Andrew P.
How can I make sure my offer is attractive?
I am putting in my first offer on a house rehab. The asking price is $250k and the ARV is $520k. Total repairs of around $150k. Holding costs at $20k. There is a lot of competition on this house. I am sure someon...
Jerry Peng
Wilmington, DE, the Cash Flow seems great, am I missing something
I've been saving up some money since leaving college and now have enough capital to deploy in buying a SFH/Duplex property. I'm interested in Wilmington after analyzing rent to cost ratios. I've realized that most top...
Brian Ward
Investing in super distressed properties
There are two SUPER distressed properties in my area. One a 4 bedroom 1 bath single family home and the other a 6 bedroom duplex. Both are around $20000 and I’m going to try and talk down a couple thousand. My plan wa...
Jim Murphy
questions for home flippers!
What kind of volume can I honestly expect to do over a one year period? I have been looking at areas in or near Albany NY and at properties that cost $35,000-40,000 but have arv of about $95000-110000 .Based on your ...
Alex Brown
Can You Use a Hard Money Lender for Repair Costs?
Happy Easter all!I have a commercial building that I'm currently renovating and wanted to know if its possible to get a hard money lender for the repair cost. I was under the impression that hard money lenders are onl...
Nick Stango
How to estimate a purchase price on a foreclosure fix and flip?
I'm looking to get started with fix and flips, I'm not 100% on how to estimate what to offer on a foreclosure. Is there a rule that I can use? I've heard about 65% of ARV, is that minus repairs? So if an ARV is $200k ...
Erik Dofelmier
Lima 1 Capital or Conv Loan with Heloc for Rehab
We are under contract on a duplex that we are going to rehab. My current plan of attack is to use a conventional mortgage I'm already approved for on the initial loan, and then use part of my HELOC to pay for the reh...
Amaf J.
Short Sale Questions
Evening everyone,I was doing some research and it seems like short-sales might be a good avenue to pursue in order to get homes at a discounted rate. I did have some questions though about the process and post-purchas...
Dan Curry
Young Professional - Next steps for wealth creation via Flip
Hi All,
Quite new to the forums but have been reading various articles and there’s so much great info out there, I’d love to get some different perspectives on which directions I should continue to research more to f...
Matthew Tanis
Would you go through with this deal?
So I made a mistake with a PA on a duplex that needs rehab and misunderstood how much time I had for due diligence. It needs a moderate to heavy rehab and initial estimate was 35-45k. Actual estimate was higher then w...