All Forum Posts by: John McDonald

Markets with a lot of activity and, ideally, going through gentrification, are generally the best markets for flippers and wholesalers. There are many of these markets in nearly every part of the country. We're seeing the most activity in the areas you would expect; texas, tennesee, north carolina, florida but we're also seeing strong demand even in areas you wouldnt expect, like Boston.

Good luck on your journey.

Our SARV calculation works well in urban areas but struggles in rural areas due to lack of qualified comps. We're looking to improve the calculation by increasing the range, up to 3 miles, but without fixed or new comps its challening to derive an accurate ARV. Market knowlege and gut feel take you the distance here.

Good luck.

Hi @Thomas Murphy. We're based in portsmouth so we're pretty familiar with the NH market. Low inventory, across the board, is causing prices top stay pretty firm. Ohio is market, as is Tennessee, texas, nevada, north carolina and several other markets, mostly off the coast. If you're considering investing remotely, a good property manager will pay dividends. They know the market and will be your feet on the ground. 

Good luck with your journey.

Cheers,

Hi @Matt Lopez. @Alan Asriantswould be a better help with the neighborhoods, but we're seeing plenty of opportunity in and around Philadelphia. Lots of deals starting as low at $15k!

Good luck with your investing journey. 

Cheers,

Welcome to BP @Danielle Carrillo. There's a lot to learn and it's an exciting journey. Orange county is a tough market to start in. Consider investing a little north or out of state, depending on your goals and available capital. 

Good luck. 

Cheers

Welcome @Devin Brown. you'll find lots of friendly people and great advice here on BP. Do you have any specific questions? Do you have a direction on investment criteria or your approach?

Good luck.

There are some solid wholesalers out there but I tend to agree with @James Wise, most are a waste of your time and will only serve to frustrate you. Sourcing your own deals, whether it be through agents or your own efforts, will serve you better in the long run. Build your network, build your pipeline, build your net worth. 

Good luck.

@Michelle Backer

There's LOTS of opportunities across the country. Texas has properties for $75k with > $100K profit potential. The midwest is chocked full of deals. However, there's still lots of opportunity in NY and along the eastern seaboard. Here's a snapshot of the current deals around New York; all under $300k. They're color coded by ARV profit.

We'll be releasing a report, this quarter, that details the best SFR flipping and investment regions. Stay tuned and good luck.

Happy New Year!

>There is a common theory that these large banks use the floating money from holds to make a little vigorish, I wouldn't be surprised....

This is accurate. Large banks make tens of millions in profit from float because they're paying no interest on this capital yet are able to lend it at current rates. 

I'm a Chase customer and everything is negotiable. Building a relationship with a banker is incredibly important and we've found that nearly all of the fees paid by the typical consumer are negotiable. The more money that you move through the bank, the more pliable they become. Just ask. 

Cheers

Point taken. 

Have a happy new year. 

Cheers,