All Forum Posts by: Ricardo Frank Barrera
Ricardo Frank Barrera has started 2 posts and replied 3 times.
Post: Seattle Queen Anne Wholesale -- 11 CAP ++ or 25% margin ARV!
- Bellevue, WA
- Posts 5
- Votes 3
Please note, I've purposefully left out the exact address to prevent people from disturbing the owner without consent. We are happy to disclose if someone expresses interest in moving forward.
11++ CAP as managed short-term rental after all management costs!
7++ CAP as long-term
20 to 25% margin if developed or fixed and flipped
My partner and I are under contract for an amazing property and we're willing to consider wholesaling if someone offers by 5/6 with strong earnest money around 1.525M. The numbers are bomb, even at 1.6M!
(our strategy)
11 CAP++ as a fully-managed short-term rental with remodel cost and management costs already included (my partner specializes in this which is why we offered on this place)
(other strategies)
25% margin if developed to max potential on LR1 in the North QA / Interbay area. 3.6 to 4M exit
20% margin on fix & flip with a 2.3M ARV
7 CAP after remodel with remodel costs included in price
We can provide layout, photos (it has waterviews!), microfilm documentation on history and permits, comps, remodel estimates in detail, and financial analysis in detail to backup all claims above.
Cheers!
Ricardo
Post: Any good automated CMA tools?
- Bellevue, WA
- Posts 5
- Votes 3
Hey Eric,
do you have any process on how you combine them? I rely mostly upon comps and finding the best comps via sale data and quality estimates and combine with area appreciation stats.
Post: Any good automated CMA tools?
- Bellevue, WA
- Posts 5
- Votes 3
Hey everyone,
My developer friend recommended I look into this community since I run a Real Estate Data Science business specializing in automated CMAs. I built an automated CMA tool for myself and I believe it's the best in the business, but I haven't played with every single automated CMA tool out there. Which CMA tools have you all used and what did you like / dislike about them?
I have a lot of confidence in mine because it's simple, understandable, and yet sophisticated. The key is I've built a deep-learning image analyzer that can grade property quality based upon photos alone to do a better job with a CMA, which I haven't seen any other tool do. Let me know which ones you love, if any.
Cheers,
Ricardo