All Forum Posts by: Imran Syed

Greetings fellow investors,

I hope this message finds you well. I wanted to reach out to the community to seek some guidance and advice regarding estimating the actual cost of repairs required for a BRRRR strategy property purchase.

I recently had a contractor visit the property to assess the required repairs and will be providing me with a cost estimate soon. However, I am personally not comfortable relying solely on a single opinion, and would love to educate myself further on the subject of rehabbing and cost estimation.

With that said, I would greatly appreciate it if any experienced investors could recommend some valuable resources such as articles, books, or videos that provide insight into the various options when rehabbing a property and the pros and cons of each approach.

For instance, I would love to learn more about the price and quality differences between laminate and marble countertops, and how to make the right choice when it comes to BRRRR strategy.

Your suggestions and insights would be of tremendous help to me, and I am grateful for any advice or guidance you can provide.

Thank you for taking the time to read my post. I look forward to hearing from you soon.

Hello everyone,

I could really use some advice on a real estate opportunity I'm considering. I have my eye on a house that's been on the market for a while, and it definitely needs some work before it can be rented out. The estimated cost of renovations is around $30k, but once it's all fixed up, the property value would likely increase to around $260k from the current asking price of $200k.

I'm having a hard time figuring out the right number to offer for the property. If I just renovate and rent it out, I know I would make a good return on my investment. But I don't want to overpay for the property, and I'm not sure what a fair offer would be.

I'm hoping some of you more experienced investors out there can offer me some guidance. How would you approach this deal? What factors should I be considering when coming up with an offer? Any advice would be greatly appreciated! Thank you in advance.

I am thinking doing getting 80% of the property value after renovation and subtracting the 30k.

Hey everyone, I'm an aspiring real estate investor with 200k in cash. Recently, I read Brandon Turner's real estate investing book, and now I'm torn between two strategies.

On one hand, I could start small with single-family homes and gradually multiply my investments over the next five years. On the other hand, I could dive right into an apartment building, using my cash as a down payment.

Brandon Turner's strategy suggests starting with multi-family properties for the first few years and then exchanging those for an apartment building. However, his strategy assumes the investor is starting with little or nothing.

Since I already have 200k in cash, I'm wondering if I should skip the multi-family properties and invest directly in an apartment building.

My ultimate goal is to achieve 1M of passive income annually within the next three years. Some might say this is unrealistic, but I'm determined to try.

What do you think? Should I start small or dive right into an apartment building? Any advice or suggestions would be greatly appreciated. Thanks in advance!