All Forum Posts by: Sam Bhattacharya

First off, tell them to stop all communication with you on your phone number and start communicating via email. I draw the line and say no if it is not a health violation the issue is regarding 

 25k is not a whole lot when you want to rehab a house. If you need a roof, that's half of your budget. If you add HVAC, plumbing and kitchen appliances the rest is gone. You have zero left for a new kitchen cabinets, countertops, new bathrooms, windows, flooring, paint, light fixtures, carpet, basement, landscaping, flatwork repair etc. 

We average between 50k and 80k. A 75k house will rarely only have 3 things wrong, they are usually overall beat up, so you need a new everything. A good number to do a quick estimate is about $50/sqft, at least here in Milwaukee. And when you budget more for rehab then for the house the math usually does not work. The solution is to go up in ARV, so you can keep the rehab budget below 25% of ARV.

 I connect with my clients with wholesale deals. 

@Sam Bhattacharya I would say venture out to the south and midwest. As @Anthony McEvoy mentioned Cleveland, Cincy, Kentucky, Alabama. There are many markets out there where you can get these numbers. Find a market you feel comfortable in and build out your team! 

Hello @Sam Bhattacharya - honestly, they're in many markets.  However, in today's environment, most are going to be found off market via methods such as mailers and networking.  Check foreclosure listings and sheriff sales, too.

Another way is to look for listings that aren't as obvious as a house in bad condition you can add value to.  Such as a two bedroom house that can easily be converted into a three bedroom.  Perhaps an unfinished basement that could be finished for another bedroom and bathroom.

I viewed a house over the summer that was two bedrooms because someone knocked down a wall in the third bedroom for a larger family room.  I recognized the opportunity because the square footage of the house seemed large for only two bedrooms for the area.

Best of luck!