All Forum Posts by: Cedric Dadaille

Sounds like a plan!

I've seen a few potential good deals around. I thought it was an interesting thought.

I like the second idea that you said. Could be interesting. I could definitely see how this could be a big trap if I'm not careful though.

I've been playing with the idea of House Hacking in South Florida. Haven't really delved into the subject of house hacking too much. I wanted to know if other people in the area have done it, and if there are any major pitfalls that I should watch for when House Hacking?

Congratulations!!! Amazing news!

Located in the Flair subdivision. Single family home features 2 beds, 2 baths, 1 car garage, and enclosed patio. Large open floor plan with lots of living space. Room for possible 3rd bedroom. If converted, could sell high. Decent size lot in a good neighborhood.

House is in good condition but Needs TLC including a kitchen upgrade, minor bathroom upgrades, paint, and flooring. Roughly 20k in Renovations needed.

Closed Comparable Sales

4940 NW 18TH CT - 3/2 1800 SQ FT - SOLD FOR $180,000 in 7 days

1960 NW 47TH AVE - 3/2 1664 SQ FT- SOLD FOR $170,000 in 58 days

4801 NW 19TH ST - 3/2 1800 SQ FT - SOLD FOR $180,000 in 3 days

1910 NW 47th AVE - 3/2 1800 SQ FT - SOLD FOR $174,000 in 4 days

Financial Breakdown

Purchase Costs

Purchase Price ($115,650.00)

Purchase Closing Costs ($2,200.00

Total ($117,850.00)

Rehab Costs

Total Rehab Costs ($20,000.00)

Total ($20,000.00)

Holding Costs

Monthly Holding Costs ($1,500.00)

Total Days Held 90

Total ($4,500.00)

Sales Costs

After Repair Value $170,000.00

All Selling Closing Costs ($3,400.00)

Real Estate Agent Fees ($4,250.00)

Total $162,350.00

Total Profit for Flip $20,000.00

Email or Text me

[email protected]

561-674-2240

@Eli F. The other deals that I currently have are either Section 8 Rentals, or difficult properties. I'll save your name and number. If I run across anything that you would like, I'll give you a call.

I don't think we can do business sir. I try to give people a second chance and reached out to you again because I thought you had some valid concerns, but you continue to be rude when I'm trying to be helpful.

Good luck to you.

Catch up with Nick Britton on BP. He has a really good REI meetup that he co-ordinates. You can network pretty well there.

Thanks for your reply Leigh!

On your two points:

1. If you read my numbers, I factored in for 200k in Rehab. 150k is what the GC I sent out there quoted me to get it up to par. I added 50k for any errors or mistakes. However, if you wanted to send your own people out there to rehab prices, you're more than welcome.

2. 6384 is not as like a property. The property is 1000 Sq Ft Smaller. You can click on the link to confirm.  It was also built 10 years prior. The house is also an awkward property, with a  rehab in the back and a traditional front. Furthermore, I spoke with the agent and he's had buyers and contracts.  The buyers are taking a while to get their finances in order and what not. 

On the Homesearch point from a different thread, yes it was bought there. However it's an auction and it was bid up a bit. Either way, it's irrelevant. I ran my numbers and over estimated on every step, and we still were at 100k in profits. If you feel as if the price we set isn't fair, then send us your offer.

Sounds good. I'll talk to you there.