All Forum Posts by: Oladimeji Sonibare

Hello, All.

For those of us wholesaling properties, what are the best resources out there for you? What are the most effective ways to find motivated sellers, interested investors, etc.? What's your process?

Thanks for your help!

@Gene Livingston

@Kevin Sobilo

Took me a minute but I think I finally get your point. Thanks a lot for this, guys. 

Gene. Kevin. Thanks for the reply.

@Gene Livingston,

You mentioned most parts of the rehab not doing much to restore value to a property. For those looking to sell a house in need of repairs, don't defects hurt their house's appraisal value? Then, if needed repairs hurt property appraisals, shouldn't my rehab then restore value? Are fixer-uppers not cheaper because they need to be fixed?

Sorry for any inconvenience, Gene. I appreciate your time.

@Kevin Sobilo,

I'm not saying the measure of the deal is entirely in any particular step, but if I can figure how best to maximize my resources at each stage in my BRRRR, shouldn't I end up with a better outcome at the end?

Thanks again!

Greetings, All.

For those of us that are experienced in BRRRR, I'm still on the first R of the process. When you're shopping around for the best contract work for your rehab, how much of your investment do you expect to get in return? To be clear, for every dollar you invest in your rehab, how much do you expect the value of your home to increase? What's a reasonable ratio?

Thanks in advance.

@Amy Lee

@Mohammed Rahman

@Greg M.

@Steven Foster Wilson

I sincerely appreciate the feedback, guys. Shortly after I made the post, I stumbled into Census.gov and it’s been super helpful. The only thing it’s missing is data on crime/safety, corporate migration and rent/wage growth. It’s pretty thorough, otherwise. I’ll try and comb through the other sites. Hopefully, I can find all I need. Best of luck to all!

Wow. Thanks a lot, man. @Andre Crabb

Greetings, All,

I'm working on my first investment property, and, from what I've gathered from BP, the first step is to identify my market. Part of that includes assessing the demographics of the city/state I'd like to invest in, but I can't seem to find accurate/up-to-date information about demographics anywhere.

How do I screen cities for wage growth, crime, median income, etc.? Which sites can I trust?

I've been doing quick google searches until now, but I want to be as accurate as possible. A lot of sites have conflicting information. Any help would be greatly appreciated.

Buying property with 0% down seems to really place limitations on the kinds of properties I can afford. My monthly payments are too high as a result and this makes virtually every cash-producing property (I have come across) one that I would, be losing money on, after taking into account the cost of managing the property.

How can I keep upfront costs low while maximizing my return? Any tips on how to actually use 0% down to my advantage? I am based in the Northeastern US, so perhaps I would need to try another market? Thanks in advance.