All Forum Posts by: Henry Wells

@chris lopez I am brand new at real estate investing and i am looking to by my first real investment so i am trying to get the basics of analyzing down first. I don't have too much figured out in the sense of finding a lender, I have a real estate agent that i was planning on using but she is just my families real estate agent that they've used and not too familiar with these type of investments. I have family helping me with the down payment and purchase of properties and i was an electrical contractor for a long time and have connections to other contractors to help with the rehab process.  Right now my risk tolerance is fairly low as I am looking for my first real investment so i am trying to focus on figuring out how to properly analyze deals before moving forward. I greatly appreciate all of the help and would love any advice i can get. Also on a side note I believe I saw you speaking at the last ICOR event in Denver and if you will be at the next one I would love to talk to you more in person if you have time for that. For the meantime i will update my proposals with more information and continue posting them to get a better idea of what i should be looking for. 

Thank you again, Henry Wells.

@cam Schumacher I am not super confident in the ARV or the rent rates. It will be a conventional loan and I don't think the renovations will take very long. But, thats what I'm unsure of, i don't know if i a being realistic on the renovation cost's and on the loan rates. It would be beneficial to know what i can actually expect in this market to better estimate my rehab cost's and my rate of return on properties like this. Thank you for your help and advice.

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