All Forum Posts by: Joseph M Segrue

Thank you. appreciate the help

Thank-you. Appreciate the help.

How do I figure out what the arv will be after rehab?. Is there a way to find prices of similar houses near area of buying that not distressed an compare to? I'm trying to do the 75 percent rule but it's confusing if i dont what arv will be.

Investment Info:

Single-family residence other investment.

Purchase price: $56,000
Cash invested: $56,000

Bought this single for a brrrr

What made you interested in investing in this type of deal?

Bought it and will brrrr it for my first time.

How did you find this deal and how did you negotiate it?

Automated MLS alerts

How did you finance this deal?

I borrowed 50,000 from retirement

How did you add value to the deal?

Waiting to close on it and start working on it.

Lessons learned? Challenges?

My first brrrr. My biggest challenge will be keeping my rehab expenses low. First brrrr attempt. I've been reading a lot learning as much as I can about this process.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $109,000
Cash invested: $109,000

Duplex. My first investment.

What made you interested in investing in this type of deal?

Didn't want to rent or buy a house at the time. So I bought this duplex. Two 2bedroom

Lessons learned? Challenges?

I learned the importance of screening tenants very quickly. Had problems from the get-go. I then went on the internet and taught myself how screen. What a difference after that!

Looking for a a referral for a property manager in Binghamton New York area?