All Forum Posts by: Johann Villalvir

Some lenders do 70% of ARV with a $15-20k cash on the bank and a credit score above 620

Buy now you can always refi is rates fall lower. Not sure if they will any time in the near future from looking at inflation

I might be able to help. Send me a DM

 Using more leverage?

Let's imagine you can leave a message in a bottle for your younger self when you started your real estate investment journey. What would be the one thing you would write for your younger self?

It would make sense the wants to get paid for the rehab cost, but 50/50 from the profit does not seem fair. You could offer a finders fee for finding the property instead + he earns your business as a contractor

For your next property, are you looking for a SFR or MFR?

We have worked selling data to wholesalers, and the rates are very slim. We have provided a 40,000 mailing list from which they spend $20-30k in marketing costs and end up finding 3-4 deals. It's a lot of upfront investment

I am currently training a computer vision model to recognize whether a house has been renovated or not. I am looking for a large pool of photos of houses before and after a renovation. Anyone here has a large database of photos of their projects?

Take vacancy into your calculations as well. While market rent is great, these tenants do cycle through your houses causing extra costs in repairs + vacancy time in between tenants. Sometimes is better off to have a reliable tenant for a cheaper price than unpredictable tenant for a couple hundred bucks more

Step-by-step guide into how to find buyers in your city:

1) Find a record of all transactions in your county

2) Search sellers by the name of other big wholesalers in your city

3) Look at their buyers

4) Skip trace their buyers or send them a mail about your list

Feel free to DM me if it's not clear