All Forum Posts by: Neil Goradia

Thanks @Dennis Weber

@Dennis Weber, is it only $300? I thought Meridian Title's process is around $1200, curious as to how they're able to do it so much cheaper unless I'm missing something? Thanks.

@Alex Silang, think back to when you were a kid. What were your dreams? What got you excited? Those are your real goals. Once you hit your CF goal, go get yourself a PM and do those instead of "scale". Life is short.

@Tomer Kamil, pretty big range but you could get a 3/1 as cheap as 45-60k all-in after rehab for 750-800 in rent. 

@Tomer Kamil, I've always considered that a C area but prices are coming up as investors target that area for long term buy & holds. I'd say it's a solid area to invest but there are still pockets of crime in surrounding neighborhoods.

There are a lot of different opinions on whether to focus on a particular buyer's needs, or to instead focus on the deals and then the buyers will follow. It's probably a combination of both, just follow what you feel adds the most value to your business and correct course on a continual basis. Keep track of your metrics and aim to improve them. Biggest thing for me was to figure out how to analyze a deal from the prospective of a buyer. Use the cap rate calculation to determine if it would be appealing to an investor after building in your profit. If the deal is too skinny then you may decide to dip your toes into a little rehabbing and flip it yourself. Good luck!

I agree with @Mike D'Arrigo, although there are some gems out there for lower prices. 

@Ethan Anderson, curious as to whereabouts your higher end duplexes are? Most I've come across are in C areas that need lots of work and max out at $700/side.

@Josh Dillingham, I think it's a smart business move on their part, but obviously wholesalers and other flippers will feel a noticeable impact with reduced available inventory. The Zillow brand has far more reach, and may appear to be more "trustworthy" than any wholesaler can offer to a motivated seller.

The question remains - how are their offers going to rank vs. an independent wholesaler/flipper? If they're super low then hopefully investors are still a worthy option for a seller to consider.

@Fred Ewert, just sent you a private message.

@William Godbe, all that seems a bit on the high side to me, but you could be just fine. The 2 houses in the 60k range - are those listed as active or did they actually sell? As you know, it is not uncommon for homes to be listed for more than they actually sell for. At the end of the day if the numbers work for you then that is all that matters.