All Forum Posts by: Xavier Youngblood

Move out of CA, such an oddball market. :mrgreen:

Averaging 5 deals a year...What are your local investors averaging? What about the top 10% in your locale?

As a comparison we have new investors in the Houston market crushing 25+deals/yr as investment properties. 10/yr seems to be the average for the motivated investors. Flippers and wholesalers are doing larger volume.

Spot on Ryan! Find the right title company and these transactions are smooth as silk. Illegal...right :roll:

:lol: :lol: :lol:

WOW! :mrgreen: that is excellent advice. Who can top that?

If I could no longer participate in real estate I would start a company in strategy consulting.

Best advice in this whole thread. Join a number of groups; meet lots of people. There is no one type of investment or investor. Everyone is a little different and so are the deals. It is what makes this industry fun.

-XY

A family member just went through a similar deal. Chase, was not interested unless the owner missed 2-3 payments. Any guesses in what the owner did?

-XY

Thanks for the extra detail; enjoying the thread especially since we are in the same market. Wondering how you arrived at ARV? Looking at the comps its slightly less than what I derived.

Longtime "lurker," first time poster; I registered to post in this thread.

Danny,
I tried to follow your three deals posted in this thread but got lost in some of the numbers and operational details. I ran some numbers based on the listing you provided and it looks like the comps are coming in around $124K~$128K.

If I recall the deal you bought at 109K and 20K rehab; after reviewing the numbers, you are pretty close to break even.

Am I missing something?