All Forum Posts by: Tommy Hopkins

Hi Irene, can you provide some high level details here.  Don't yet need address, just outline of properties offered.  Thanks.

Hi Scott, do you have any BP investors to date that may want to chime in here?

Hi Chad, thanks for your input. I'm not a realtor so having access to the MLS would be great. Are there any other comparisons you can point out between propelio and the MLS? I'll signup to see what is there, but I don't have access to the MLS to know what is missing. For instance I would like to see price trends graphically for areas over time. Not sure if that is available on either data base. Do you know where propelio gets its data? I thought realtors sign an agreement with the MLS to report the sales price. I'm curious how propelio gets that on a large scale. Appreciate your feedback.

Tommy

Hi Alfie, I think you may mean 80% occupancy (20% vacancy rate).  Hard to tell what the future will bring in terms of appreciation.

Hi Kai, as a starting point, what folks are point out is not to pay more than ARV. ARV is the after repair value. What your chart shows is a property worth $140K AFTER you pay $139K and another $30K in repairs, not to mention the holding costs during repair. End result is a property worth $140K that you have spent over $169K.

Hey Omer congratulations on your project!  Bear Creek is a great area.  Looking forward to see the numbers when the deal is done.

Welcome @Andre Noumair .   In addition to keywords alerts for new discussions or updates to threads, you may want to use the "Search Platform"  at the top of the page.  Here you can search the recent past for "Houston" and "Flip" to see what has been discussed recently.

thanks @Mindy Jensen !

As this seems to be the name change thread, can I please get my name changed to Tommy Hopkins   

Stephen, another great place to look for direction starting out is the "Ultimate Beginners Guide" here on BP.  Use the top "Education" pull down, then "Guides" then you will see the "Ultimate Beginners Guide" at the top.