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Lesson learned. Most realtors are helping families buy their forever home. When picking a realtor, it is very helpful if they have a lot of experience helping others achieve goals similar to your own.
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The answer to the question, "What is ARV?" is complex. On the surface, it's an acronym for after-repaired or market value. In other words, a projection of what it will be worth on the open market once repaired. Howeve...
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Hello everyone,We have been working on a rehab project for some time and now have it on the market for about 45-60 days. After some showings by the agent, the general concern from potential buyers is the location.The ...
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I understand Newark CAN be a hassle for newer small investors, due to renter friendly courts and low potential low quality tenants. However the risks are relative to the investor profile as always. So would like your ...
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All,Looking for some candid feedback on the Coronado area of KCK. Looking at a large multifamily property in the area. Saw a previous thread from a few months ago, but want to renew the conversation. Property is ri...
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Ok, here it is:
My offer is 173k with 13K back at closing.
Total Purchase Price $173,000
Seller Concession $13,000 (roof repairs and closing costs/fees)
Downpayment (15%) $25950
Debt Service...
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I have an opportunity to purchase some land through owner financing but the owner wants a 5 year note, 5% interest rate and $30,000 down. It's a $150,000 piece of land. If I were to turn around and wholesale it to a...
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Good evening everyone!I am remodeling 3 bd 1 ba in Hayward now (close to HomeDepot). Comps are around 600k ARV.My potential profit is around 100k.ORI can refinance the first unit and I can build 2 more units (the prop...
Hello all! I am fairly new to this forum/website. I have been listening to the podcast for a couple months and have been doing research & having study sessions with a friend on a weekly basis. The BRRRR method see...
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I am looking at buying a fourplex and wanting to do the BRRRR strategy but my only issue will be the tenants that are there. 2 of the units I can start the rehab when I close but the other 2 I won't be able to due to ...