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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $85,000
Cash invested: $65,000
Sale price: $200,000
Contributors:
Peter Vekselman
Partner Drive...
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Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...
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I'm finally ready to take the leap and go into my first deal. And the one after that. And the one after that. And the next 97 deals after those first three, too. I've got the personal, professional, and educational ba...
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The lender countered our original offer (250k) with an offer of 285k. There's a buyer lined-up at 340k. Should I try to cut down the 285k down to 270-275k, and increase profits? Or should we not risk getting denied an...
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This was my third deal after the house hack last year, and the flip I sold earlier this year. This one was another great learning experience. I'm a firm believer that your first few deals probably won't make you rich ...
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What was 5 years to collect is now 1 year. Does that include the statute of limitations for foreclosure filings? See this LINK about a foreclosure missed the 5 year deadline. Is this now 1 year?
Does this ...
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Hi,I have been interested in real estate for a long time, and this website has great information.I have been driving around and taking note of distressed properties, my next step is I try to find the owners informatio...
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Investment Info:
Single-family residence other investment in Austin.
Purchase price: $425,000
Cash invested: $85,000
https://www.alexanderresidential.com/808-theresa
Lot acquired and developed mid 2...
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I've been lurking for a while but am posting here for the first time. We own a single family home in the Twin Cities area and are currently living in PA. Since we signed on in August 2011, the BBB score of the company...
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Investment Info:
Single-family residence wholesale investment.
Purchase price: $101,000
Cash invested: $100
Sale price: $111,000
This was a wholesale deal with a seller that was struggling to mak...