All Forum Posts by: Mike Kennedy

@Tracy Schultz if you have 36k liquid there's no reason why you can't start now, we help investors like yourself in these exact scenarios. Just talking rough numbers here with a 100k purchase price, 30k rehab (fairly extensive for a rental), 165k ARV, the estimated cash to close is under 20k with us

Hey @Melissa McGrath

I would focus on finding deals even in the beginning stages of information gathering/saving money.  There's a lot of upside when finding a good deal aside from just wholesaling it out to help build up liquidity.  

Try partnering with someone use the cash you already have for a percentage of equity if you can't finance the deal entirely yourself. You'll be surprised the type of creative structuring in deals you can come up with that end up being beneficial for all parties involved. Seeing the process of a rehab from start to finish, time/contractor management, will be extremely beneficial down the road for when you are able to do the project on your own.

According to this article about the top 100 U.S. housing markets for over/under pricing, Houston, TX is ranked 57th out of 100 cities with a 17.99% premium (over priced)

Full article here:
Top 100 U.S. Housing Markets for Over/Underpricing | FAU Business

Thoughts?

What is the goal of your company, to find flips, rentals, multifamily?  Seems like these days if a deal is on Facebook, Craigslist, My House Deals that it's probably too late.  These groups are saturated and most wholesalers are squeezing every cent possible out of a deal. If your strategy is picking up rentals then maybe not. There are bigger wholesale companies like NWA (not in AL) that provide a larger number of deals as well. Working with a HVA franchise might provide an opportunity for deal flow if they can't handle the amount of leads/deal flow. Hope this helps in anyway