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All Forum Posts by: Terrez Jarrett

Terrez Jarrett has started 8 posts and replied 27 times.

Post: How do I find buyers?

Terrez JarrettPosted
  • Louisville, Ky
  • Posts 27
  • Votes 3

Hello BP members,

I´m in a bit of a dilemma with a property I am looking to invest in. Purchase price is $45,000.00 and I offered $38,500. Earnest money deposit is $250.00 and Rehab costs will be around $25,000 to $30,000.00 (roughly). The house could sale for $90,000.00. I have my subs lined up also. I am looking for a private lender but I don´t know how to go about doing it, what relationships do I need to build, and what the requirements are. Any suggestions anyone? Just need a little help if at all possible. Thanks

Post: Is it possible to make money on $45,000 property?

Terrez JarrettPosted
  • Louisville, Ky
  • Posts 27
  • Votes 3

Alright guys, I´m in a bit of a dilemma with this property. I am looking for a private lender but I don´t know how to go about doing it and what the requirements are. I have already given my earnest money deposit (which is refundable). Now, I need a buyer. Any suggestions anyone?

Post: Is it possible to make money on $45,000 property?

Terrez JarrettPosted
  • Louisville, Ky
  • Posts 27
  • Votes 3

Thanks guys for all of your comments and advice! I appreciate it very much! So I visited the property I initially discussed with you guys......HORRIBLE! This will definitely be a total rehab (or at least in my opinion). Floors, walls, ceiling, appliances, etc. I'm glad I actually visited this one.

Post: Is it possible to make money on $45,000 property?

Terrez JarrettPosted
  • Louisville, Ky
  • Posts 27
  • Votes 3

hey BP members, I have a property that has a sale price of $45,000 and they are selling As Is. Am I correct in my assumption that I need to basically do thorough research on this home because there my be some issues undisclosed?

Post: New investor from Louisville Kentucky

Terrez JarrettPosted
  • Louisville, Ky
  • Posts 27
  • Votes 3

@Allan Bishop Jr. I appreciate the help man! I downloaded the app immediately LOL! I have constantly listening to podcasts, books, and videos. @Jordan Moorhead Wow, I don´t think I would like rentals or multi family properties but I am always open to the concept.

Post: New investor from Louisville Kentucky

Terrez JarrettPosted
  • Louisville, Ky
  • Posts 27
  • Votes 3

I'll be sure to do that. Thank you much.

Post: New investor from Louisville Kentucky

Terrez JarrettPosted
  • Louisville, Ky
  • Posts 27
  • Votes 3

hello, my name is Terrez Jarrett. I started real estate investing recently and I am glad to be apart of the bp community. I am looking forward to meeting other wholesalers, flippers, rental property owners, etc.