All Forum Posts by: Alexis Perry

Hello Richard,

Is the property manager position still available?

Thanks for sharing!!! It looks amazing!!

The ferry is already up and running in Williamsburg that takes people to 34th and Wall Street. Although the J/M/G lines aren't any better than the L train those are alternatives. They will provide lots of shuttle buses which people in that area are used to considering the L always has some sort of shutdown.

Hello Shawn,

Is this property still available?

thank you @Mark Nolanand @James Wise

Hello Everyone,

I currently wholesale homes but I'm looking to learn how to flip and fix homes. I love meeting new people, networking and learning. Although I reside in Harlem, I commute in the tri-state area to network and look for new properties.

These are all great!!! 

Thanks for the info Stephen, Steve, Christopher and Michael!! 

I will let you know if I find the owner.

Thank you David Dey and Aaron Kushner .. The property is located in the Bronx. I took a picture of the ticket also. I will just go down to the office then and see what I can dig up!!

Hello Everyone,

I saw an abandoned home while visiting a friend. 2 weeks later i saw a ticket on the door with a fine saying they needed to clean up the property. I've tried searching for the owner's name and address but still no record. 

Any Ideas?

Thank You

Good Evening,

My name is Alexis and I am new to real estate investing and wholesaling. I haven't found a deal yet but I have created a small buyers list.

The home I am looking at now is boarded up and the listing says that they are asking $22k

I tried using the flip calculator on BP but it confused me a little.

I checked against 3 other comps and determined that the home can sell between $90k-$100k.

When I put the numbers into the BP calculator it gave me: According to the data you provided, you can afford to offer $27,900.00 to get this property under contract and your end buyer will pay $32,900.00 for the property, netting you a wholesale fee of $5,000.00. This is based on an eventual ARV of $85,000.00, a profit for your flipping cash buyer of $20,000.00, and a rehab budget of $15,000.00.

Financial Breakdown

Purchase Costs

Purchase Price:	($32,900.00)
Purchase Closing Costs:	($3,000.00)
Total	($35,900.00)

Rehab Costs

Total Rehab Costs:	($15,000.00)
Total	($15,000.00)

Holding Costs

Monthly Holding Costs:	($2,000.00)
Total Days Held:	90
Total	($6,000.00)

Sales Costs

Sales Price After Fix Up (ARV):	$85,000.00
All Selling Closing Costs:	($3,000.00)
Real Estate Agent Fees:	($5,100.00)
Total	$76,900.00

Total Profit for Flip

$20,000.00

NOW IT  CONFUSED ME...

HELP NEEDED - I can't determine if the deal is good or not.

Thank You in advance.