All Forum Posts by: Shawn Banzer

Hello, I had a lead come through today that really intrigues me. This is a pocket listing from an agent and I am not sure what the asking price will be yet. The property is located on a extremely attractive lake, it has 50' of frontage as well as a dock. I would use this property as a weekly rental, my problem is how to analyze the deal when you don't know how much vacancy the property will have from year to year. I have looked at other similar weekly rentals in the area and they seem to be booked for all of the peak season, and I will be calling some property managers in the area tomorrow. would you just put a lot more away for vacancy to account for weeks that it doesn't get rented? and has anybody found a way to accurately analyze a deal like this?

Hey norm I’m from derby Welcome to the forums!

Hi kalfonn, I am also from the buffalo area. I would say the key to wholesaling is finding actual deals. Don’t inflate arv or say 20k rehab when the place is on the brink of falling down. 

I am planning on attending this event for the first time!

I am just about to close on the refi on my first traditional BRRRR. I am looking at another one. This one is 3 units and it is REO, been on the market 110 days. If I buy the property with bank financing, rehab it, then could I pull a heloc out on the property and essentially achieve the same thing as traditional BRRRR? Or am I missing something. Thanks!