All Forum Posts by: Kyle Ewanic

Hey y'all! Hope y'all are doing great during these holiday weeks.

My question is pretty basic and I'm honestly just curious about everyone else's experience and insight about deal analyzing software. I'm limited (at the moment) with my marketing budget and want to put my investable funds where it'll count the most.

I'm currently a multifamily renovation contractor. I've been working the carpentry trades from dirt to turn key (on and off) for the last 15 years and I'm ready to take 2023 head on with investing. Don't have a lot of capital but I do have real estate knowledge, deal and syndication knowledge...just barely any experience. So I guess you can consider me a newbie. I'd like to pursue wholesaling for starters to get that deal analyzing experience and momentum under my belt. My big goal, however, is to understand and get fully into the 50+ units multifamily investing.

With all that being said, my question is which of the following deal analyzing software gives you the most bang for your buck and is completely worth it for a wholesaler/flipper newbie?

1. Batch leads

2. Propstream

3. Flipster

Any feedback would be greatly appreciated. If there are other programs out there that I didn't mention, please mention them also with feedback. Keep in mind, I'm starting out with a very very minimal/tight marketing budget.

Appreciate y'all, what you do and stand for, and all the feedback.

Love and light with abundant blessings. Cheers!

-Kyle

@Celeste Carter-McAfee

Sounds like a golden opportunity to me. If I were in your physical shoes, I would definitely use that one unit as a way to put together a renovation plan. Just from assumptions, the current tenants might have been there for a long time paying the low rent. If you put a few solid updates in your one unit, perhaps choose the next tenant's unit where the lease is close to expire, offer them first dibs on it your newly renovated unit before you advertise, terminate the renewal. Once they move out, rinse and repeat until you've upgraded the majority, if not all.

Of course, there are several ways to go about this, depending on your state laws and renovation budget, that was just one of them.

Many blessings

Hey y'all.

Appreciate you taking the time to respond to my confusing post lol.

Allow me to clarify. Without going into a ton of details, I'm going through a separation and literally starting over from scratch. No money...still tied to ex-wife so no ability to obtain conventional financing.

I'm looking for a property that I can live in, put renovations into while living there, and essentially BRRRR.

I'm struggling finding the finances for this project. The asking price I believe is way too high considering how much work this particular house needs. The property is listed on the MLS so I have to go through the agent. The property is probate and vacant which is huge!

I feel like creative financing is my best bet but not entirely sure how I can articulate it so the deal makes sense to the seller... I'm thinking to myself, what would Pace Morby do? Lol

I guess my question is, can subject to be used to purchase a property you intend to BRRRR?

Thanks for any and all insight

😎🤙

Hey y'all!

So I'm trying to get going with wholesaling properties to gain momentum and build capital for my real estate business.

I'm curious to hear feedback from these two deal analyzer software and what would y'all recommend? Which one would you get the most bang for your buck?

Thanks

Kyle

@Ramón Cortez

I am interested. May I please have more information?

I have a property on the MLS I'm interested in purchasing and BRRRR. I intend to live in while renovating. Meanwhile, working on other deals/projects. The home is an inheritance from the original owner (now desist).

Is it possible to buy a home subject to if it's an inheritance?

If so, how would I best go about making it a BRRR investment?

Thanks

So I'm new to the Charleston area and I'm looking into a property on the MLS that needs A LOT of interior updating work. I'm a GC so I intend to live in renovate the property myself.

A hard money lender reached out to me via email and says he'd be willing to finance my project at 5%. Seems too good to be true...the fee he's charging is $2500. My issue is, he doesn't have any website or Facebook so I'm not sure if I want to go with this person.

My credit is around a 650 and I haven't lived in the area long enough yet so I'd like to try to not have my credit run because I don't think I'll get approved and I'll just hurt my credit when it gets checked.

Does anyone know where I could find a hard Money lender in my area for my first Charleston investment?

Any and all advice is greatly appreciated!! Thank you.

Kyle

@Hayden Albert

Is it virtual or in person? I would absolutely love that! Thank you so much for the invitation!

@Alexander Knowles

Such huge points made in this! Thank you!

That's actually been something in the works for me. My current employer here in New York is schooling me all about the business owning/running side of contractors, plus listening to contractor and business related podcasts and audiobooks.

I'm excited for networking and making friends in a new area and specifically in the REI community.

Thanks again for the input and sound advice my dude!

@Jacob D Adamczak

Awesome! I grew up in Hamburg, ventured out west for eight years and moved back to WNY up in Wilson in 2017. It would be great to connect with someone else who not only shares a vision forward but also comes from the same background!

I appreciate the advice my dude and look forward to connecting with you when we make our move to SC. 😎🤙