All Forum Posts by: Matthew Koch

Just simply trying to confirm that the numbers that I had put into this property for a rental is accurate because to me it looked awesome but I wanted to know if there was some expense that I was missing the somebody else might be able to point out and then I would have to adjust the numbers. The information can be found at the marketplace in Twin Falls Idaho for the property at 1140 Blake Street North.

I look forward to hearing from you and thank you for your time BP members

So I'll go ahead and apologize ahead of time because I often have run on sentences and typos everywhere because I use a voice to text feature so I can even use my phone while I'm driving a front-end loader. A simple question is and I haven't done much research on it yet or looked into it for my homework but is there a portal or some sort of media program or website that is kind of like the concept of the MLS for houses in real estate but a place where a person can go and say hey I have this deal this is what it looks like these are the numbers this is what I'd like to pay for it and then have the hard money or the private money lenders kind of compete for my business?

I would think if it is not required it would still give you piece of mind knowing that the price that you were aiming for can be confirmed and the refi might give you more. I will do it in my own deals just to know where I can go with my next course of actions based in how much is availble cash back. Good luck to you and hope that it works out in the end.

Well I can definitely say that you have some skills and qualities that I'm trying to learn about but of course I don't have the time yet Implement some of the stuff so just learning how to build from the ground up.b the only one thing that I do have to offer anybody is that I do have a certain amount of time that I could use to be on the phone pretty much all day long from 6 a.m. to 5 p.m. now those are my working hours and I work Monday through Friday however I have my Bluetooth headset on literally have all day long with me and can negotiate a deal or talkto someone about their house and go the distance for due diligence least from digital perspective and can do comps where I can do them. 

Welcome to bp and look for you around the site.

Well hello @Tyler Mcgee!

I'm a up and coming realestate investor as Well from twin falls area and alight, ya you got me I've started this journey around March this year 2019 then quickly faded away for my wife shot me down for doing anything realestate related as it took to Much time away from her! Anyways, I wanted to Reach out to you and possibly network to see where you're at now since this thread is a little over 4 years old! 

Hope to hear from ya!

Matt Koch

Well thank you sir.

I guess what I was trying to get at is knowing what the person is going to do with the property after I'm able to sell it to them to me I imagine it would be the difference between a wholesale deal and selling the house over the original $20,000 that I had suggested in the scenario meaning of to 70% value rule and technically the house we need to be sold somewhere between 150k to 200k.

However if it's just a cash sale and it's bought at 20k fixed up with 40k and resold for 120k then that's a 50 percent profit then minus expenses and holding costs as well as insurance and closing fees and such.... I'm not sure how else to describe it except for asking how do you know who to sell the property to and if they're the "right" purchaser for giving you the most money for that property as the wholsaler will low ball you and retail buyers will pay the marked up price but rehab people will nogatiate a fair price.... I think.... Ill reag more onto the ubg and maybe ill figure out that answer...

Well I definitely have a question for everyone who's out there because I listen to almost 95 episodes of the BiggerPockets real estate show and I'm absolutely loving it. However what's going through my mind is this in the cycle of buying and selling and real estate and wondering where the end actually is. Now all of these numbers and all these people I'm going to point out and put in this Narrows completely fake and fictional but I just need to have something structure for an example so I can ask this question appropriately. The question simply is I start out with property a and I am an investor and I'm done upset this job such as a wholesale deal so I talked with property a and I'm going to set up a contract that states I am going to be the buyer and or my partner and this property is going to go for $20,000 and then I'm going to go out there and find a third party which that is part of this question who is that third-party? How will I know or I will I be able to identify what their intentions are of the property meaning if I knew that with their in-game was then I would be able to set a path and getting my connections made and my lists of the two or three fires that I could talk to you and figure out if they are a wholesale type of investor or there a they're a buying and  hold type of investor or they are going to get somebody in there for a rental property. Basically if I set up this contract for $20,000 and I wholesale the deal too that third-party How will I know for sure that third-party is who I want to sell it to when I could actually just sell it to a buy-and-hold investor instead or a Fix and Flip investor and let's say that Fix and Flip investor takes the house they buy it from me for 20k and then they do their own thing with it and they fix it and flip it turn around and sell it for $60,000 whatever and the question Still Remains where does it stop where does that price point cap out where is the ceiling for the value of that house to remain at a certain number or will it continue to go up because it seems to me like the whole real estate investing game will be swapping out one houses value at one point in time at a low price and then it'll just continue to go up depending on who is the next person that's going to buy it. So let's say that same scenario and property does sell higher than 60000 and the end person who does move in there would be a regular Joe and they're going to live in there with their family on a mortgage and a note, can someone then come in after 1 year of those people living there c sell that property again for 60000 70000 80000 whatever the amount is  and then the cycle starts back over again depending on who that buyer is if they're going to wholesale it for a higher amount or if they're going to live in it themselves as a primary residence I mean I'm just looking at this whole perspective for or real estate as a huge cycle like where is the beginning and where is the end for that price point on the house and is that all just based on running the numbers within that particular Market in that area to know the value of the home and then go from there?

I have other posts that was I regards to investing into a house that my coworker would sell to me and I would have the  place setup and staged for renting it out for a hospital in relationship to allowing any and all staff that are traveling through to be allowed to stay there at " my place", which is how I'll refer to this house....

I expended my options to trying to qualify for a loan the conventional way and even a fha loan for his asking price of 200k was or of my reach on my own. I can qualify for 100k as I had been told 194k originally but that feel through.

Point is that I want to get into this house but I'm guessing I need to get a partner to do that and make this happen. Onve I have the partner then I can make the offer of the lifetime and get this place under contact for a set price of about 200k. I believe with a hospital partnership that I can offer this house to their employees for 5k a month and basically play hotel or property manager and get the entire house fully furnished and they would hopefully agree to a down payment first of 30k to me and a year to year contract. Point is that I think this will work for the right person as I dont have all the funds to qualify to do this up front or pay closing costs or title insurance and I can only get the loan itself with the 3000 down myself. My head I get the house for 200k. I sign weigh the hospital at 5k a month and they give 30k up front for 6 months. I furnish the house with the stuff they need for living like beds and dresser drawers etc, then play property manager and get the lawn then care of and such. On to of that the partner whom goes in on this with me can get the major half of that 5k to repay then back in less than 5 years or so depending on how much they bring to the table.... 

I'd like this to work but I am not sure Or am i out of my mind?

I understand that it would be easier said than done however I look at it in the scope of the way I could use Google SketchUp and create buildings or 3D models just on that software then find out where the software Engineers are and the computer coders and programmers are and connect with them for software that implements onto augmented reality such as an app you download for your phone and then put on those cardboard type of glasses didn't have a controller hooked up to it so you can navigate through the house if you're not able to go onto the property I do something long distance fire a virtual tour....just a thought

I'm curious whether or not the technology of today will eventually be infused with our contractors and subcontractors and the life work on a project that allows people potential buyers to see what a house would look like given certain options on floor plans to just be with ditions or adding certain cabinets or colors in a virtual reality type of setting. Imagine talking to a real estate agent or estate investor and they show you a house that is going to be rehab it is horrible but then you put on these glasses and the information is in there on what it would look like after it's done so you can imagine and picture actually see what it would look like all fixed up in the colors you can choose right then and there for the options and then also the layout of carpet or even picking and choosing styles of beds cabinets refrigerators and furniture so the customer doesn't have to be discouraged on looking at the horrible house that it is now but what it could look like for the possibility of attracting more buyers to that specific property....

 perhaps it's already a thing and I just haven't looked into it as much I just had an idea and thought I would throw it out there