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Real Estate Deal Analysis & Advice

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Sharad M.
Pro Member
  • Carlsbad, CA
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Power of BP

Sharad M.
Pro Member
  • Carlsbad, CA
Posted May 21 2014, 16:42

So I bought this house from another BP member. Closed on May 2, 2014. Rehab started May 2, 2014. We had 6x30 yds dumpsters of garbage in the house and we painted the whole house and new flooring in kitchen. New tub surround.

Purchase Price - $30,000

Rehab - $4,000 (including dumpsters)

Monthly rent - $1,020

Had another BP member @Chavis Atkins rent it out for me on May 19, 2014. Tenant moving in June 1, 2014.

I found the wholesaler and Chavis at local REIA and found out they are both BP members.

Chavis has been helping me lease a lot of my properties. He is an extremely motivated guy. Very passionate about real estate.

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