All Forum Posts by: Account Closed

@Brandon Sturgill

The home is being sold for $85K and the most recent assessed value is $121K sorry made a typo.

@Brandon Sturgill

I figure the current value is $126K +$40K in repairs... which brings the final value to $166K but as stated above I’d sell for $180K...

Hello everyone! I've found a deal in my area where the home is being sold for $85K, but as it sits it is worth $126K so even before repairs it's got $41K in equity in it. It could use about $40K in repairs. So that would bring the total hard money loan to $125K and the ARV of the home to be $161K. From my research homes in the area, once rehabbed can sell for $180K-$200K I'd feel comfortable listing this home at $180K so before taxes that means a $55K profit..I'm young and eager to get started so I'm wondering would it be possible to find a private lender to cover the down payment on the loan, pay them back + cut them in on the final profits?

@Tina Tsysh Thank you! I really appreciate your advice. 

@Dan Sheeks Thank you so much! Can you private message me your contact info?

Thank you for the help! I’ve got all my records and things of that sort. But still was a bit concerned investors wouldn’t take me seriously. 

@Joe Villeneuve Yes I definitely would say successful. 

Hello all! I currently am 18 and I own a small business (Demolition and Junk Removal) however my main goal is to enter real estate ASAP. I'm looking for advice as it relates to assembling the funds to complete my first flip. I know my age and experience would be of concern to any investor I try to pitch a deal too. Any advice on where to go from here?

Im 18 and I would like to try to flip 2-3 homes in the next year or so. I'm just wondering is it worth my time investing in D/F Neighborhoods and rehabbing the properties. My goal is to make $80K in the next year or so. Just trying to start small and build up. Thoughts?

Anybody have any good ways to find real estate investing partners?