All Forum Posts by: Claudette K.

Mike & Bryan

Thanks for the response. Just wasn't sure how to approach. I'm going to leave it, person has no pics with alot of explanations.

Something else will come my way.....the works for me!

Have a great day!

ever purchase sight unseen for this price and the following information:
1- $15K is negotiable
2- 2 bed / 1 bath
3- needs about $6K work to use as rental
4- area not a war zone, maybe just an area above
5- lots of new construction in area
6- can be rented for $500 per month
7- not sure about taxes
8- near hospital and a college
9- realtor adv comp about $45 - 50K

Would this be a good wholesale or hold for rental income?

Gratefully

Thanks, I will in the AM.

Can you provide additional information regarding the requirements? What is it attached to? I anxiously await your reply.

Thanks for your anticipated response.

Have a great evening!

TC, Thanks for the insight.

Will post progress

Gratefully

Thanks Wheatie

The information/assistance this community provides is priceless.

I'm going to view the property next week. If nothing more than for a learning experience. I don't want my first deal to be so tight. Would like more flexibility in the numbers.

I'll keep posting the progress.

Gratefully

I'll get that info. Just spoke to [wholesaler] adv has 2 estimates for repairs. 1 for $6k [basic paint, carpet] the other for $15k [paint carpet, landscape, new drywall, etc.]

Will make my own assessment on Monday. Right now it doesn't look like such a great deal for a newbie. However, I am going to continue with the due dilligence to be certain with my assumptions.

I'll keep you posted.

Thanks for the reply....Greatfully

Gratefully,

Only have outside pics. Nice quiet neighborhood [as told by realtor]. Have made an apppointment to see the inside.

From what I can see from the pictures, it may be challenging. But if the numbers work I'm up for it.

With all this said and done...is this a deal that a seasoned investor would do? Would you?

Sometimes "newbie's" as myself, jump to quickly. I asking for sound advise to make an intelligent decision.

I'll await your reply. Thanks for your assistance thus far.

Claudette

Possible 1st rehab deal...

Single family in Orange, NJ
ARV: 220,000
REPAIRS: 25,000
OFFER: 130,000

Will use hard money: 16% & 7 points [my credit is shot]. If my calculations are correct new profit would be around $40K

Does this look and sound correct.

Any assistance would be greatly appreciated. Glad to part of this community.

Good Evening ALL

My name is Claudette and I'm from Yonkers, New York.

Newbie here. Been on the fence, alot of knowledge and no action.

Looking to network and...JUST DO IT! In the process of forming my team. Open to suggestions and direction. I welcome the help.

I'll look forward to the rewards of being part of this community.

Be blessed!!