All Forum Posts by: Asim Ghani

We buy the property (almost all of the time).. Wholesaling/Assignment is not a usual exit strategy. 

The cost to build has gone way up in the past 3 to 4 years. Worcester is no different. I have seen wholesalers trying to market a buildable lot in Worcester for $80,000. When you consider the cost of construction, permits, interest on private loan and etc, it just doesn't justify the ROI. I may be wrong, but that may be the reason, Worcester doesnt have any developers unless its a 100 plus unit development.

Investment Info:

Townhouse other investment.

Purchase price: $209,000
Cash invested: $209,000

Bought a fire damaged house (2 structures) off Broadway in Derry. Approved a zoning board variance to build 3 townhome styled condos.

I have been with HomeVestors as a franchisee for past 5 years. I have rights to 2 regions (NH and MA). Not sure about the individual experience but its a lead generation system where we Zs pool up money to advertise our services. Just like any individual would do so in their neighborhood to solicit purchasing houses CASH AS IS. Nothing different just on a grand scale with professionalism. We Buy Ugly Houses is a brand name and very reputed. We deal with our customers ethically, professionally and honestly. I am very proud of over 4 dozen of my clients who I have helped, and they have been very happy and satisfied with my services. 

Appreciate it!

Investment Info:

Condo buy & hold investment in Portsmouth.

Purchase price: $191,000
Cash invested: $191,000

Beautiful Portsmouth downtown. Secured building with top floor 1 bed unit. Rehabbed with granite counters, stainless steel appliances, changed the drop ceiling, and new bathroom.

Sweeney and Sweeney from Nashua, NH. I have used for the past 4 years, and the owner JL Sweeney is a real nice guy. 

Investment Info:

Single-family residence fix & flip investment in Rochester.

Purchase price: $128,000
Cash invested: $22,000
Sale price: $224,500

Single family 4/2 with 1400 sq ft in a nice and quiet street.

How did you find this deal and how did you negotiate it?

Referral

How did you finance this deal?

Hard money

How did you add value to the deal?

New Roof, open up the sun porch to make it a deck. update kitchen with . new cabinets, appliances. Fix up the wall in the 2nd floor bedrooms.

@Kevin Vandenboss

Interested

@Tomasz S.thanks. Are you doing this business ?

Welcome Kevin.