All Forum Posts by: Thomas Allt

I really wish I could make it over there for this meetup. Good Luck! 

On this topic. I am looking for investment leads in Texas. Looking for SF to Under 20 units. Love to connect with people, find wholesalers and even real agents that focus on investors. 

Any tips for finding a contractor as a Real Estate business partner for Fix and Flips? 

My most ideal situation is to find a partner that is a contractor.  So I have access to someone that can bring a crew and have the same goals in the project. Any suggestions on how to make that a possibility?

Hello,

I am a new investor looking to start. I want to start by talking with people more about investing and finding creative and fun ways to invest in Real Estate. I am very focused on this. I would love to start talking with like minded people to sharing my thoughts with, opportunities with and helping each other! 

Thomas A - New and Excited Investor... 

I agree with Jason, in that the amount of money you are putting into one property. Still, you have to do what makes sense for you.  That being said. I would do those numbers on a multi-family unit to limit the effects of vacancies. If someone moves out then you are negative cash flow $1,400 a month plus repairs. That is -$4200 plus repairs for a new renter in a time frame of 3 months.  Just something to think about? 

I am handy with a lot general task a house would need. Still nowhere near professional level or speed. 

Side note: I did use the tool at Biggerpockets.com. I like the numbers I see so far, but they are just guessing in the dark at this point.

Hello, Fellow Biggers!

I am new, there is no getting around that. Where I live there is a house for sale. From the pictures and description, the house is basically gutted. They are asking 80k for the house. For me, it makes more sense around 70k. ( I Think) I was figuring the rehab would be around 40k. That estimate is figuring that house is basically structurally sound. Most of the work done by a contractor and me doing what I can around the property to get it ready. ARV I pin it at $160,000. I would like to use Hard Money on the project and focus on getting it done ASAP and on market. The property is out-of-town a little and the little community there is nice. Should not have a problem selling it. Would like to keep profit after $20k-$30k.

Questions I am after:

1.  Inside need serious work. Am I low balling too much even guess?

2. What are some more areas I need to consider? 

2 Questions-  

1. How much business are you looking to keep track of?

2. Who is/Is someone doing your books now?