All Forum Posts by: Lauren Norwood

Lauren Norwood has started 4 posts and replied 15 times.

@Austin Fruechting So great to see another young Kansas City investor making big moves. As an aspiring multifam investor, this is very inspiring to see. Are you Investing solely in KC or do you work in other markets?

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@Henry Asnien - that's great news! What tools did you use to market the property?

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I am very much interested in joining you all. The 22nd is perfect!

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Good info, guys! Thanks for your responses!

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Hey all,
I just wanted to pose this question to all of the wholesalers out there:

How long does it usually take for you to get your properties under contract with the investor?

Thanks,
Lauren :D

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Originally posted by Jeffery Bigsby:

I agree with everyone here. Foreclosure auctions are by far the best way to build a list that I've have experienced because everyone there has to come with a check in hand in order to purchase a property(at least in my area). I go down there every month with my shirt on that says "I have cheap houses for sale" and literally stand there and people come up to me all the time and I leave with a hand full of business cards. Once a guy approached me about my houses and I pulled out my ipad to show him what I had and we signed a contract on the spot...

Such a cool idea! Thanks for the tip!

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@Brian. Most of the drywall is done. I would say about 65-70%.

@John. Thanks for your input! The area is actually pretty desirable so it's definitely a great opportunity. It was just a rehabber that ran out of funds so the property has been sitting for about 2 years now. I was thinking about coming in at 52K, top price being about 59K plus my 5K fee. Glad to see I am close! Thanks!

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Hi Jimmy! I am planning on wholesaling it. I understand that the spread needs to be there. I was hoping to get opinions on what I should offer. Or on the inverse, what would you pay if you were going to buy, close, and rehab?

I am definitely not looking to pay his asking price. Personally, I think it's a little high.

Thanks,
Lauren

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Hi Jeff,
I have personally used bestvaluecopy.com for black/white copies. They are cheap with quick turnaround times. They also have no minimums. Just priced 100 color copies, #65 glossy for around $25, including shipping. Looking at about 25 cents per copy. Hope this helps!

Lauren

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Hey guys,
Please help me evaluate this property. What would you offer for this property?

Location: Kansas City, MO
Asking Price: 70K
Repairs: 25-27K
Cash In: 95-97K
Electrical, plumbing, framing, plans done. Needs everything else.

4 Plex, All 1BD units, All individually metered
Market Rents - 585 - 600
Property Taxes: approx 800 (will have to confirm, online tax system down)

Multi-units in the area are selling at 12-14 cap, which gives me about 100-117K as mkt value

Based on 2% rule, I'm getting 117K mkt.

Whadya think? Your help is great appreciated!! :D

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All Forum Posts by: Lauren Norwood

Lauren Norwood has started 4 posts and replied 15 times.

Post: 32-Unit Portfolio Deal Closed... 141 Units Total in 7 years!

Post: Have Signed Raw Land Contract, Now What?

Post: New Kansas City Investment Group Meetup - Are You Interested?

Post: How long before you're under contract?

Post: How long before you're under contract?

Post: The Buyers list

Post: What would you offer for this property?

Post: What would you offer for this property?

Post: Need an Online Printing Service Recommendation to Print Our Flyers

Post: What would you offer for this property?