All Forum Posts by: Jackson Howell

Thanks everyone for all the insight and advice. Im going to stick with my number and not go up. if I get it, then I will rehab for rental which I believe i can do for 10-15k. I do believe the BRRRR strategy would be a good plan on this one. Thanks again

@Michael Ealy Based on y'all's feedback, this may be more suitable to rent out instead of flip.

@Joe Villeneuve - right, the first deal is always the hardest has been a common saying that I've heard and it's ringing true with me. Is getting the foot in the door and getting the first deal under my belt with everything that I will begin to learn worth the extra money I would invest even if it's at a lower ROI in the end. Thats what I'm trying to weigh.

@Ray Johnson - I have not taken into account taxes - I will be sure to add that in - thanks for the feedback

 @Jason Hirko - thanks again for the feedback - 

This helps me clarify what I need to do to finalize my strategy on this one.

@Jason Hirko thanks for the insight.  That's the average rental fee for the area.  How critical is it to make that decision before hand.  I would think its important to make a decision on what we want to do as that would determine the quality of the materials used in areas such as flooring and kitchen.  

@Jason Hirko this is a fix and flip with a back up plan as a rental.  It's a modest house for a modest price in south, GA.  Asking price was 39k on a foreclosure.  There are multiple offers in and bank is asking for everyone's best offer.  We have offered 30k.  My fix and flip calculator says our highest offer should be 31k which includes a 15k profit after it resales.  So we do have some room for movement but I know that 15k could disappear fast.  It would be a rentable home which is why I have the rental part as a back up plan.  

Thanks.

I've been working to find and make my first deal happen. With the numbers still working, but tighter, are you willing to pay a higher price to make that deal happen?

Will do.  thanks for the input

Hello,

I'm looking at a property to make my first purchase through Auction.com.  Has anyone ever purchased through auction.com?  What was the experience like?  any suggestions or tips?

thanks,

Jackson Howell