All Forum Posts by: Mujahidul Huq

Biggest struggle was finding the right people to Trust.  

When we started, the issue was lack of time. Our first sfr rehab (buy/hold) took us 2 years to complete since we could only work on it one day every week or two.

I'm very good at estimating materials costs for rehabbing a property but pretty awful at estimating the time it will take us.

We went through a phase where we had time but a lack of funds, got past that and now it's a lack of deals. The market heated up so much around here there's pretty slim pickings.

We're doing a major rehab now that will probably take us until December, then we'll start shopping hard again.

Would be fine with the standard 70% of ARV that seems to be the litmus test here on BP.... for flipping or for holding.

It's been very discouraging as the local flip market seems to have gotten very tight. Either that or the network of folks that I know is way too small. Anytime I try to run the numbers on a property, I always end up at a loss. As a full-time W2 worker, I don't think that I have the time or energy required in order to find a truly genuinely good deal. So as of now, it's still just buy and hold properties along with syndicated deals. 

@Mujahidul Huq - That is a great option! We are focused on large value add homes (& small units) for group living for active seniors. It's more rehab capital, but the rents are 20-30% better than typical long term tenants. We get higher cashflow, grateful tenants, less wear, and forced appreciation. I Would enjoy hearing more about your ideas involving a higher level of care (how its done). Thanks DJ