All Forum Posts by: Kalim Kalla

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $119,000
Sale price: $247,900

Contributors:
Wesley Potter, Evan Murphy, Sam Neel

Awesome Deal we found for our investor, Purchased this home earlier in the year with expected numbers below:

Purchase Price: $119,000
Rehab: $25,000
Expected ARV: $165,000

This property was expected to be a rental however in the ever appreciating Atlanta Market my investor was able to flip this property for a significant amount over expected price.

What made you interested in investing in this type of deal?

The proven area and the spread on the deal

How did you add value to the deal?

I sourced the property ran a rehab analysis and ARV analysis to find out what the realistic margins are on the deal in order to wholesale it to one of my clients.

What was the outcome?

My investor got a solid deal with a great Net Profit and I was able to Complete another wholesale transaction.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $89,000
Cash invested: $140,000

Contributors:
Evan Murphy, Wesley Potter, Sam Neel

Awesome Buy and Hold deal I helped my investor to acquire. The rehab was super manageable and presented a solid opportunity to cashflow higher than 30% CoC. Investor was super thrilled to get this one wrapped up and on to the next. BRRRR method is king in the rental space and I continue to provide deal after deal exceptional returns on distressed deals. Big props to my investor for being able to stick to budget and knock out this rehab and close on a tenant within 3 months.

What made you interested in investing in this type of deal?

The low entry point of a potential BRRRR deal.

How did you find this deal and how did you negotiate it?

Found this deal within my network of agents.

How did you finance this deal?

using Hard Money and a refinance loan.

How did you add value to the deal?

I found the deal, underwrote it and presented it to an investor relationship for them to execute the investment.

What was the outcome?

An awesome cash flowing property for my investor and a wholesale fee for myself.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Perfecto Capital Hard Money lenders

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $89,000
Cash invested: $140,000

Contributors:
Evan Murphy, Wesley Potter, Sam Neel

Awesome Buy and Hold deal I helped my investor to acquire. The rehab was super manageable and presented a solid opportunity to cashflow higher than 30% CoC. Investor was super thrilled to get this one wrapped up and on to the next. BRRRR method is king in the rental space and I continue to provide deal after deal exceptional returns on distressed deals. Big props to my investor for being able to stick to budget and knock out this rehab and close on a tenant within 3 months. On to the next to grow my investors portfolio.

What made you interested in investing in this type of deal?

The low entry point of a potential BRRRR deal.

How did you find this deal and how did you negotiate it?

Found this deal within my network of agents.

How did you finance this deal?

using Hard Money and a refinance loan.

How did you add value to the deal?

I found the deal, underwrote it and presented it to an investor relationship for them to execute the investment.

What was the outcome?

An awesome cash flowing property for my investor and a wholesale fee for myself.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Perfecto Capital Hard Money lenders

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $148,000
Sale price: $270,000

Contributors:
Wesley Potter, Evan Murphy, Sam Neel

Awesome deal Put under contract and wholesaled to one of our investors invested all cash and crushed the rehab. Listed active for 8 days at $275,000. Presents a solid net profit in a pocket of Marietta located super close to schools highways and entertainment. Small but charming home flipped in this hot market.

What made you interested in investing in this type of deal?

It was fairly cosmetic with close proximity to Marietta Square.

How did you finance this deal?

this deal was an all cash deal.

How did you add value to the deal?

I sourced the property in order to wholesale it to a client.

What was the outcome?

Client faced unexpected appreciation and got a huge net profit for how cosmetic the project was.

Investment Info:

Single-family residence fix & flip investment in Stone Mountain.

Purchase price: $220,000
Sale price: $355,000

Contributors:
Evan Murphy, Sam Neel

Property Sold to one of my investors that found this deal a no brainer Expected Numbers Below
PP: $220,000
Rehab: $36,000
Expected ARV:$280,000

Property is Closed for $335K 7 DOM.

What made you interested in investing in this type of deal?

I enjoy sourcing solid investment deals and have refined my analysis on finding deals

How did you find this deal and how did you negotiate it?

We found this deal within our network of listing agents.

How did you add value to the deal?

I analyzed the ARV, the rehab and negotiated the purchase price to make my wholesale fee and get my investor a deal.

What was the outcome?

sweet net profit for my investors hard work.

 That's not data they would spend their time on price cut possibilities moves into speculation and opinion more than fact based data. Trends however you can assume based on the past couple month with causal analysis (affect of interest rates). You would be better off doing your own analysis comping out the area with homes of similar likeness to what you have in mind. 

Hey Thomas, In a situation like this the way such wholesalers structure their contracts there's not much you can do for the misrepresentation that the wholesaler stated to you. Sometimes is easier to lose the 5k EMD than deal with the headache of the situation. Based on what you are telling me it seems like 1 this was your first deal with them, and 2. you will probably not go back to them to purchase another deal. I work with a wholesale brokerage that operates extremely similar and my 2 cents is that no matter what company- it comes down to the individual person that you are working with and their moral compass. Safe to say that they seemed to have spoiled the relationship and won't be earning your long term business?

A lot of what you want to do is going to be dictated by how much capital you have and are willing to invest in real estate. Narrow down your intention Whether it be something more active such as flipping or something a bit more passive like buying and renting. Renting if you can afford to invest over a longer period of time. Flipping if you need to build your current stash of cash. After narrowing which strategy you would like to employ then you can start checking boxes off a list of what you need to make that venture successful and or Building your team. 

The best way to get started is to get into a deal. Not just any deal, but a deal that has a manageable rehab that provides an opportunity for profit as well as an opportunity for you to learn the ropes of what it takes to get a fixnflip in the books from A-Z. It seems like you more than likely have the experience that it takes to manage contractors and make sure the work gets done based on ownership of a paint company. Biggest downfalls I see are people thinking a deal is a deal when its not and going with the wrong contractors. A deal is different for all people based on their investor profile (Hard Money, licensed agent, Cash, Purchase only loan, Rehab size, ARV Upside) If you have anything specific that is stopping you I would be happy to answer any questions.