Ray Steele
Possible deal, how do I proceed
11 June 2008 | 5 replies
I AM NEEW IN REAL ESTATE,I WANT TO WHOLESALE AND HAVE FOUND WHAT I THINK IS A GOOD DEAL.ITS A $25000 PRICE,$25000 IN REPAIRS, ARV IS $75000.IM NOT SURE HOW MUCH MY FEE SHOULD BE, PLUS FOR SOME REASON THE SELLER DONT FEEL RIGHT ABOUT DOING A ASSINGMENT CONTRACT.
Bernard Williams
How To Figure ARV
7 June 2008 | 11 replies
Can someone please explain to me how to figure out the After Repair Value.
Khaled Majouji
260k equity, ok job and excellent credit, what to do now?
5 June 2008 | 3 replies
wich makes it hard to find properties at 70% ARV minus repairs.
Duane Johnson
RUNNING THE NUMBERS
4 June 2008 | 4 replies
Nevertheless, you have to think like the end buyer to determine the quality of a deal.You have to consider six categories:1) Buy price2) Selling price - ARV or after repaired value3) Rehab costs4) Purchase costs5) Holding costs6) Sale costsYou might think you would start with the buy price.
Account Closed
Question about laying pavers over existing concrete
3 June 2008 | 4 replies
If it were me and it was a repair on my house, I'd probably replace it.
Kevin Lovill
Preforeclosure Help!!!
20 June 2008 | 8 replies
If you pay that, and it needs absolutely no repairs, and you sell it for $140K, you stand to net about $14-21K.Now, there are a bunch of assumptions in that rule of thumb.
Fred Shandler
How to adjust the 50% rule to reflect higher property taxes?
11 June 2008 | 18 replies
That, amoungst many other things, is why I invest there and will continue to do so.I also agree that pegging an exact figure on repairs or vacancy for a given year is near impossible.
Account Closed
Things to inspect
12 June 2008 | 9 replies
Other problems seen were the master bath tub caulk needs repaired/replaced, (and will be), a window screen is out of a bedroom, and a couple of closet door guides need replaced.
Guevara M.
My first Rental
10 June 2008 | 19 replies
You said 36k purchase price but didn't give a figure of how much $ you invested in repairs.
Vivian Benn
First House
11 June 2008 | 9 replies
Good Morning Jon,Wow...I have to say that you are truly an inspiration..whenever I am searching for more knowledge or information on a topic...you better believe wheatie is right there assisting people...thank you so much for taking the time out to share your experience on this tool that Joshua has afforded us...You have helped me more then you can imagine.Jon this home was totally renovated I mean it looks brand new inside...Its a forclosure and the bank is insisting on a Rehab. loan...there is little to no repairs to be done a light fixture cosemtic thats it...can you help me here...and are rehab. loans good...a friend of mines said let it go...tell them you want it as is or not at all..I am having a contractor look at it tonight..thanks have a wonderful day,vjb