All Forum Posts by: Tyler Thrush

I listen t o podcasts all the time that cover current events and different systems that people are using to makemoney now. look on itunes or whatever site you live and look up real estate podcasts as there are some really good ones!

thanks just wanted to make sure i was on the right track

Hi All

I am currently looking at a sfr in manslfield texas that is an reo property. The property currently needs a roof repair that has been quoted at 5000-7600 and the current list price is 174000 and rental rates are right around 1700-1800. Comps are selling right around 170000 but this property has been on the market for 150 days. That being the case here is my reasoning based off of my knowledge and the knowledge that i have gained from biggerpockets.

174000*.65 = 113000 - 76000 =$105500

My question is this ... The most I should offer would be 105500? That being the case should i start lower than that?

thanks

I have a beach condo (not on the water) but we rent it out for 2000 per week at peak season and drop it down to 1300 during the offseason. This is our first summer doing it and it is more work than our other properties that have 12 month leases but i think after working the kinks out we will cashflow on a property that we were about to take a serious hit on. hope that helps!

I have some proerties i am looking at in texas that are sfr's in tarrant county texas. I am looking for a hard money lender who would be willing to do hard money loans for properties that will be purchased at 55 to 60% arv. any ideas?

I would suggest having an escrow officer do it for you. Ask the officer who you used to purchase the property to help you out. I would also inspect my loan docs as some banks will have an acceleration clause related to any change in how the property is vested. hope this helps

i better listen to the new podcast!i have been doing research on my own but so far all i have is a headache

i know its too bad there are no reviews im really interested if anyone ahas applied the concepts yet and what their success has been like using the program

Has anyone attended this course? it seems like an interesting concept but have not heard of any reviews from past students

Thanks Wheatie! that was informative and entertaining. i am going to check the two rentals i own and see how close it comes to that 50% my guess is pretty close! on a side note the properties were put under contract yesterday so I am pretty sure it is time to look for new deals!