All Forum Posts by: Adam Davis

Nice!! I’ve had a rental for about a year now too. It’s been great, even though we had a pipe burst in the freeze. Are you thinking of expanding your real estate portfolio?

Definitely start with a construction estimate. At today's construction prices, you're looking at $150k ($200/sf x 750sf, assuming that's a 1/1) or more, which might price you out of the deal. Since this isn't a "fixer," and you're going the FHA route, you'd have to go out-of-pocket for the remodel/upgrades or get a construction loan based off the ARV, which is generally going to require 25-30% down unless you go with private money, which will have much higher interest.

I see it’s pending, so maybe you got it under contract, but if not, I know you can find a good deal out there, even if it’s a smaller starting point. I have a list of 1/2 dozen properties in “cool areas” that will cashflow out of the box, and have a vacant unit, that I just prepared for a client looking for something similar.

Let me know if you need contractor recs - my contractor is an investor as well, and will help maximize your budget/impact.

You need to work with a licensed real estate agent. They have all the answers you're looking for.

Hey Aasin, I get it. You're looking in your market to make sure you can find properties to wholesale, and don't want to do the big announcement blast to investors until you have those properties...

Here's what I'd suggest: find the investors first, and make them happy by providing actual good investments.

Here's the thing: investors will always be there. Great properties may get bought up in a heartbeat.

Meet your investors first. Make sure they'll be there when that property comes along. Then, you'll be set. It can be here, in the forums; that works for me. You don't have to meet them in person. Just make sure they exist.

Second, make sure you can identify a good property. If you can't run comps on your own or with a member of your team, use Zillow or Redfin or your favorite agent's website (mine is adam-davis.remax.net for example) and search for the criteria (bed/bath/sf) of the property you're looking for, or search for the address. That search should yield a price estimate. Take 20-40% off that price, and you've got yourself a deal--that's your purchase price. If you can't sell that property for 20-40%+ more than you bought it for, then it's a bad deal. In essence, less than 20% (of the commonly-held-average) ARV is a slim margin, and you should justify it according to your experience and comfort. It may not be justifiable. Don't force it unless you're very experienced.

These are interchangeable to some degree, but remember you must always have investors (end-buyers)

North and South suburbs, and ATL proper (though I don't prefer it). I have several properties ready to roll, but I need to make sure I have cash buyers. Please tap in, if you're interested/available in:

Residential only; properties above $250k FMV, ARV above $350k, quick close... tell me your range(s) - POF required

I have a range of properties at and above these numbers, but I won't work with less-than-these numbers unless I find a great deal. Minimum assignment fee is higher of 10k or 2%.

I'm literally just trying to collect pre-qual cash buyers right now. Please don't respond if you're not cash+interested in ATL area. Sorry to be so abrupt - have several ready to go, and want to make sure I have End Buyers in place.

Hi Tony,

I just joined a week or so ago, so I'm late to your post. I work with investors, and advise and manage portfolios with $20mm valuation and higher for my clients. Reach out if you haven't found someone to work with.

Adam

I have a property listed that is a stellar opportunity for house-hack, BRRRR, and flip investors.

Address is 13633 S Mueller Rd, Oregon City

ARV $1.1mm+ based on current comps. View listing HERE

My portfolio developer client has identified a property in Oregon that is for sale at $700k, and once renovated, will sell for $1.2-1.5mm in 9-12 months. They are looking for and investor to provide cash for down and to qualify for financing. 

Will sell the property upon work completion, and investor will receive cash plus 25%. The portfolio developer will cover all work expenses.