All Forum Posts by: Pablo Ottenwalder Jr.

What city is this property in ? Maybe you can wholesale it and make some money without putting any money into it

You should start at ARV then subtract 60-70% depending on where it's at in Springfield. Then subtract repairs, realtor cost, and closing cost and you should be able to sell fast give me a call if you need any help maybe this is something our team can buy 3058511979

Is the group still on for the weekly call ?

I would just do a CMA last 6 months in a .5 mile radius and make sure it's the same or close to the same type of property. Also sqft, year, & bedrooms then check conditions. I think this is the best way to get a good value on a property

@Jinhee Park Congrats ! What were the requirements to get the loan since you were self employed ? 2 years tax return ? And also what’s the minimum credit score you would need to qualify for the fha loan ?

@Micquel Bernier-

So if you already know the ARV work backwards ill do an example here lets say ARV is 100k next your going to minus 30% for your investor. You are now at 70k, Now subtract repair cost, lets say another 30k. Now your at 40k, subtract 5k for the realtor once your buyer sells and also 5k for closing cost on the buy and sell. You are now at 30k. Now your job is to get this property under contract for 25k then find a buyer and be transparent as possible and assign the contract for 5k. Your buyer will be all in for 30k and you will make 5k at closing.

@Micquel Bernier

I suggest you do some more research on wholesaling check out Max Maxwell on youtube and watch all his videos, But if you want, message me with the address and ill tell you a ball park range of what its worth with the MLS

@Teynna Garcia - Hey I might have a deal youll be interested in.

Theres about 3-4 this month from boston, Worcester, Springfield and CT go on meet ups dot com and you should be able to find them