All Forum Posts by: Nick Robertson

Matt K. The ARV should be in the $4.4 million range after the work that needs to be done. Comps for the area are few because of the type of property but there was one near with less square footage and smaller lot that sold for $4.2 million in April this year. Sorry for the confusion. And I am in the infancy stages as this was just presented a few day ago which is why I am reaching out for advise.

Hello fellow investors, I need some guidance. There is a property that my buddies Grandpa is selling and it’s in the very upscale part of SoCal. Problem is it’s a HUGE home that is already beautiful, with over an acre of land, but needs modern upgrades since it has original features like green carpet. The home has a potential ARV of over $1 million over purchase price and probably needs about $200k-$300k in rehab/upgrades cost. I feel like it’s a great investment but obviously is more money than I have to cover the cost. Can you guys help me with some ideas as to how to purchase this home from my buddies Grandpa without using my own money? The asking price is just over $3 million. What is the best way to utilize lenders to make this happen? Again, I’m new to investing but a deal is a deal big or small and I see good money in this. Thanks for the guidance. -Nick

Thanks Duc Ong, I sent you my contact info and would love to meet up and chat. Let me know when would work best for you.

Thanks @Lane Kawaoka! I am not sure who Mike M is? By the way, I recently listened to a podcast you did with MC Laubscher, great stuff!

Hello, I am new to BP and my wife and I just moved to Oahu HI from CA, and we currently live on the windward side of the island. I am eager to get started with everything in the real estate investing world (wholesale, Buy and Sale/Hold). I am learning everything I can through the local REIA group, forums, and seminars, but I don’t know where to actually start. What I am really looking to do is have someone here on island help me out in the business. I learn best by doing and I have found it best in past endeavors to learn from someone doing it here for a while since things are a little different here. Is there anyone on island that I can get involved in a property with or show me the way? I feel once I see how it is done from A to Z, I will that much more confident in going at it alone. I guess what I’m looking for is a mentor (or even partner) I can meet with and walk through the steps. I’m willing to do whatever it takes to assist because knowledge is going to pay off in the long run. Anyone like that here on Oahu that is willing to help me out? I would very much appreciate any assistance. Thanks for your advise and consideration ahead of time. -Nick