All Forum Posts by: Muaz I.

Hey @Jacob Michaels,

It's been going great. We started our marketing campaign in November, and got our first house under contract in December. We didn't, however, sell the house until January. Along with that house we managed to sell another two properties in January. We were hoping to do more in February. So far we've sold two houses this month, I'm hoping we can try to squeeze one more in by the end of the month, but it may be tough.

How about you? How are things going?

By the way, please feel free to message me about any specific questions you may have.

There is a group on FB titled DFW BiggerPockets and Real Estate Investing...You can search for it on FB. Just type DFW BiggerPockets and it should come up. Request to join it and they'll keep you updated with local events, etc.

Has anybody in the Dallas/Collin area had any success with Bandit signs? Also does anybody know what the laws and limitations regarding them are? I wasn't able to find much information online, however, I do see quite a few in certain areas when driving by on the weekend.

Hey everyone! I just kicked off my wholesaling business in the Dallas/Collin County area. A friend advised jumping on to BP and introducing myself to start building my network and gaining some advice from you more experienced wholesalers.

I am now just completing my first month of marketing and have a few leads on the table. Haven't closed on any yet, and it's been a little tough analyzing leads and determining deals, etc, however BP has indeed proven to be a great resource. Any and all advice is welcome!

That's a good idea; I hadn't thought of that. Thanks for the help, guys!

@Shaun Reilly

Thanks, so I know that in Texas it definitely adds to the value, however, is there any quantifiable method of determining how much the lot size will add to the ARV of a property?

or maybe in the above example, if I was to determine the ARV to be more than $175,00; is there a cap to how much more I should add to the value per acre?

@J Scott

@J Scott

Thanks William,

I haven't gotten that far as of yet; I was more so inquiring regarding how to calculate the ARV before I move forward with it or even determine if it's a deal or not. I was having trouble understanding how to calculate it when there are distinct discrepancies, like extra acreage, or a swimming pool, etc?

For example:

Subject Property is 2000 sqft. 3 bed/2 bath. 1976 built And sits on a 3 acre plot ($?????)

Comp 1: 2100 sqft 3 bed/2bath. 1975 built and sits on a .20 acre plot ($180,000)

comp 2: 2050 sqft. 3 bed/2 bath 1978 built and sits on a .20 acre plot ($175,000)

Comp 3: 2150 sqft. 3 bed/2 bath. 1976 built. Sits on a .25 acre plot. ($182,000)

Although my subject property is almost identical to the other three comps, it has significantly far greater of a lot size. How do i adjust to account for that?

Just getting started with wholesaling and concluding my first month of consistent marketing. I've got a few leads on the table and am starting to run into a problem. When pulling up comps how do you guys readjust your ARV for discrepancies which may arise?

For example, I'll often run into a property which may only be 2000 sqft but it sits on a 2-3 acre lot. From my comps I find enough similar properties with the same number of bed/bath/sqft/etc. but none of the comps will have the 2-3 acre lot size of the subject property. How do i readjust my ARV to account for that extra acreage?

Or for example, if all my comps don't have a swimming pool but my subject property does, how do I adjust my ARV and account for that?

Or, If subject property doesn't have a garage, but all of the comps do have a garage?

Does anyone else run into similar problems?

Sorry If these questions have been answered elsewhere, I didn't have much luck finding any answers. Thanks in advance!

P.S I'm located in Dallas, Texas if that's relevant at all to my inquiries.