All Forum Posts by: Jonathan Makovsky

@Greg Johnson, I am interested in seeing if I can work out a deal with you and see if we can find a win-win. Can you PM me details? Thanks.

Welcome @Peyton H.! Great to have you, and just about everything you need to know you can find on BP, and/or ask in the forums. Looking forward to hearing your success stories.

Welcome @Jared Lowman! Sorry I cannot help answer your questions re: specific area, although we're glad to see you on the site.

@Shawn Pappas, do not think "what if the offer is too low, will the seller walk?". You need to think "What price can I offer that I will make the returns I need?". If your offer price does not work for the seller - then walk away (or continue to follow-up with the seller for her/him to sell at YOUR price) What do you think will happen if you offer more than you can pay according to your projections?

You can use @Norman Wrensch's 65% ARV rule, which is a very solid rule of thumb, but may not work in every market. Alternatively, you can use the following formula:

Take Your: ARV

Less: Rehab Costs

Less: Holding/Fixed Costs (ex. Financing costs, broker fees, conveyance taxes, RE taxes, utilities, attorney costs, etc.)

Less: Profit you wish to make on deal

Totals: Your Offer Price

I would encourage if you're new to this to include a safety net (50% of rehab and timeline) into the deal - but YMMV.

And if you ever think your offer is too low, it still might be the best offer the seller has - so don't be scared to offer it - you can also always increase your offer.

Keep us posted on what happens.

Thanks so much @Darren Sager! You always do an amazing job.

Can't wait to see @sasquatch (<-- Why isn't the hashtag working @Brandon Turner?)

@Matt Rodak thanks for hosting!

Welcome @Zach Upton! Great to have you on the site.

There are tons of great people in Fairfield County and all of CT on this site, as you will soon find out. looking forward to seeing you around.

Hi All,

Our Connecticut meet-up is now hitting our one year anniversary and it has been rocking! The past few meet-ups we had an incredibly diverse group of investors, and deals have been made and excellent relationships built.

It is completely free. We do NOT have pitches or charge money to attend (although I ask and strongly encourage you to purchase at least one drink from the bar - non-alcoholic is fine). 

At 7:45pm we go around the room so everyone can introduce themselves to the group and tell briefly what you do - this has been an incredible tool to find who you would like to network with.

Please post if you plan on attending, and feel free to invite someone you think would benefit from being there.

Anna Liffey's is located at 1494 Post Road, Fairfield, CT 06824 (it's upstairs and the back of the bar is reserved for us.)

(There is street parking and a free lot across the street from Victoria's Secret after 7pm.)

@Michael White welcome! BP is a great place to find people in CT, and also quite a number of local networking groups in CT.

Looking forward to seeing you around the site and maybe in CT.

@Cheryl C., appreciate it. Thanks and congrats again!

Congrats @Cheryl C.! Two week turn-around is very fast - must be a great deal!

Any Hubzu tips/tricks you can recommend?