All Forum Posts by: Marcus Trahan

@Ross Bowman

I would say it depends what you look up on your phone. I only follow BiggerPockets on social media. I haven’t ever seen any other Real estate on my feeds. Social media will track you and send stuff that they think you would like. That’s probably why you are seeing this so much. You can delete the trackers.

I’m in the Lafayette area(70508). I did some of the work myself. I spent 35k and we made 20k.

How to find a CPA in Lafayette Louisiana that knows Real estate law.

@Stone Saathoff

That’s so much for your help. I would love to invest in Texas one day!

@Greg Dickerson

I will ask my realtor! Thanks!

@Evan Polaski

The rehab is at the top for the neighborhood it’s in. The neighborhood has a 30-45 day on market. 

@Parker Massengill

We have never had 7-15 on market. So you think this deal Doesn’t have enough cushion in it and you think I should back out?

@Parker Massengill

Average days on market is 100 But the comps ALL went under contract or sold within the last 45 days. 4 out of 5 in the last are in the last 30 days.

I have this house that I am in the process of closing on in Lafayette Louisiana market. I want to flip it. This would be my second house I’m flipping. I’m new to this world of flipping and I need some help. I got this house under contract for $163,000. After repair value is most likely $230,000 but could get all the way up to $255,000 according to the comps. I will have a total of $195,000 with realtor fees and repairs. This will take about 3 months to get the house back on market. I feel like this is a bad time to do a deal that is this thin. I’m worried about the market dropping or it sitting long because of all the COVID changes that are about to happen at the end of this month. This house has 2305 Square feet with 3 beds and 2 baths. What do y’all think?

I have this house that I am in the process of closing on in Lafayette Louisiana market. I want to flip it. This would be my second house I’m flipping. I’m new to this world of flipping and I need some help. I got this house under contract for $163,000. After repair value is most likely $230,000 but could get all the way up to $255,000 according to the comps. I will have a total of $195,000 with realtor fees and repairs. This will take about 3 months to get the house back on market. I feel like this is a bad time to do a deal that is this thin. I’m worried about the market dropping or it sitting long because of all the COVID changes that are about to happen at the end of this month. This house has 2305 Square feet with 3 beds and 2 baths. What do y’all think?