All Forum Posts by: Christian Estrella

@Hunter Vigneault

Hi hunter,

Let's say the appraisal comes in at 325K like your example, what happens then, can the buyer still back out, since the appraised price came in higher, or how does it work.

@Paul Chae Hi there Hoyoon, Which part of Jersey did you invest in? I am also from Queens and new to real estate, I am currently looking to invest in NJ as NYC prices are out of my league.

@Nick Brown Hi Nick, do you have any recommendations on contractors? I found a few shells but need a good price estimate.

Awesome! How did you purchase with only 5,000 invested?

@John Walter thank you, I continue to look and like you said, do my research. First deal is coming.

@Jake Drappi I found that to be the issue for me as well when looking in the Elizabeth market, it was pretty competitive and the properties were going for above asking price, this was before the COVID happened. 

@Chris Arce I don't have advice to offer but just wanted to congratulate you on this step! I am looking to do something similar in the Philadelphia market, I found a "Shell" for sale that can be a great BRRR. However, I am not sure how to estimate rehab costs for a gut job. I need to find a contractor.

@Tim HermanThank you sir!

@Tim Herman How do you calculate the vacancy rate? I did't know that was the average, i have to make some adjustments on my numbers. Thank you.

@Charles Xia Thank you for the response! I will be reaching out to my loan officer to see where we stand, I think at this point it makes sense to wait for my credit to improve, at the same time I am building my reserves.