All Forum Posts by: Christopher Kinney

Awesome thanks Antoine! This helps a lot. 

That´s what I´ve been asking myself: how will I be bringing value? Thanks Allan! I greatly appreciate your input. 

Hey guys!

I am new to wholesaling and have been analyzing deals on Zillow to practice with the numbers. There is a 3 bed 2 bath listed for $60,300 as foreclosure. What exactly does the zestimate of foreclosure mean? (listed as $133,000). Comps show similar homes selling for $185,000. Average rental is $1,295/mo and monthly tax/insurance is $110. Is it correct to assume a conservative rehab cost of $20,000 and a closing cost of $2,500? I´m trying to get a sense of what makes a good deal that would justify moving on towards the next step of seeking out a cash buyer. If the numbers are good, it seems to me this is too easy. I assume that because I´m finding this on Zillow I should also expect to factor in the realtor´s commission? 

Hey guys!

I´m just getting started as a wholesaler and have been analyzing my first couple of deals. Currently, as a wholesaler I´ve been looking for Carry by Owner on Zillow as a start to practice with the numbers. Currently, I see a 4 bedroom and 1 bath for $100,000. Comps show an average of $129,000 with local rents about $1,250 (almost near 0 vacany rate - there is way much more demand than supply in the area. I had to camp out for several weeks before finding a place to rent). Monthly tax and insurance is estimated at $138/month. Is there a rule of thumb for conservatively estimating rehab costs? Also, starting out as a wholesaler, what´s the best honest fee I should ask? I value more practice and learning than money at this point. Any feedback would be greatly appreciated as any help starting out is gold. Thanks a bunch!

Hey guys!

As I am starting out, I can´t help but imagine the possibilities of driving forward more natural building (cob, straw bale, hemp, etc.) in regards to investing in real estate. Does anybody have any experience related to this? I have plenty of experience building with these materials myself and am a practicing Civil Engineer in Coos Bay, Oregon. I know the building code regulations can get tricky and there is little data in determining the average cost per square foot for a building made out of hemp, for example. But I´ve been noticing a positive trend in accepting these structures as part of code. What do you guys think?

Taking this idea another step further, what is the possibility of investing in land to create ecovillage communities? Studying in Scotland, Portugal, and Colombia, I´ve come to realize this is a positive global trend but almost non-existent in the States. I´d love to see this reality more prominent in the future but then have to tie myself back into the present moment and strategies my first step. I reckon starting out within the "Raw Land" niche with a "Flipping" strategy.

I´d love to hear any kind of feedback you may have. 

Hi everybody! I just moved to Coos Bay, Oregon and would love to meet anybody who lives nearby! I have not yet clarified my strategy/niche although I am leaning towards a flip or buy & hold strategy using hard money lending. What I´d like to know if this area of Oregon is an appropriate place to begin with hard money. Any experience in the area?