All Forum Posts by: Michael Carbajal

The property was bought from the Tax Auction 2 years ago. I have it under contract with the people who bought it from the auction. The previous owners had to be evicted and they tore the place up. I believe the entire house needs to be ripped apart and re done. Needs windows, siding, has a metal roof that seems solid, needs foundation work. As for the interior, needs flooring, sheetrock almost all around the house, bathroom and kitchen need to be redone along with other details. Home was not flooded in Harvey per the seller

Hello everyone! This weekend i just got my first flip under contract to buy. I have came up with at least a dozen exit strategies, the last one being wholesaling. I got it under contract at 27k and the ARV is 125k. Home is in rough shape! For sure will need 50-60k worth of work. I am thinking more long term here, my first method would be to BRRRR the deal. Thing is, the property is roughly 45 minutes away from my personal residence. My question to everyone is, I know for a fact the home will need to be completely remodeled. How do you choose weather to do the work yourselves or leverage out the work and losing on profits. I am a full time Real Estate Agent here in Houston, having to do all the work myself I believe wouldn't be the best use of my time. The great thing about is that its a smaller home, only 960 Sq Ft 3bed 1bath.

I figured once im a few properties in, I can begin to leverage everything out (property management, rehab, etc) but for now I am leaning towards handling everything myself.

Pmed you!

So many factors tie into this question. Im in Pearland aswell !

@Robert Scholl Just Sent you a Message. Would love to connect

I just turned 20. Just read a TON of books. Start with the Basics, "Rich Dad Poor Dad" will help change your mindset. Also dont waste your time like most people our age, i have saved from always working and i will buy my first rental property before i turn 21

Found anything?