All Forum Posts by: Priya Duhane

I have a property that has 7 bedrooms and 3 bathrooms. I’m currently looking to rent it to an Oxford House. Does anyone kno how I can start that process? 

Ok thank you 

I have a General contractor though 

Owner

I am rehabbing a property in Detroit. What kind of insurance policy should I get? 
regular home insurance or builders risk insurance? 

I want to make an offer. What information or paperwork do I need to send the realtor? 

I like the Detroit suburban area as well. It’s hard to find anything n those areas. But I like Sherwood Forest, east English village, Jefferson-Chalmers, University, Virginia Park isn’t too bad 

I was thinking metro Detroit but it varies block by block and some areas don’t have any real comps because of that. I think I want to start more in Oakland county.

Thank you very much 

I’m looking at prices for homes that are distressed and they are asking too much (I think) for them just because the market is where it is right now. A house that has no walls, floors, bathrooms, and toilets etc worth 5k or less is now being marketed for 30k. I want my first flip so bad but to get these “investor special” deals that are out there is a little absurd. How do you list a property like that for 30k and it’s a full rehab?! My GC said estimate 70k and I can probably sell it for 110k. It’s an off market deal with an wholesaler and this guy tries to tell me the rehab is just 35-40k. 
I’m so anxious to get my first deal i don’t want to make the wrong decision just to say I have a property. I like the property and I think it has a lot of potential but what they are trying to get for it is terrible. Am I wrong?

Everyone is trying to capitalize in this market right now. Home owners, realtors, wholesalers are all giving unrealistic numbers for garbage properties.