All Forum Posts by: Kyle Swarts

https://www.redfin.com/MO/Troy/100-Ellis-Ave-63379/home/78203522?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link

I looked at comparable homes sold within 6 months in this same area and there was 1 for 125k that was just an Insane deal in my opinion. Next cheapest is 137, 144, and up. All with 3/1 basement. Is it safe to base an ARV off these properties? This in my neighborhood and this house is in a great location for commuting in town or access to the highway as well.

I'm also wondering on what you guys think this thing would need in repair costs. Just a general estimate obviously. I plan on calling the realtor and talking as soon as I get off work and then getting in touch with a contractor I know through a friend.

@Kristel Knittel great advice thank you so much! I will start the search!

@Cameron Tope thank you for the encouragement and I 100% agree. I thought by about episode 30 I could do a successful deal.

My main concern is lack of knowledge on expenses for rehab materials and labor. I dont want to be takin advantage of.

I posted something earlier, but will realtors happily give you access to an automated MLS service? I'd like to browse deals without bothering them too much before finding something I'm actually interested in.

Want to order two ultimate edition books. Is there any current promo codes out?

Or do you have to have a personal relationship before asking for this sort of thing? I want to take the leg work off of the agent, because I'm fairly new and have no idea exactly what I'm looking for. I dont want to waste their time by having them send me random deals. I'd rather do the work myself and then contact them about a property that interest me.

@Cameron Tope I'm actually currently on episode 95 and just put in an order for brandon and J Scott's books. I've learned a lot, but there is a big difference in hearing/reading and applying it to a real life scenario. The "analysis paralysis" is very real. I want to pull the trigger, but I also want to minimize my risk as much as I possibly can. I know its NEVER risk free, but with enough prep work you can make educated reduced risk investments.

I'm also really interested in multi family/house hacking, but I need more capital to fund that first FHA. This is where my interest in flipping comes into play using HML, private money, etc. I want to be as knowledgeable and prepared as I can before pitching anything to anyone. I want to be upfront and honest about my experience, but let them also know I'm putting in the effort to learn before acting.

Appreciate the feedback!

About 25 minutes in, the guest is talking about an 8 unit apartment building. He says there is 1 unit with nothing but a mattress, mini fridge, and a microwave. Then describes how the owner took 3 or 4 units and merged them into some old style speak easy.

I got some weird vibes about what that owner may have been doing with that place...

@J Scott ty! I'll grab both of these!

@Amanda Kessler agree 100%. Was a rough guess, but would not proceed without getting a few estimates for the scope of work needed to make this place shine.

@Will Barnard appreciate the feedback. Yeah I'm just looking over options. I would never approach a lender without having as accurate of numbers as I could possibly get and then go over that just to be sure.

The 250 figure is just an estimate based on current properties around the area with less perks than this place could have. Same with aforementioned, I would never approach an investor or lender without doing an in depth analysis.