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All Forum Posts by: Mauricio Ramos

Mauricio Ramos has started 30 posts and replied 82 times.

Post: I need advice on a deal i found in Texas

Mauricio RamosPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 87
  • Votes 30

thanks to all your replies. After some more research it looks like the ARV is $155k.

Post: I need advice on a deal i found in Texas

Mauricio RamosPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 87
  • Votes 30

Hello, i am an investor (newbe) and would like to get some advice on a deal i found in TX from a wholesaler as follows

Contract Purchase price: $10,000 (wholesale fee plus reinstatement fee)

ARV: $106,000

Repairs: $40,000

Property current payoff balance $85,000 ($800/mo)

Rents in the area go for $1,250

My idea is to BRRR basically. Buy it and rehab it with a loan, rent it and refi after about a year. Any advice? Anything that i might be missing or should look at? Any suggestions?

Thank you,

Mauricio Ramos