All Forum Posts by: Sam Deb

To add to my last response, it will be most likely long term investment - buy and hold. And also plan to spend some time near the water in between rentals. Side by sidy can get the house fixed up after each rental etc.

Thanks,

-Sam

 Thank you, @Carter Anderson it was really good information packed advise. Thanks a lot. I will be in touch.

Thank you @Green Hill, I will be in touch with you. 

Thank you @David Ray Norris Jr., appreciate it. I will get in touch with you.

Thank you, @Colton Rainey

Appreciate your insight. I guess I will focus on the South side in that case :)

Thanks again.

Hello Everyone,

I was looking at Corpus Christi to invest as this is close to water. Please advise on the areas/blocks that are more desirable.

Thanks in anticipation.

@Jessica Stevenson thank you, appreciate it. My realtor is also confident that the property will have more than 100K equity once fixed and flipped. But it’s a big project :)

Hello BP Family,

I have a deal in Indy that is almost 5.5k SQFT but it needs rehab or you can say more than TLC :)

Looking at the current need of rehab it looks like it will be around 125K+ of rehab to make buyers feel good to pay top price. I made an AS-IS offer for the price of 150K+. I believe I will have the contract but I am still waiting to hear back. I learned that there are not many offers, may be the other buyers have the same problem as I have (just a feel good guess).

My biggest problem is all nearby SFH are about 2k SQFT and not a real comp in terms of size and feature as the subject property is 5 bedroom and 4.5 bathroom. Please suggest how to go about determining the ARV in this particular case. I have to go more than 1.5 miles away from the subject property to get good comps but so far from the subject property will not be good comps where the area is densely populated.

Looking at the SQFT of the house it will sell around 400k if I believe in the ARV of a near by house that is smaller than this and sold for 360K. But I don't want to assume anything and go strictly with numbers alone. Please suggest.

Thanks,

Sam

@Kristin Caras it is okay to do it as you planned. No separate zoning is required. House hacking is one of the most common thing and you can also get your townhouse with only 3.5% down using FHA loan if you show it as your primary home. Please explore the options.

Thank you @Luther Wilson III,

Appreciate this. I have to yet take some time off this thing now for a family reason. Will be back on market soon :) 

I will be in touch though and will keep learning more about markets and the business as a whole.

Thanks,

-Sam