All Forum Posts by: Walter Pineda

Hi! I made an offer sfr for 57,500 5-10k rehab cost ARV 85k in TN the seller counter:

Purchase price is 63,500

Closing on or before the 24th of October

Property is being sold as is where is.

1,000 earnest monies held at title.

Rent 900

Annual taxes $585.49

Ins $700

I plan on paying cash and it will be a buy and h(C)old BRRR. The issue is the rehab cost will be more 15-20k because it always more than expected. I have run numbers on the worst-case scenario 20k. it still cash flows more than $200. The location has a strong rental market, but this property is on a main street. The comps are solid because it was done on a property that's down the street from this one. I been advised to hold on my initial offer of 57,500 because it's the highest and best offer I can make, slim margins.

I appreciate every one's comments it was helpful!

 It rents for $900, Thank you for your assistance.

 Thank you for your assistance!

 Thank you for your assistance.

 Thank you so much!

 Thank you: Buy and hold. It rents for $900.

My name is Walter and I'm looking for referral for contractor in Memphis, TN if we have a successful BRRR I'm willing to pay $500 finder's fee.

Thank you for being a part of the BB community!

Hi! I made an offer sfr for 57,500 5-10k rehab cost ARV 85k in TN the seller counter:

Purchase price is 63,500

Closing on or before the 24th of October

Property is being sold as is where is.

1,000 earnest money held at title.