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All Forum Posts by: LeAuna S.

LeAuna S. has started 7 posts and replied 14 times.

Post: PUD property type, how to find buyers?

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1

I have a distressed house with 13 arces that's a PUDproperty type....how would I go about finding a buyer? Should I just target land developers or fix n flippers...just not sure because the price accounts for the land as well. And seem difficult to find a land developer...that can bring the land up to it's full potential...not sure where I can find these people, I usually dont find land developers at REImeetings. What your thoughts? And do you think 185k is a good price for this land if the distress house is 1495 sq ft main level, has a full basement 1495 sq ft, needs mid to max(60-80k) repairs, the ARV for the house is 286k with 13 arces, 217 frontage. I'm not sure if the property works for fix and flip. What would you do?

Post: How to find a buyer for a PUD property type?

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1

I have a distressed house with 13 arces that's a PUD property type....how would I go about finding a buyer? Should I just target land developers or fix n flippers...just not sure because the price accounts for the land as well. And seem difficult to find a land developer...that can bring the land up to it's full potential...not sure where I can find these people, I usually dont find land developers at REI meetings. What your thoughts? And do you think 185k is a good price for this land if the distress house is 1495 sq ft main level, has a full basement 1495 sq ft, needs mid to max(60-80k) repairs, the ARV for the house is 286k with 13 arces, 217 frontage. I'm not sure if the property works for fix and flip. What would you do?

Post: Can you wholesale pretty homes?

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1

How do you know what's a good spread by approaching this method....I know the 70% rule out the door.

Post: Can you wholesale pretty homes?

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1
Originally posted by @Owen Dashner:

I think the approach best suited for making money on pretty houses is wholetaling them.  Really nail down your comps, buy the property directly from a motivated seller who is willing to accept less than market value, leave yourself enough room to make an acceptable profit, clean it up and sell it to an owner occupant for retail price.  This has been the niche where I have made the bulk of my profit this year.  This method works best in market cycles where there is low supply, high demand like there has been for the past 2 to 3 years.

Post: How much is a cosmetics job for a 1300sqft house?

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1

How much does it cost to remodel a house for cosmetics and remodel kitchen if the house is 1300sqft. 

Post: Can you wholesale Industrial Small Tract? Any Experience?

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1

Can you wholesale Industrial Small Tract? Any Experience?

Post: Wholsaling and contacting potential sellers

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1

Is it just me or do you guys get the same reaction when you try to cold call owners that happen to be Attorneys, they seem to never want to sell. I fill like everytime I find out their Attorneys.....I don't even want to try. What's your opinion?

Post: Trying to wholesale a 8 unit in cincinnati

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1
Originally posted by @Kevin May:

@LeAuna S.  what area of Cincy?  How much updating? Utilities separated? That’s just a few questions I have to tell if that asking price is close. 

Kevin

@Kevin May In Avondale, not sure of the updates because it's occupied and the seller doesn't want anyone taking pictures because he claims doesn't have any time and not really motivated to sell unless I give him his asking price. From the looks of it seems like a regular B/C apartment, it probably needs only cosmetic repairs than anything. Not sure about the utilities. 

Post: Trying to wholesale a 8 unit in cincinnati

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1
Originally posted by @Michael Ealy:
Originally posted by @LeAuna S.:

I'm a wholesaler in Atlanta and I'm working on writing down a spreadsheet of how much per sq feet a rehab may cost by category. 

Here are my numbers:

Where are the numbers?

I am in Cincinnati. 

Sorry had to edit the post...look above for my edited question.

Post: Trying to wholesale a 8 unit in cincinnati

LeAuna S.Posted
  • Atlanta, GA
  • Posts 16
  • Votes 1

I'm a wholesaler in Cincinnati, trying to wholesale a 8 unit apartment 1b/1b and seller wants 5 times the gross. Units go for $552 each, I'm thinking the price is a bit high for my liking, what do you think?