All Forum Posts by: Ashok S.

Hard to tell without comps and rent ratios. PM if you wish not to disclose more details.

Brian

Great Introduction. I would love to be where you are today. This is what my goal is. Starting bit late but hoping to catch up fast.

I am nearby, so give me a shout if you feel like meeting fellow investor.

Its off-topic, so anything goes right!!

Could you break down the repair costs - where did most of cost went? From the before pictures the condition of house was decent enough.

Welcome! I am fairly new myself. Feel free to connect/contact to exchange some idea/knowledge. I have lot of interest in/around Dallas area.

How would you rate this 1%, 2%? You mentioned this area is saturated - how is outlook for next 5 years - is this area seeing lot of growth? For multifamily properties, the economic growth is key factor - as people who are renting, would want to move to their own properties, so you need constant supply of new population moving into area (job growth)

At the minimum you should file complaint with respective boards about Buyer Agent not doing his/her duty. You can't touch agent financially at this point.

Hello All

Looking to get your inputs, suggestions on possibility of this remote rehab opportunity.

The house in question is 3 Bed, 2 Bath around 1600 sq ft. This is probate sale and price of house has dropped from 140k to 130k over the time (been on market for 100+ days). 

I had the realtor check out property and he has sent me photos - apart from general rehab needs, one more concerning is of Wood Ants at two places. As shown in pictures here, the backyard door needs to be replaced with trim and also some damage in kitchen area.

Any advice/suggestion on going ahead with this deal? The houses in nearby area are being sold for around 150k+, so it looks like its around 20-30k below market due to probate sale and also this kind of issues.

Note: I am planning to go all cash (as recommended by realtor) as this is probate sale.