All Forum Posts by: Ryan Marrs

Hey Joshue, 

I know this is a little late, but I have had great experiences using Ronco Construction. 

Update: This deal is under contract to close in early January. I've partnered with a great local investor because of this post to make this deal happen. Thanks, BP!

Tulsa Wholesale deal. Will make a great rental unit right next to TU $900-950/mo, or flip. House has furnace and AC window units.

Repairs:

• Kitchen sink drain leak
• foundation repair: quoted from All Lift & Leveling $1,000, (walls & brick in good shape, floor is pitched in room next to kitchen)

Looking for a Joint Venture partner to take on half of the down payment of a mobile home park I have under contract. Park revenue is 120k/yr and NOI 77k. Message me for further details if interested.

Looking to purchase a Mobile Home Park. Prefer purchasing in OK, AR, and MO. Price range in the $500,000 - $4,000,000 area. 

If you have a park and are looking to sell, or know of one I am interested.

Thank you!

https://photos.google.com/share/AF1QipMW-Nnt-7q6QVO-RfwujIug0TruJbTw45YK3CsizfatHt3wfN1I2Ua_D_gQqRTy9A?key=UWNmNFR6TmZHY0t5SkhqRVpkYkN5cEZtbnJxRUN3

It was a HUD bid. Auction ended 26th and I was awarded contract at $35,750. House has been cleaned up. Copper was taken from breaker box and a few holes in ceiling Sheetrock. I already have a deal in my pipeline I'm rehabbing as a rental, so I'm offering this as a wholesale deal. If no buyer I will rehab and rent.

Let me know if there's any other info you'd like.

Just put under contract from HUD bid 7/26/17. Offering as a wholesale deal to investors looking in the Tulsa area as my 2nd exit strategy. I have until August 23rd before I can start the rehab process, so property is available for wholesale until then.

Great investment opportunity in nice C neighborhood. Needs new electrical, HVAC, and water heater. Structure, foundation, roof, siding, walls in great shape. Wood floors in living area, hall and bedrooms in ok condition and can be restored. All subflooring/walls in good shape.

Estimated repairs 18-20k. ARV $81,000.

Pictures and additional info available on request. Will have some up soon. 

Hey @Melanie Tribble, that' a good question. This is actually my first BRRR, and I won't be pulling enough out to make extra money, so I haven't dealt with that yet. I would ask a CPH to be sure, but I don't believe the IRS considers money from a mortgage or ELOC as taxable income, since you're boring it. If you sell the house and make profit then it will definitely be taxable, unless you do a 1031 exchange and buy a new property with money.

Hope this helps. And happy investing!