All Forum Posts by: John Chong

Houston is a great market and will only continue to grow. Are you looking to build in Cypress?

Your realtor should be able to pulling sold comps from the MLS. TX is a non disclosure state so that information won't not be available unless you have access.

When you're running your ARV comps, check to make sure its a similar type of home, same neighborhood, year built, finishes, and etc.

That should help you make a decision on whether or not this is a good deal for you. 

There's a lot of different tools to estimate the rehab. Here's the one on BiggerPockets,
https://www.biggerpockets.com/rehab-estimator

It just depends on the deal, scenario, FICO, liquidity, experience and etc. Someone should be able to do a vacant refi. 

I agree with Chris, you'll want to reach out to a contactor to get the most accurate pricing. 

You could also estimate price per sqft for each job. 

You can also look at zillow, and realtor.com for a quick search. I think there's a few paid services though. 

@Michael Powell If the numbers work and its a good investment, go for it! You can keep adding and growing your portfolio 

There's potential in a few of them 

Option or inspection/DD period. Would recommend working with an agent too. 

Any major repairs from the inspection report? What are your plans with the rehab?