All Forum Posts by: Eduardo Reyes

Hello Kathiuka, the deal looks good, however, I did notice that you had an estimated of 1 month for renovation at 30,000. renovation usually takes longer to finish, around 3-6 to finish a renovation. Unless it's a small project. As for refinancing, I've heard on biggerpockets, that banks would like for you to own the property for a minimum of 6 months before you can refinance. I do believe that the percentage for Capex, vacancy, repairs, and management are a bit low. Best of luck to you!

Hello, I'm a new investor. I've been wondering if I should try to secure a loan before I find a property, or find a property then try to a loan? Right now I would have to do either private lending. 

For me it's money and a little bit fear, I'm looking to invest in SFR in NW Indiana. I can't even get a loan right now.

Is this going to be your 1st deal? If so it's not bad. You get some cashflow going. You're COC is only 4%. I heard it's better to be at around 8%. Other than that I think it looks good.

Did you account to the interest rate? If so it looks good to you. Also I've heard that new investors sometimes take bit longer to flip and sell. Let me know what you decide. Cheering for you! 

I'm also new to this, it does look good. Just wondering how are you going to buy it? Private lender? Hard-money? convention? BRRRR? Best of luck though!!