the premises. Has nice flooring and new windows. The home is a 4/3 and about 2,400 sq ft. The owner is eager to sale as it's one of his last properties and he no longer wants to put money in the home. He said I caught him at a great time as he wasn't ready to sell the property prior. He's an investor himself and understands what I'm doing as far exit strategies; so there's no underlying secrets and he's not hurting for the cash. My question is what would be an appropriate ‘fair' number to start/end with? Would anything under 100k be absurd ? Need feedback and insights. Thank you.

@Arlan Potter 90k worth of time to think about your next move. Cash Out for 90k Alex.

Good evening fellow investors, tomorrow I will have a walk through with the owner of the house . The owner already had someone coming by and offered me to come. So I took the opportunity, what are some tips when meeting a seller along with another potential buyer?? Thank you in advance

@Brandon Johnson Will apply !!!

@Tami DuBose thank you !!

@Brandon Roof it’s weird how it flooded because my mother owns a home just in the next neighborhood not even 2 minutes away and water only got up to the grass. Other homes in this market though has rebuilt. The neighborhood is coming back together and this house is an absolute eye sore. Living in Louisiana, residents understand the risk of their homes but it’s where we/they call home. Flood insurance hasn’t been a high priority because we are just use to severe weather during hurricane season, but as of late as long as you have flood insurance, you do take at least one sigh of relief.

@Russell Brazil what would you suggest based on the fact that it is a flood home that’s been abandoned. I want to be as accurate as possible. This is a hot market right looking at the past year. A home has sold just a few weeks ago in this area.

@Brandon Roof the ARV's in the market are 179-243. A home in this same neighborhood just went for 243 a few weeks ago. But the home is a flood property and hasn't been touched since. This is why I asked the question in that fashion. I'm uncertain on where to even start with the price points given the market.

Good morning fellow investors, I'm having a bit of trouble assessing a "price" for a house to do my assignment fee calculations. The house is a flood property (which happened in Baton Rouge 2016), but it is in a great neighborhood. Although ARV is about 170-240k in that neighborhood, records show that the property is worth about 85k now. I have the owners information, but what number should I start with considering the assessed value is significantly lower. The property is vacant of course but has no signs of repair as other houses in that neighborhood have already repaired damages and the homes are amazing. I found the ugly house in the nice neighborhood, as Max Maxwell says, but I want my numbers to be accurate. Also, property taxes looks like they haven't been paid since. Help a feller out. Thank you in advance. 🏠