Terrell Sapp
How does these numbers work?
I went to see a house today that I plan on wholesale, the guy has his friend renovating the place (its not occupied) -The guy thats renovating says estimates are about $10k remaining repairs-The homeowner says he owns...
Account Closed
minimum bids and due diligence
I often see minimum bids anywhere from $500.00-$100,000.00. Is it common or uncommon to see a decent investment property get bought at a minimum bid amount?
Also, how can I tell if the property is in a good a...
Johnny Ruiz
how do I get this motivated seller property?
I recently just gotten a new lead in Portsmouth RI and the seller is really committed. She wants to sell as fast as she can because she is going through hard times. The ARV is 950k-1.3 million. I estimate repairs to b...
Jack Soluyy
From An Estimators Point Of View
As an newbie estimator for a contracting company, what should I say to convince a real estate investor to give me a chance to do a walk through on a newly acquired property they need to renovate? I would have assistan...
John Ross Valderama
FHA 203K & House Hacking
Hello,I decided to stop listening to podcasts and get off my rear to start getting my feet wet. I am thinking about doing the FHA 203K loan for a fixer upper. Since it's an FHA loan would I know that I need to live in...
Michael S.
Double Close on HUD Deal
I just got a few HUD homes accepted and have sent in the contracts. I have transactional funds lined up and will have no problem lining up the end buyer. I'm simply waiting to hear that my contracts were done correctl...
Rob Williford
Flint, Mi - 48504
I've got a chance to pick up one in Flint in 48504.
Rehab started with new subflooring and drywall hung.
Would sell it for $4k.
My question, is Flint worth taking this risk?
While not a huge number, it may be a t...
Account Closed
Trustee Sale Insanity
Recently, I held a $35k 2nd against a house in East Palo Alto CA that had a $230k (+ over $20k arrears) 1st. I estimated the house to be worth somewhere in the low $300k's, Zillow has it today at $373k, eappraisal...
Terry Royce
Contractor estimates on wholesales
Do you tell contractors that you will not be the one hiring, or do you just get them to come by and give estimates and thats that.
I have a few investor savy contractors that I have not worked with in the past, but h...
Carlos Mezquita
Estimating rehabs and refinancing
Hello everyone,
I'm pretty new to the real estate investment world and I'm analyzing my first properties, but I have the following questions regarding rehabs and refinance...
How do you accurately estimate for closi...