All Forum Posts by: Stone Bettersworth

Looks like a slam dunk!

I realize every HOA will have different bylaws and regulations, but has anyone had experience with airbnb or a pad split type of strategy in a neighborhood that has an HOA? Any insight would be greatly appreciated.

As an investor, would you rather take on a project that is a full gut rehab with holes in the roof, water damage, unknowns, etc., but you could salvage some of the bones, or a new construction project on a vacant lot? Assuming very limited or zero day DD. 

@Brad Hammond

Do you find that the benefit of using a GC to do the rehab, in order to get a quicker turnaround, outweighs the cost the GC may be uncharging to do cosmetic work? Or does that situation only apply to rehabs that will be more costly to you?

@Peter Mckernan

I agree, having all available information up front for review saves a ton of time and headache on both ends. I see a common mistake with investors, new and old alike, who want to get eyes on the property in person and estimate a rehab before ever looking at the comps, price, etc.

For members who have done their first deal, whether a flip or a rental, in the past couple years: what were some of the biggest unforeseen challenges you faced? What were the biggest lessons you learned that you will apply to future deals?

I work with a number of investors, first time as well as seasoned pros, and it seems everyone has their own way of valuing a property. Some hear about an opportunity and want to drive to the property right away to get eyes on it. Others want to look at the comps, area, and growth potential before ever getting in their car. What are some different ways/processes people approach valuing a potential deal?