Benjamin Barredo
How to bild relationships and get pre-qualified
9 October 2016 | 4 replies
Here is how you do it and it takes work: Systematically analyze 100 properties in the zip code you are marketing (run .25mile, .5mile, same subdivision comps for similar houses; determine repairs needed, find out average days on market, determine your proforma, identify what purchase price you would have to get it at to make a profit using the 70% ARV formula, determine your profit after all costs incurred) Determine 70% ARV purchase price, rehab budget, ARV, and at least 2 exit strategies for all 100 propertiesView the inside and prepare a detailed rehab budget for at least 10 of themPost your best 3 properties on BP and ask for folks to give you their feedback on how you analyzedIf you do EXACTLY what I mentioned above, I guarantee you will then know what a deal looks like and your confidence will increase.
Benjamin Barredo
Wholesale Deal Structuring
11 October 2016 | 63 replies
But in the best interest of self-improvement, I think it's wise to identify and avoid the bad characteristics.
Robert Oliver
Changing times call for changing strategies
10 October 2016 | 0 replies
But doesn't this leave us as wholesalers, rehabbers, cash buyers, or agents, the opportunity to identify the additional sellers who adopt the idea that selling their home "now" instead of later is the smart play?
Scott Sanford
Seeing a Chicago Property for the first time!
12 October 2016 | 6 replies
My realtor was very helpful, and for it being my first property, he was able to quickly identify the weak deals i would have otherwise considered.
Stephanie Soltero
Finding a Real Estate Agent
11 October 2016 | 3 replies
I have worked with a number of investors in identifying rehabs and long term hold properties.
Peter Forrest
1031 exchange, am I too late
11 October 2016 | 9 replies
After you have identified the property to buy, then you have 180 days to close escrow on that property.
Riley Gilson
Are there crowdfunding platforms for high risk deals?
11 October 2016 | 5 replies
TL;DR The risk will not be managed or identified by the platform, outside of basic legal due diligence required on parties.
Joshua Dorkin
What decisions do investors need to make to do their first deal?
20 October 2016 | 76 replies
If you would like me to go into identifying goals and specific property targets as well, I would be happy to do so because it is a very important part of the process as a first step.
Greg Anderson
Property Management Comapnies
18 October 2019 | 22 replies
I am surprised you weren't able to identify any other managers within the area that you thought might be good?
Nick Yates
Is NC landlord friendly?
20 October 2018 | 18 replies
I inspect residential roofs daily, working with insurance adjusters, identifying roof damage .