All Forum Posts by: Jarrod Frankum

@Ana Karina Salazar hope to see you there

@Lucas Carroll that is the one that I know of

@Ana Karina Salazar Yes there are. There are some on here. Do try going to one of the meet-ups

@Ondrej Gargula.  Absolutely. Let's do it. I'll hopefully be in the area in 2 weeks

@John Leavelle I am fairly confident about arv and I expected to go with licensed contractors anyway. I am moving to Lubbock so I am planning to live there at first. I wanted to have conservative numbers on expenses. What are your numbers on a SFR if 100 per month doesn't work? Average rent is another 50 higher for same type property. This was just a simple analysis. I figured 20k would be a very healthy budget for rehab. I've yet to rehab a house before.

@Ondrej Gargula Hey Ondrej. I am moving to Lubbock this month and am looking to start buying properties. Are you able to run comps?

Mods. please delete this thread. I made a mistake.  I have another thread with the report in it. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hello everyone. I have a question about using the calculator. I have found a property that I would like to use a 203k loan on to include rehab costs. If I would buy the house for 24k, and I am estimating 20k in repairs, would I just assume a 44k loan and 0 repairs for the calculator? This is my first time using the calculator, so please rip me hard about your objections to my analysis.

Also. Tell me what you think about this property with these numbers. How soon would you recommend a refinance?

@Courtney M. Hey Courtney. I suggest looking into Lubbock Texas. I am planning to move there this month and buy properties. All kinds of options available under 100k. There are 3 great hospitals in the area and a university. Excellent for rentals.