All Forum Posts by: Matthew Novelli

@Aaron K. I don't know why it didn't bring the link over. Let me try this.15322 Parkville Dr

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

15322 Parkvill Dr

Thank you for responding Jeremy. I'll check there.

Do you have plans of future meetups?

@Daniel Haberkost

I will check out a local meetup and start networking. Thanks Daniel.

@Daniel Haberkost

1. I’m searching for homes that have sold in the last 90 days in the same zip. I set the square footage range from a couple hundred below to a couple hundred above the subject  house. I’ll search for the same bed and bath count. If I do a rehab, should I find comps that have also been rehabbed?

2. I’ve been mainly focusing on flips.

3. Rehab estimates have been a guessing game so far. I still need to do some research in that area.

I haven’t been to a local meetup in a while. Do you recommend one I should check out?

@Tim Herman 

I’ve used the fix and flip calculator the most but have used the rental a few times. I believe I factored 5% for vacancy, 7% for cap expenditures, 10% for maintenance, management fee 10%, 30 year loan at 4%. I just don’t know how to figure a hard money loan in there. I guess on rehab as well. 
I understand guessing will bite me in the *** but that’s how I’ve been doing it up to this point.

@Daniel Haberkost
I'm not sure about ARV. I'll run comps but don't know how accurate I am. I also don't know if I'm way off on holding costs. Rehab is a bit of a crap shot as well. Even though I've been guessing, I still enjoy running the numbers and looking at houses.
I have noticed it’s slim pickings here I n the Austin market. As a result, I’ve been looking in the Houston area and mainly using realtor.com.

Good morning BP,

I've been analyzing deals like crazy since I became a pro member couple weeks back. I've got my real estate license so I've been using the MLS but also realtor.com, Zillow, and Redfin. What other places should I be looking for homes? Also, I don't really know what I'm doing and would be extremely grateful if someone could take a look at a deal or two I've run numbers on. Thanks in advance and happy Friday BP fam.