All Forum Posts by: Jim Pellerin

Often you see that seller financing is an option for people with no credit, but can it effect the credit of ether party?  
Can you use seller financing to build credit?

Hi everyone, I'm in the process of analyzing my very first purchase and am struggling figuring out the ARV of a prospective house. I understand that the ARV is the value of the house the bank/lender appraises your house at after rehab. My confusion though is how do I estimate this? I've read to pull comps but aren't comps based on selling/listing price? Is there a way to calculate an ARV off the listing price or is there even a difference? What am I missing in this logic? Any help is appreciated!

Is it ok to assume interest rates will lower in the future, not immediate future but eventually, when analyzing a potential deals CoC return. As of right now, a particular deal I'm analyzing doesn't have the best CoC return but the location and YoY growth is solid and if the interest rates drop in the coming years then the CoC return is solid. Thoughts? Im new to BP and real estate investing and Im looking to pop my first deal. Thanks!

I'm looking for the best way to calculate the right amount of assignment fee.  I've been wholesaling for a while and typically I've used a flat assignment fee from $5,000 to $20,000 based on the size of the deal.  But was looking for a more flexible way to make sure my assignment fee is proportional to the profit my end buyer is going to make off really good deals I bring.

I'll use the example and I would appreciate feedback on what the assignment should be on this deal.

ARV: $275,000 x .70 = $82,500

Repairs: $80,000

Seller Payoff: $97,000

Assignment Fee: ?

Quote from @Antonio Bodley:

I recently had a motivated seller respond to my postcard 2 days ago. It was an elderly gentleman saying he is interested in selling. The problem is he said he had or has a family living in the house that he is not sure moved out of the house. I took a trip out there to see the place in person rather than just trusting Google Maps. The place is in the poorest ghetto located on the most narrow street. The owner does not even know how much he wants for the house. Since he does not know if his relatives still lives in the house, I assume it may be difficult to see the inside of the house to fully evaluate what repairs needs to be done. He only said the roof is replaced like 2 years old. Should I pass or get it under contract IF I can find a buyer?

I've owned in poor neighborhoods and I've owned in well to do neighborhoods and eveything in between. For me, poor neighborhoods caused the most problems. You might want to "take it over for the amount of taxes due", and then he would no longer have a headache. That is, if you don't mind taking over the headache.

Where can I obtain a POF to submit to a buyer if asked?

Hello all,

I'm a landlord for the past 4 years, I've successfully built a decent portfolio of 203 doors in total, I own properties anywhere from a single family home to a 12 units buildings.

Being in the REI game intensively in the past 4 years teached me a lot and today I'm very confident on what I'm doing and how I'm doing it. But I feel that it's my time to scale up.

The only thing that I am trying to crack but didn't really find a definite successful method of how to find a large multi unit apartment buildings for sale (not thru Tenx or any of these platforms)

I've been digging for quite a long time and tried different methods but no luck so far.

I will appreciate any advice on how to find those large multi units buildings

Thanks in advance

Charly Liran Afergan

I see lots of talk about cash flow and the necessity of cash flow to achieve financial freedom. Both my wife and I have good paying W-2 jobs and are comfortable making investments that don't cash flow. Is there a better strategy for maximizing ROI?

What would your strategy be if cash flow was not a driving factor?