All Forum Posts by: Jamie Parker

I'm looking for the same type of houses. I have a buyer looking for a 2m dollar rehab or tear down. After talking to a friend what I gather is estimating repairs. I have a contractor that I will use to evaluate repair cost with a detailed quote. I will used comparable sell prices on new construction so that I figure my entry (maximum allowable offer) range of the property is a tear down and the same formula for rehabs. I would like to hear more of you come up with something for evaluating 1m+ dollar homes.

Is there any rule that helps calculated this kind of deal @Brian Burke @Chaz Reid @Dev Horn? I have been asked by a buyer to find a house she can sell for 2M. So know I am combing thru the parts of town with the range of sell price. As a wholesaler my first thought is to talk them down, but I lost a deal on a rehab where I thought that the person that purchased over paid but the house that is going up is gonna be a valued around 1M-1.5M easy. 

@David Crutcher Jr. I will check that out, because there could be an opportunity here but I need to have my ducks in a row to present to a buyer for a formidable exit strategy that makes senses. Because if it works for this how's, this opens up a whole neighborhood to transform essentially. 

@Blake NeeSmith i found a property that is a short sale just recently. what are you looking to do. Message me.

wow😳

Originally posted by @Keith Bloemendaal:

Is it possible to raise the house high enough to be out of the flood zone? That is done quite often here and sometimes FEMA will even pay for it.

 @kevin the house would have to be raised like 6 feet or something ridiculous like that and the end product just looks weird. 

Sorry but he property is in a floodplain, however maybe a few dozen feet shy of the flood way. There is a creek near, within 100-200 yards so I see your point. 

thanks for the input. I just think the property will look weird in the Nashville backdrop possibly making the property hard to sell. In a wholesale situation I that removes me from bringing the property back to market, I would fear for the investors that receive the property from me. Maybe bad karma I guess. 

I am a wholesaler the Nashville area and I have been watching this property for months and wondering why It has not sold. The house is in a floodplain area and I also found out today that because of the new floodplain numbers that will be updated in the near future, is this property a "just move on " property or is there a type of deal that could make this property a win for someone? 

Is there any difference when getting a contract on a high end house vs a median to low end cheap house? I want to know because my marketing plan has brought me to the high end part of town. I want to be able to understand the client better and know what I getting myself into socially to be better prepared so i can get a deal under contract.