All Forum Posts by: Nick Shri

Yes, they just added it last week! I would also be happy to chat if you would like!

Hey Nick, I can share a list of PM's in Cleveland.

 Did you sell? If not tell me the numbers If good I will close ASAP, do you have the POS? 

Hello, I recently closed on my first (duplex) property in Cleveland to BRRRR. The property is in decent shape and requires medium rehab. As a newbie to this, I'd like to know what are some ‘typical' rehab items/strategy to maximize ARV while keeping the rehab cost low. Any advice from investors and contractors would be greatly appreciated. Thank you in advance.

@Shane Kelly @Nick Shri @Drew Sygit

Thanks all for your feedback! It’s wild to me that people are cashflowing off their first year in these cities with these numbers. Do people tend to not factor in certain expenses to inflate their cashflow? 

I am a brand new investor and I came upon a potential opportunity in Greenville, SC.  Due to me focusing on decreasing my bad debts, I will have to present this opportunity to a partner who has the financing. It is a 5bd/4ba with 4bd/3ba on main floor and 1bd/1ba in basement.

Here are the estimated numbers:

   Purchase Price: 230,000-250,000 (Listed for 280,000) 

  Full Gut Rehab: 100,000-120,000 (I have never done a renovation before so I am just guessing high)

.  Refinance: 400,000-420,000

.  Rent: 3,500-4,000

I would prefer to BRRRR and hopefully house hack after completed as my first option with a fix and flip second option.

My questions are how should I present this investment opportunity to a potential partner and what ideal type of partner should I find?

Thank you for any help that you can provide.

Jake Fenton

My husband and I live in a home we own in Southern California and are looking to buy our first investment property. We are parents of 2 kids under 2, so we need our first property to be as low risk and hands off as possible. We are not willing to house hack (where you rent out rooms in your house). Though I do like the idea of buying a property and renting out individual bedrooms (is that still called house hacking?) but not living in the property. I like the idea of buying something cheap in the midwest, however with such low cash flow, I imagine we'd have to buy tons and tons of those to make it worthwhile. We are leaning towards buying a property through Memphis Investment Properties and using a HELOC for the down payment. Any advice or suggestions?