All Forum Posts by: Luis Rodriguez-Guerrero

This is a deal I just picked up to wholesale and wanted to see if it would be a good rental to pick up. After running some numbers, I was shocked of how bad this would be for a rental. I just figured a high insurance payment, not really sure what it would come out to. This may work better as a quick flip if timing works on my end but I do fear that we'll see the additional rate hike next year, global economy is looking worse than it did a few months back. ARV holds true to todays recent home sales data but to your point, it may dip in a year. Taxes do incase on rehabs, thanks for the reminder. Numbers may look better as a flip? Numbers might still be tight.

I'm analyzing this deal near me and I just want to make sure my calculations are correct? If so I need to pick up this home a lot cheaper than $270k. The interest rate and fees I used on the hard money lender section are true rates and fees that a local lender is offering at the moment. This home may fit better as a quick flip rather than a rental....

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*This link comes directly from our calculators, based on information input by the member who posted.

The home is in Texas, so I'm really not sure what the insurance would be but calling a company would help. And yeah put down 10% on both. Just re ran the numbers. Got a small chunk of change of positive cash flow. Taxes will definitely increase with renovations, I did not think about that. Thanks!

*This link comes directly from our calculators, based on information input by the member who posted.

3 bed 2 bath - 1374 sqft - 1979 build - PP $250k ARV $420k

Could be a great open floor plan with a kitchen to living room transformation. Will need full interior updates. Home will need new roof, A/C unit and new furnace. 3 week leaseback for 1k.

Call me at (737) 201-7636 for an appointment.