All Forum Posts by: Kyle Swarts

I found a 2 bed 1 bath house with a decent outside, gutted inside. House was built in 66 I believe. Has a 1 car garage. Its listed for 5k. I'm estimating around 35-40 ,to rehab. Potentially add 1 bed, 1 bath, update garage, clean yard, add a new fence to the perimeter, rent and refi. I believe I could get over $1000 a month in rent for this property. I'm going to do more due diligence tonight.

My question is, how long do you have to own a property before being able to refi? I'm looking to use investor/hard money lender to fund the remodel and then repay with the refinance.

@Nicole Heasley depending on your credit and debt to income ratio, there are plenty of affordable cars. I just bought a 2014 Vw jetta with 120k miles for $5600. $0 down and my monthly payments are $120.

@Steve Bracero ty sir

Depending on my next check I want to take the real estate agent course, but if it's not enough I will take half out of this check and half from the next.

I will be doing the real estate express online course, unless you guys think that's not a good program?

If I have to wait another two weeks, i want to start studying now and get ahead of this. I'm really burned out from working my warehouse job. I found BP and REI about 2 or 3 weeks ago and it's all I can think about. So I would love to get into a career where I can learn about real estate and get paid to do it.

If you have any tips please let me know! Thank you! :) also located in Missouri!

@Christopher Palmer let me know my market value:)

@Greg Dickerson yeah, I didnt really mean investing depending on the season. I just meant the challenges during each season.

That's the part I'm working on now is learning the market. House cost, rehab costs, ARV, average time on the market, school districts, etc etc.

Want to be as prepared as I possibly can when pitching a deal to a potential investor.

@Will Fraser that's very good tips about rehabbing around what's happening in the environment!

Hi guys, so I'm completely green as they would say. I've read a couple books, perused the forums, and have listened to about the first 80 episodes of the BP podcast in the last two to three weeks.

My long term goal is buy and hold rentals. To gain a little capital I am interested in the Rehab and flip aspect of REI. Since I have no experience I'm trying really hard to get knowledgeable in the market, ARV, and writing up a good presentation to private investors or hard money lenders. Also working on finding a good agent/GC so when I hit the ground it's running. I know there will always be unforeseen issues when dealing with real estate, especially on your first few deals. I just want to minimize the risk as much as possible and I think a lot of that is in the due diligence.

I was on the forums two days ago and seen something I hadn't takin into account. Weather. I'm from the midwest and we can have some pretty bad winters and just all around unpredictable weather patterns. This makes me a little uneasy about being brand new to the game and attempting to get started around the time the seasons will be changing.

Should I just talk to real estate agents and contractors to see how the market fluctuates and potential problems with rehabs go?

@David West if you're doing everything yourself, then no. Might not be worth it. If you're contracting everything out and you're just managing the project, worth it.

@David West I'd take 6k profit in 90 days 😂😂 if there is profit, it's worth it.