Sekisui House, after acquiring MDC Holdings, has become the fifth-largest builder with an estimated 15,000 homes delivered annually.

Do the proper due diligence on ARV, estimating rehab costs, closing costs, holding costs (to name a few) and you will have a good idea on what the purchase price should look like.

Additionally, I created MEC (Material Estimator Calculator), a unique residential renovation software that automatically calculates a bill of materials (BOM) based on the property’s condition.Overall, I’m thrilled to escape the Seattle rain and connect with fellow investors here in Arizona.

As far as whether to approach them with or without an agent - approaching them directly without an agent can save the seller probably 2.5-3% of fees, which give you some room to negotiate on the price, but you need to be confident that you are capable of evaluating the property value, estimating on the amount of work that is needed, knowing how to negotiate/ structure the deal, and navigating the closing process.

@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow. 

(I apologize if the copy and paste screws up the format of the post)Standards for Philly Neighborhood and RehabsParameters:This is a rough estimate on homes that are between ~800 to ~1200 sf homes that are set up as SF 3 bed 1 baths.

After completing renovations, the estimated appraised value has increased to $370,000.

As we evaluate deals, we're wondering if we're being too conservative with our estimates.

I'd estimate that there are less than 1,000 legitimate, or "professional" wholesalers, in the United States of America, as defined by individuals who make $100K flipping contracts, and collecting assignment fees, in any form, and who have made that amount of income more than 3 years in a row.

My investment focus is large multifamily properties and that market has been falling since 2Q2022--in my estimation prices are down 30-40 percent.