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22 January 2025 | 10 replies
I would be willing to do some value add component/renovations.
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21 January 2025 | 2 replies
What worked for me was focusing on building strategic relationships with top tier people (quality partners) who could complement what I brought to the table—sales, management, and execution.When you are approaching sellers for creative financing, leading with a clear value proposition (and CONFIDENTLY) is key.
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22 January 2025 | 9 replies
However, the suitability of buying and renting out a single-family home in Richmond can depend on various factors, such as market trends, rental demand, and property values (similar case with all markets, really.)Chatting with a local agent in the area can provide very helpful insights into the market, data, and specific neighborhoods.
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23 January 2025 | 165 replies
This is some of the highest valued residential land in the country.
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24 January 2025 | 12 replies
What is the as-is value.
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30 January 2025 | 8 replies
If you have anything else of value to add, please do so!
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21 January 2025 | 5 replies
Estimates on the homes value are often completely wrong.
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1 February 2025 | 9 replies
Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.
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12 February 2025 | 29 replies
We verify project feasibility and construction scope; and use 3rd party valuations and internal data to verify the as-is and subject to value.