All Forum Posts by: Sean Welch

what's the best way to find out similar home purchase prices and rents AFTER the house is in good condition for a house you are looking to invest in? I understand to compare with other homes in the area, but which site or technique are you using to gather this information? I wouldn't want to call a real estate agent every 5 - 10 seconds to get this info lol. Has to be an easier way. I'm from Baltimore Maryland by the way

@Ned Carey nice. You didn't have any competition with somebody upping the price at the auction?

@Lizina Green ok I kind of figured that. First time using it so I wasn't sure. Thanks for taking the time out to answer that for me

How would you analyze this property based on this registry of deed search result? I was driving and spotted it and looked like it had good potential. I'm just going through the motions, not really committed to buying. Is the base value of the property what the offer price would have to be around?? And what exactly does it mean by 93,200 improvements

@Max T. makes sense. Thanks for the word. What would be your next step after moving out, find another property and repeat?

1. hello BP. I am fairly new to this site and this is my 2nd post. I am doing all the learning I can do, and am learning every day. I basically have a general question in need of advice. I plan to get into real estate with the FHA loan approach and purchasing a 2 unit home. Let's say hypothetically speaking I'm interested in a home that costs $20,000 and could use $25000 worth of repairs. And has an ARV of $85,000. So in this case I assume I ask for a loan of $45,000? Or do i ask for maybe $50,000 to consider closing costs expenses? Also, what would your exit plan be on such an approach? How do you plan to pay off the debt loan? Thanks in advance

nice @Alex Applebee. What is it that you would have done differently?

@Dmitriy Fomichenko yea I'm finding this site to be a lot of help already, glad i became a part. And yea most definitely, taking advantage as we speak. Thanks for the word 

for sure...getting in is a must

@J.T. Littlejohnok thanks ill check it out. And most definitely, best of luck. Have you started any projects yet?