All Forum Posts by: Scott Scheel

@Kevin Moules You are in the game! I can't wait to see the 'after' pictures.

(Northwest corner Military Trail & Hillsboro)

WHEN

Wed. 3/6/2019

Time:

We will start Promptly@12PM

to 1:30PM

COST: Lunch plus **$5.00**

https://www.eventbrite.com/e/eddies-buy-fix-flip-b...

@Gina Brunello You could do a 50/50 split or possibly offer them X% return on their money...

Time:

We will start Promptly@12PM to 1:30PM

COST:Lunch plus **$5.00**

Bring A friend! See You There!

@Ty Jenkins It seems like a good wholesale opportunity. When taking into account rehab costs (and additional rehab costs that may come as a surprise when starting the reno) and carrying costs; it doesn't look like a good spread for a rehab project. I would take the wholesale fee and move onto another project using that profit.

Pleasure meeting @Jose Manuel Villeda and @Marcos Paulo Cerra at the SEFREIA  today. Thank you for attending!

 Who are you referring to? Is it the people on this thread having a discussion or the news, etc.?

@Ryan Saulle Congrats! The property looks great, what was the rehab cost and how many partners were in on the deal?

You can get assistance from a Realtor in your area. I like to not only use the MLS for comparables, but a third party- https://www.blackknightinc.com/what-we-do/data-ser...

The comps they use have significant details, such as how the property was purchased (mortgaged to an owner occupant, distressed, bought by investors-which is usually less than market value). It's vital to see how the property was purchased, for example- was it sold at a retail price by an end user or was it a distressed property bought below market value by an investor. You may find properties of similar beds, bath, and square footage; however, you shouldn't compare a retail price comp with a below market purchase comp.