All Forum Posts by: Tyler Davidson

Hello, I have calculated an ARV on multifamily I am looking to purchase and was hoping someone could check my numbers. The home in question is 2915 Lynnhurst St, Sarasota, FL, 34239. The ARV I am getting is $373,728 at $229 per sqft. I got this number based on the two duplexes that sold down the street. The multifamily I am looking to purchase would be a total remodel new kitchens, new bathrooms, new floors, fresh paint inside and out, reroof, new ac, brand new landscaping, new fence, and maybe new windows.

2921 Bentley St, Sarasota, Fl 34239 sold for $450,000 ($283 a sqft). This house was remodeled and sold 12-30-10

2941 Bentley St, Sarasota, Fl 34239 sold for $339,000 ($175 a sqft). This house was remodeled and sold on 08-08-18

I was hoping someone could check my calculation and tell me if I am doing it right? 

I am wondering if there are any books or research about buying real estate in a seller's market? I am looking for information that has been published recently (within the last 12 months) about the current market we are in. I am trying to build a real estate portfolio in the current market and I am finding it rather challening. Any information or advice would be greatly appreciated.  

I was looking at refinancing and am wondering what is the better choice. If I want to buy another home within a year would it be better to get a 30-year loan so my dti is lower or should I go with a 15 year and pay $100,000 of interest?