All Forum Posts by: Justin Wolfe

Hey guys,

My business partner and I just found the first property that we are interested in making an offer on.  However we want the offer to be contingent upon an inspection revealing that there are no structural issues/termites.  We are willing to do a rehab, but not if the property has foundation issues or is eaten up with termites.  Those are deal breakers for us.  Also, the title should be free and clear.

Can somebody provide me with the language they use for contingency's when making an offer on a distressed property?  We just want to make sure we get our earnest money back if an inspection comes back showing that there is a major structural issue.

Hello all,

I am trying to find out if there is a search database to find out whether prospective properties have federal tax liens placed on them.  

Soon I will be going to a tax deed auction and I am trying to eliminate any "lemon" properties that I would not want to end up owning assuming I wind up with a tax deed by this time next year after the redemption period has ended.

I am also an expat in Europe and am in the process of doing my first BRRRR in the states. My investment partner also spends much of the year out of the U.S. as well.

When I went back to the states for the holidays, I was able to do some driving for dollars with my partner.  Obviously that is not something that can be done from your home abroad.  However, there is still a ton of work that needs to be done that does not involve being physically present.  It's not clear from your post what type of real estate investing you want to do, so I'm not sure how hands-on you will need to be.  Personally, I operate 2 other business from abroad, so I've learned a lot of short cuts and also where to set aside time and a trip back for face time.

Newbie here. I'm in the process of looking for deals to do my first BRRRR. Right now the most difficult part is determining ARV of properties. In particular I am dumbfounded at conducting accurate adjustments on comps.

Amongst numerous Bigger Pockets sponsored books, I read J. Scott's guide on estimating ARV, but even this leaves me a bit lost. In particular he even admits that "(t)here are no hard-and-fast rules about how much various property features are worth -- this is going to be highly dependent on the level of house, the area, what is typical for local properties, etc."

Considering that estimating ARV of a potential deal is a crucial step to generating a positive cash flowing property that can be assessed for cash out re-financing at an appropriate price to re-coup 75%-80% or more of capital investment, this step above within ARV analysis is crucial to ensuring a good purchase.

With that being said, does anyone have any guidance, information, or advice as to how to determine the value of property features when pulling comps?  It seems that you will be standing confused like me on the outside looking in unless you actively work within a local market as an agent or contractor within a market.  

Any help would be appreciated.

Hello forum mates!

I am new here and am looking for some guidance from the community.  I am a licensed attorney in the U.S. My undergraduate studies focused on international relations.  I have a long term goal of building a portfolio of international vacation rental properties outside of the U.S.  Over the last five years I have successfully operated an airbnb in the U.S. and hosted hundreds of visitors from around the world.  

I am looking for ways to find like-minded investors who share a similar vision, books on international real estate, other forums or websites where international real estate investing is discussed, and any other tips that anyone would be willing to give me.  I speak a functional level of spanish and am particular interested in Mexico, Argentina, Uruguay, and Spain, but ultimately would like to develop a multinationally diverse portfolio.