All Forum Posts by: Justin Munk

Maybe it would make a better flip??

https://www.biggerpockets.com/calculators/shared/1015867/69002c52-f990-44ec-801d-2caeb916d34b?share_on_forum=true

https://www.biggerpockets.com/calculators/shared/1015867/0c69420f-fc06-47ee-893d-b6bf6358b9dc?share_on_forum=true

This link is with the right purchase price using the 70% rule

Good point on being conservative. 

It is s Single family home. Its in the middle of a rehab but good condition.  It is vacant

I have $34,000 cash and I will get a loan from the bank. 

Rental is $1000. I am thinking it will go for 1200. 

I included some expenses this time.

https://www.biggerpockets.com/calculators/shared/1015867/35c6c4f6-75f7-4f5f-a3cd-bdf0053c75a8?share_on_forum=true

This property needs Between $20k -$25k in Rehab. As an ARV of $155k - $170k. The owners tell me they bought it for $100k and they are in the middle of a rehab that they don't have time for.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Michael Quarles Would your list change at all if you were using the BRRRR method instead of Flipping?

Woah never mind. I saw the 2 years. ha

Is this property still available? 

I am considering posting a video on my personal social media accounts to see if I can get leads on homes I would like to buy. My thoughts are that someone within my network HAS to know someone that has a home that need to sale. ie hobby landlords, distressed owners etc.  I would offer a $500 referral fee to anyone that brings me a deal that I buy. Question: Are there any rules against this? I am not a licensed Real Estate Agent.