All Forum Posts by: Hieu Bui

@Victor Thompson

Shoutout to you and @Ethan Atkinson for hosting this event.

To other RE investors looking to network in the Athens area, this is the event. Genuine people networking and sharing knowledge. No guru selling involved. Meetup is monthly and is my favorite day of the month!

@Daniel Her

Welcome to Athens. Here is a much better crime map since the data coming from the county

https://www.cityprotect.com/map?toUpdateDate=01%2F08%2F2020&fromUpdateDate=01%2F05%2F2020&pageSize=2000&parentIncidentTypeIds=149,150,148,8,97,104,165,98,100,179,178,180,101,99,103,163,168,166,12,161,14,16,15&zoomLevel=12&latitude=33.96086254133856&longitude=-83.3975539818632&days=1,2,3,4,5,6,7&startHour=0&endHour=24&timezone=-05:00

Let me know if you need help finding the right people to assist you with your investing career.

Out of curiosity, what brings you to Athens?

Cheers,

Hieu.

I'm 23. Dying to start as I've saved up about 80k in capital. However, due to immigration constraints, I cannot invest until I receive my green card (sometime next year). I came very close to close on my first triplex (pun not intended), but the FHA got denied by the underwriter because I did not have permanent residency.

@Patrick Culleton Hey Patrick, thanks for the response. I do not have a trusted contractor. I guess the big items for this project is the roof replace and ceiling stain repaired. Do you have any referrals?

@Adam Abdel-Hafez Thank you and every one else that were responding. If the rehab cost is less than 30k, then the deal makes sense to me (11% CoC ROI). However, seems like the rehab would be much more than that. For my first deal, I think I'll pass on this.

@Bill Buzzell Thanks. This video is from the agent. I’ll get a better video next time I see the property.

@Jonathan Bombaci Thank you for your kind words. Do the contractors give you a free estimate if you have the property under contract? Or you still have to pay them for the estimate?

@Matthew Paul I’d not be able to estimate that until inspection, because the property is tenants occupied. I figured I’d estimate what I can see first. If there is more surprise, I’d negotiate post inspection.

@Matthew Paul Wow didn’t think it would cost that much to do this. I based my number according to the book on estimating rehab cost by J scott

 Thanks. Is there any particular items that I underestimate or Did I just pretty much lowly estimate on all items?