All Forum Posts by: La'Terrius Campbell

@Will Fraser Thank you!

What’s the best advice anyone can give me about dealing with contractors? What mistakes have you made that you wish you didn’t when dealing with those couple bad contractors?

@Jim Pellerin thank you!

@Matthew Crivelli So, I basically leverage my first property with another property that produces more cash flow? I seen someone use a formula like this $300,000/0.25=$1,200,000. So, if I cashed out refinanced $75,000 from a property should I use this formula $75,000/0.25=$300,000? Or am I doing it wrong?

Can someone explain to me in depth what leveraging is, and how it works?

@Jim Pellerin what if there aren’t any fully remodeled homes in the area like a fix and flip? I just choose the nearest fully functioning home? One that’s not fully rehabbed but is in a livable condition?

I'm comping in a area in Detroit that doesn't really have any fixer upper homes near the one I'm trying to wholesale, so what do I do to determine the ARV and determine my MAO? Do I just comp it with the other distressed homes?

@Duane Alexander thank you! I’m new to wholesaling and I’m trying to learn as much as possible!

@J. R. Crowell thank you!

@Shari Peterson thank you!