All Forum Posts by: Eric Eichelberger

@Brendan Winans It would be great to hear more - Please let me know when you are available to talk!

@Peter Mckernan - Appreciate your advice. I guess where most of these deals fall are somewhere between "Market As-is" and the next slightly lower category. One area we may need to pay more attention to is minimizing rehab or just do a clean up and re-list. We have also considered one of us getting our realtor license so that at the very least we could list the property. Thanks again for the time!

@Joey Banasihan - Thanks for the reply! 

We haven't found an agent to work with yet that comes with a legitimate book of buyers. But finding that person and having a commission structure based on net makes a ton of sense.

Doing a turn-key rental buy/sell is an interesting exit strategy that we had not considered. Are you able to pass on some nuggets on what your end buyers look for in their turn-key purchases? Thanks again for your help

Joe,

Thanks for taking your time to reply. As you stated this is definitely not a problem - just trying to figure out options for capitalizing. 

The last deal example was a 3 bed 1 bath rancher on 1.25 acres. We could have purchased for 275ish prior to being listed - house eventually sold on MLS AS-IS at 325. Full Rehab would have cost 60-70 and put ARV at 360-375.

We have both had rentals in the past but nothing as a partnership. Interested in STR but not LTR at this point.

What other info can I pass along to hear multitude of strategies that you have?

I'm hopeful that my Business Partner and I can leverage some of the knowledge on this forum! We have been doing Rehabs for a couple of years and our marketing occasionally yields a property that we can buy at a discount but doesn't fit the full Rehab model. The discounting is due to the owner normally wanting out fast. These properties are typically light to no rehab needed to be livable. We are essentially talking about a potential wholesale deal but to an end user. What creative exit strategies or buyers are you using to generate revenue on these types of properties?

I'm hopeful that my Business Partner and I can leverage some of the knowledge on this forum! We have been doing Rehabs for a couple of years and our marketing occasionally yields a property that we can buy at a discount but doesn't fit the full Rehab model. The discounting is due to the owner normally wanting out fast. These properties are typically light to no rehab needed to be livable. We are essentially talking about a potential wholesale deal but to an end user. What creative exit strategies or buyers are you using to generate revenue on these types of properties? 

@Season Price I do Rehabs/Flips in Western Maryland and was looking at these two products. Which app's data do you find to be more accurate / current? Also, what about PropStream makes you like their desktop version?