All Forum Posts by: Lavar Harden

@Matt Brown thank you sir.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $89,900
Cash invested: $26,449
Sale price: $184,900

Purchased at $89,900
Repair Costs of $53,507
For Sale at $184,900 Just hit the market on (05/15/2020 today is 05/19/2020)
Estimated Gross Profit of $41,493

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $150,000
Cash invested: $44,840
Sale price: $237,500

Purchased at $150,000
Repair Costs of $47,815
Sold at $237,500

Gross Profit of $39,685

Investment Info:

Single-family residence fix & flip investment in Fresno.

Purchase price: $143,800
Cash invested: $42,515
Sale price: $220,000

Purchased at 143,800
Repair Costs of $36,445
Sold at $220,000
Gross Profit of $39,755

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

This was a great opportunity to get into a project in which the seller was negotiable and exhausted of the upkeep and maintenance on a two story home. This home was only the market for 6 days. Buyers are no longer solely looking at the home but also the community. This was in a great subdivision with plenty of amenities for the family. It was also located in a cul de sac and across the street from the community swimming pool.

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

Another agent that knew I was actively looking for a property with some meat on the bones brought it to me. Initially we were at about 163k which would not work for my profit margin. So I had to ask for additional money off the sales price based on the inspection report and the items that I hadn't account for when it comes the cosmetic overhaul. We went under contract for $150k; however, when the inspection report came back I requested another 20k off. We met near the middle at 143,8.

How did you finance this deal?

I used a hard money loan.

How did you add value to the deal?

We updated it.

What was the outcome?

Full price offer in under a week.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm a full-time agent but I actually let one of my friends list it for 1%.

@Sendhil Krishnan Hello. I’m interested in hearing more from you or anyone else willing to provide insight and value regarding RAL Academy and the industry at large.

We would like to begin building our rental portfolio vi the BRRRR method; however, we can't seem to find a lender that does not require at least 6 months seasoning before refinancing in TX. Anyone have a reputable lender that can facilitate a cash out refinance if we've owned the property for fewer than 6 months?

@Dave Foster thanks so much

I have recently rehabbed a Property. I Purchased the property under my personal name. It is now on the market so I would like to sell it and do a 1031 exchange under my LLC name. Can this be done? Any suggestions would be helpful.

I'm a new investor to the Houston market and actively looking for deals via MLS as I'm an agent. I know the deeper discounts and highly motivated sellers can be found off market. what's the best way to find wholesalers with inventory?

Outstanding feedback all. I am notating all of the aforementioned.