All Forum Posts by: Account Closed

I feel like it’s truly unpredictable and the best way to answering this is knowing the market will balance out again when interest rate goes back to the norm

@Mindy Jensen good afternoon my biggest problem is what is the best practice when finding comps on a similar property to get ARV and creating a budget?

@Ryan Reddy I am a new investor myself and I am learning. But rule of thumb I learned is would u repair your own computer if needed or work on your own car If needed if u can answer this than you know logically getting a GC is the best decision.

@Andrew Powers thank you for ur feedback. So the inspection was done everything disclosed was marginally good and the appraisal is next I need someone to pick up the order and make that appointment. Now depending on how the property gets appraised for depends greatly on expected cost. Now increasing the ARV is definitely what I'm looking into and why this is the question. Looking further into how to increase ARV effectively is definitely going to be the next step for me.

@David Zeek I appreciate your feedback this is an entry home to the real estate world and market i am in. The feedback you gave is exactly what my brain was scratching for with so much information coming in I couldn’t put any thoughts together.

I'm in the process of closing my first rental it's a solid single family but does require some rehabilitation. (New roof and cosmetic inside) The question or problem I'm facing is during negotiations I did not analyze the cost of rehab correct, the ARV I assumed will be significant smaller than I projected. Now the cost of the home is more than I projected. I'm possibly going to be in the negative depending on cost of rehab from initial acquisition. What is the best move that I can play to makes this work?