All Forum Posts by: Jared Smith

Steven Mitchell thanks for the help! I appreciate the suggestion.

Hey Greg Kendall welcome to biggerpockets. I am still new myself to the REI scene, but always am open to connecting and talking about strategies and goals. Feel free to reach out to me.

Hey @Steven Mitchell thanks for the advice are you suggesting wholesaling at a cheaper price and then not having any ties to the property, or selling it at a lower price and then working with the buyer on the buy and hold?

Hey everyone,

I was wondering if some Seasoned investors could give me a few tips or advice starting out as a newbie. Currently I think I have discovered my niche and ways to find distressed houses, but I myself cannot afford them. To combat this I am looking to partner with a decently seasoned investor to learn and grow in the REI industry. My questions revolves around this question. What do you like to see out of Newbie investors that stimulates you wanting to work with them on a deal they found. I guess my real question is, what would make a seasoned investors spend time working with me on a deal I found rather than buying from a wholesaler with no strings attached. (Just for reference I am looking to invest in buy and hold 2-4 unit multi-families). Thanks for the Help in advance!

Hey everyone,

With not much capital to put into a project, I have had to get creative with how I want to go about purchasing properties. One of the most talked about methods of getting into a property with little money is hard money lenders. I was wondering, what are some great questions to ask hard money lenders to know if you are getting a good deal with them or if they are taking you for a ride, and why?

Hey Everyone,

This may seem like a very basic question, but what are the first three steps you take after having an offer accepted? Ex. look for financing, have the property inspected, look for a contractor.

I left good margins in their for the money man, the house is pretty beaten up so I hope I dissuades people from buying it. It also smells of cigarettes everywhere so that might work in my favor too.. Also thanks for serving happy belated Veterans Day

Jeremy Hunter Thanks Jeremy for your input, I appreciate the advice

Owen D. Thanks for commenting back. The house is owned by a person who's parents died last year and they are trying to sell it. The reason the offer is so slow is the gutters have ice damage, it needs a new roof, the kitchen is from the 50s the whole yard looks like it has been unkeept for 2 years, and the old owners smoked so it is ingrained in the walls. There are more issues with the house including bathrooms and such, but the gist is, it's very undesirable. Taxes on the house are 10k a year so hopefully I will get a counter. As for underbidding, I think the owner is just not sure what the house is actually worth. Maybe he will entertain 200k without an inspection contingency

Hi everyone, I have finally found a house that I want to put an offer on. Here are the basic details. The ARV of the house is between 395,000 and 410,000 The estimated cost to repair is 100,000-135,000(I know that is a big gap, but it accounts for some repairs we need to open up walls to confirm) The current listing price is 359,000 The price has dropped from 420,000 The house has been on the market for almost 3months Is it absurd to offer 200k for the house Also is there a way to make an informal offer to see what the Owner thinks of the offer or so you have to just make a formal offer? Any additional advice is much appreciated Thanks for the help in advanced