All Forum Posts by: Bara Nwokoma
Bara Nwokoma has started 11 posts and replied 75 times.
Post: WOW!! What a long way in 3 years!!

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
Awesome!
Post: Just closed my first creative finance deal

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
Post: Help! No solid comps. How to find ARV?

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
@Bruce Lynn sent you a message
Post: Help! No solid comps. How to find ARV?

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
@Neil Aggarwal im with you on this. I’m leaning towards passing on this one. My gut is saying “don’t even pass GO.”
@James H. 1st time seeing that rental evaluation. Thanks for that!
@Bruce Lynn thanks for extending your hand. What type of investments are you into?
Post: 27 y/o Female – 50k debt to $1M+ net worth (24 units,50 deals/yr)

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
Post: Help! No solid comps. How to find ARV?

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
The deals I have completed I have always had solid comps to easily determine ARV.
Now I have stumbled upon a property and I am having the hardest time determining the ARV.
What do you all do when you don't have solid comps to determine ARV?
1937 build
3/1 with a potential to be a 3/1.5
1839 sq ft
Brick
Property is located by Park Row Ave and South Blvd in Dallas. Historic area.
Post: Dallas Investor Friendly Title Companies

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
Affinity Title is very investor friendly
Post: Grab A Great Garland,TX Rental- Rents in area $1200-1500!

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
ARV: 130,000
Repairs:8k
Asking: 94,000 OR BEST OFFER
How to Access Property:
Owner Occupied- Do Not disturb occupants-They are moving out- There is a group tour scheduled for tomorrow. 8/15/2017
About Property
This is a 3 bedroom, 1 bathroom house that is located in the Doris Heights neighborhood. House was built in 1955 and is 890 square feet Huge backyard! House has huge potential for a great rental Looking to CLOSE this in 2 weeks! - Tax Value: $86,930 - Estimated ARV: $130,000 - Estimated Rent: $1300-1500
About Repairs
Light cosmetics(rental) Foundation( saw cracks on floor & sheetrock in kitchen area) Roof & HVAC are in good condition
Miscellaneous
- There is a showing scheduled on Tuesday @10am. It will be a group tour, we will sell it, right then & there, to whomever gives the best offer
*5k non-refundable earnest money deposit Cash or cash equivalent funds only. Buyer pays all standard closing costs
Link to pictures:
https://drive.google.com/open?id=0B53kausxT16OWjhpVmxTMWkxUkU
Post: Texas- 2 Yr Redemption Period-Homestead Property

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
@Nathan Turner that's an excellent way to look at it. I like that.
Post: Texas- 2 Yr Redemption Period-Homestead Property

- Wholesaler
- Dallas, TX
- Posts 78
- Votes 32
@Roy Oliphant thank you for your honest words! I'm really back & forth about it!
I recently( last week) went through a terrible eviction and it turned me off. I know I am speaking from that aspect. If I had a 3rd party management company that would alleviate ALOT of things on my end. Also, I have created notes but not for residential properties. I enjoyed the aspect of collecting without worrying about anything on my end.
Also, what repairs are recoverable at redemption?