Johnny Chew
help with estimating major rehab items
Hi everyone, a lot of my focus has been out of state real estate investing but there may be an opportunity for a flip down the street from where I live. It is a SFH, roughly 1300 feet, probably needs everything update...
Eben Rohling
Mobile Home Park Deal Analysis
Hi everyone - first time poster hereI am looking at a mobile home park that had been listed through a realtor for several months with no bite. To me it looks like a cash flowing cow, but would love to hear what things...
Shannon Tidwell-Porth
South Caroline Transactional and Short Term Funding
Hi BP friends, looking for transactional and short term funding in South Carolina. Have several properties that we need some funding help with. Also two homes (in Lexington and in Irmo) that we need to have moved to a...
Account Closed
Estimating the After Repair Value
Hi everyone, I am having a hard time estimating the ARV. I used zillow to look at previously sold houses with the same characteristics in the same zip code. I am getting numbers like below, which are all over the plac...
Mei Bae Wu
Rehab costs for 4-story multi-family property
Hi there!I am interested in investing in a fixer upper but am not knowledgeable about how to estimate costs. Can someone help me round out how much a full gut rehab would cost and then build a 4bd 3ba unit on each of ...
Kevin Sheppard
Using an Fha 203k loan to flip a property
Good morning BP, i wanted to know if anyone has used a fha 203k loan to flip a property. If so what was your experience like? How fast was the bank paying out for work needed? Any stories would be nice. thank you
Tu Hoang
BRRRR Strategy help needed
Hi BP,I am about to acquire my first project and needed to figure out my exit strategy. I am currently at Buy.Purchase price: $120,000Rehab: $95,000ARV: $280,000For the Rehab portion of BRRRR, I have received bids fro...
Michael Randle
Underwriting concerns/formula more of a deep dive.
Good Afternoon BP,
I am currently working on getting a feel for underwriting and I am crunching numbers on multiple properties. The wife and I closed out or real estate and we are look to re-invest in the first to mi...
Robert Williams
Rental property had a fire.
First off, yes everyone is ok. One of the tenants does have some third degree burns but will be fine. No other injuries so we are thankful for that. That being said.I recieved a call from my tenant Saturday morning...
Timothy Brillant
Material Costs- Estimating
I haven't seem to come across this topic, unless I've missed it so I'm going to post it. I'm 20 and I'm just starting out in the rehab business. I have 6 going right now. I guess I should explain a little bit of backg...