All Forum Posts by: Shabreya Bangura

@Alonso Fernandez Maldonado Hi Alonso, have you tried/heard of DealMachine?

@Mica Christie Hi Mica, maybe this would be something you could attend to meet some REIs in your market/area

@Raynell Holmes Hi Raynell, I’m in the Winston Salem market as well! Let me know if you would like to connect

@Lacey Dillon Hi Lacey, welcome to BP! I am a Real Estate Professional in the Winston Salem area!! I would love to connect with you

@Leonardo Gomez Padilla @Leonardo Gomez Padilla Oh wow, sorry you’re going through that. I’m located in NC so I’m not sure that our contracts will be the same but I’m happy to help. PM me if you would like and I can send you the ones I use

@Leonardo Gomez Padilla Hi Leonardo, reach out to your local investor friendly closing attorney or title company. They should have these and that way you know they’re legally correct.

@Salvatore Lentini how to honestly do this with no money to get started. Is it even possible?

@Brian Pulaski Hi Brian, thanks for chiming in! I do understand that ARV means after repair value. Because there were no nearby "standard comps" I was wondering if I was possibly missing something.

Again, thanks for chiming in.

@Kenneth Bullock it would be a new install

Hello BP,

I'm needing a little advice. I went and looked at a home yesterday (to wholesale). It is a 1969 SFR, 950 sqft. The previous owners have basically remodeled the home except for a few finishing touches (kitchen remodel and bath tub still need to be put in) and the HVAC system (it has not be put in (they have all of the materials, just haven't put it in)). It's a 3/1 one story home.

They are asking $59k ”As-Is.”

I wasn't able to find any standard comps (.5 mile radius, time sold, same beds/baths, etc.) but I used Redfin and they had similar homes that had sold in the area. I used 3 of those to get my ARV and it came out to $37k.

This has me a little leary but I know I have room to negotiate, my question is how much would it cost to put in an HVAC system and do I go with the ARV or negotiate from the 59k(I would start at 44k to account for the finishing touches that still need to be done)

Thanks in advance for any advice.