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All Forum Posts by: Heston Vaughan

Heston Vaughan has started 5 posts and replied 15 times.

Post: Comp price adjustment help

Heston VaughanPosted
  • Posts 15
  • Votes 1

@Heston Vaughan the line up wasn't perfect, first one is the deal, second and third row are the comps

Post: Comp price adjustment help

Heston VaughanPosted
  • Posts 15
  • Votes 1

I have been look at this D class property that needs a lot of work and was trying to find the avr. Comps in the area are pretty scarce, so I did my best and found these 2. Based on what I have here what would you say the AVR is? I realize more data is better, but this is what I've got right now. And I realize d class would be a lot of work. Thanks! Deal. Comp 1. Comp 2

Beds. 2. 2. 2

Baths. 1. 2. 2

Sq feet. 925. 1073. 1487

Lot size. 11,000. 5,500. 14,800

Yr built. 1950. 1995. 1965

Sold price 32,700. 37,000

Pr/sq ft. 30. 24

Post: Analyzing Deals Tips

Heston VaughanPosted
  • Posts 15
  • Votes 1

@Bradley Sriro because im looking at a low income property and can see that one street matters a lot

Post: Analyzing Deals Tips

Heston VaughanPosted
  • Posts 15
  • Votes 1

@Bradley Sriro thank you for the help. I'll practice finding my own comps. What if there are no comps?

Post: Analyzing Deals Tips

Heston VaughanPosted
  • Posts 15
  • Votes 1

@Ari Hadar also do you consider the calculators to be accurate

Post: Analyzing Deals Tips

Heston VaughanPosted
  • Posts 15
  • Votes 1

@Ari Hadar I'm currently using dealcheck which I'm pretty sure is made by zilliow

Post: Analyzing Deals Tips

Heston VaughanPosted
  • Posts 15
  • Votes 1

I've recently gotten a great interest in real estate. I want to start analyzing several deals a day so that I can start getting used to the numbers and be able to see what looks like a decent deal right off. What methods do you all have?

I have an app that finds comps and such, but I'm not certain how accurate it is. Thanks everyone for the help.

Post: Real Estate Buddies

Heston VaughanPosted
  • Posts 15
  • Votes 1

@Heston Vaughan BTW, no one understands the obsession or cares as much as I do. So looking for that too

Post: Real Estate Buddies

Heston VaughanPosted
  • Posts 15
  • Votes 1

Okay so I'm looking for some friends to bounce ideas off of and learn with. Preferably fairly young males and noobs. I'm 20 years old with no experience but learning a lot. Maybe we could start a discord or something. Nice to meet everyone

Post: Small mortgages information

Heston VaughanPosted
  • Posts 15
  • Votes 1
Originally posted by @Nick Robinson:

@Heston Vaughan I personally have no experience buying homes for under $50k so I can not answer your questions regarding the loan for this property.  What I do want to say is I know we are all chomping at the bit to get that next deal especially if its our first deal, but you do not want to make a bad deal.  Most of the time when you go to those lower income areas you will have more issues than you can handle.  Especially being such an inexpensive property I can not imagine the monthly cash flow would be good and if it is it will be a very small number.  That means if one issue happens your going to have to do a pocket shot and like you said if you do not have a lot of capital that issue can take you down.  Just my two cents

The reason it seems like a good idea to me is that there are houses up for less than 20k and yet if fixed up their rent would be at least 500 a month. Thank you for the time!