All Forum Posts by: Zach Ziskin

Hi All, 

I'm rehabbing a SFH right now and the kitchen countertops definitely need some updating. I was looking into going with a granite overlay on top of the existing countertop, rather than tearing out the existing countertops and replacing with granite slabs. Does anyone have any experience with using overlays instead of full replacement, and thoughts on the advantages or disadvantages? Thanks.

Yes, the rent is $975/month. I ran the numbers and based on a quick rundown it would cash flow positive. I admit I'm a newbie investor, so if I'm missing something please let me know!

Will do, thanks!

I've come across a deal from a wholesaler whose list I'm on. It's a property that is for sale at $75k, with both a tenant and property manager already in place. Tenant pays utilities. The property is rented for $975/mo., and the tenant has prepaid the lease. I ran the comps, and FMV right off the bat is a little over $100k.

It easily passes the 50% rule, it has built-in equity, and I assume I would receive the remainder of the lease payments that were pre-paid in the deal as of closing. It sounds like a no-brainer deal, which is kind of why I'm hesitant about it. 

Obviously I haven't done a walk through or inspection of the property yet, but is there anything else I'm missing that could be a red flag to look for before I pull the trigger?

Great, thanks!

Thanks. So then I should use the online analyses just as a rough filter to narrow down which properties might be worth going to see?

I've been watching a bunch of Brandon's webinars, where he talks about doing a number of property deal analyses every day, and he quickly puts in a repair amount based on the photos of the property. But it seems to me that if the repair costs are off by any significant amount it can totally change the deal from a good to a bad one, no?

As a newbie, how can I accurately estimate repair costs when doing these daily deal analyses without actually walking the property with a contractor? Thanks in advance.

OK, will do. Thanks John!

Thanks John. I would definitely do some of the basic work that I can do myself. But for the purposes of making an offer, it would be better to do a physical walk through with a contractor? I've read that a lot of investors will make offers on properties just based on photos or even sight unseen, but it sounds like that's not a good idea for me.

Thank you, I will take a closer look!