All Forum Posts by: Marc Cesar

Hey guys, im looking to step out and eventually purchase my 1st rental property in NYC during the 1st quarter of 2015. I plan on using private money to do so. Im fairly new to this strategy and i would appreciate any insight and experienced advice on how to achieve this goal. I appreciate the help.

Thanks

I was thought to use the $4-5 x sqft rule when estimating minor repairs such as cosmetics. House is 1280 sqft owner said its up to date ad owned free and clear. I have to walk the property but I made a rough offer. I've used comps from zillow which has lead me to numbers as such

direct mail, absentee, probates. Various sources

yes thats how i came up with the 424k as an offer

spoke to a seller who turns out to be a probate lead. He has not assigned an asking price of his property. I calculated the ARV to be 698,281. Repairs are about $5120-6400 cosmetics updates). After doing the 70% rule of thumb equation i came up with an offer of 424K. The property is valued at $625k. Is this a good deal and are my numbers making any sense??

Ok I got comps from an agent about a particular property I'm looking into. On those comps I see the market value for the property I'm researching, market value for statistics about comparable properties and the value for properties recently sold. Which of these do I use to calculate my ARV for an REO?

Hey guys, im in the process of looking through a few reo's to flip yet i get stuck trying to find the ARV so that i can depict my MAO. I've tried using zillow, eppraisal to depict that info but i seem to get stuck and cant figure out what to do.... If you guys could help me please i'd greatly appreciate it.

I was contacted by an agent earlier today about an ad i saw on craigslist that was for sale. I got the property info, and I plan on driving by to take a look at it. But how do i wholesale a renovated property? what should I inquire to make sure if this property can be sold for a profit? how can i effectively work with this agent in this case? what is the best way to deal with newly renovated properties as a wholesaler?

Greetings all, its been a while since I've added anything on BP. I recently connected with a investor friendly agent who is willing to assist my partner and I in our wholesaling business. My only question is how do i work with agents to get the best leads to wholesale to end buyers? what are typical questions i should ask the agent in order to get a win-win situation going?

im still studying to take the school exam where i went for the courses and after that i will be going for the license. A lot of successful investors say that its a waste of time to get it in the beginning where as its best to make raise capital and overtime to get the license for exit strategies such as rehabs, flips, buy and holds, etc