All Forum Posts by: Yelitza Mora

@Bryson Gilbert take the total sqft and multiply it by $35/ $40 ( this is how we do it in Texas). If a 1250 sqft home needs to be completely remodeled (not including foundation work). You can estimate between $43500 to $50000 for material & labor depending on the contractor. Always add 10% contingency on top of whatever they quote you. You never know what you will find when they start the demo process.

@Jimmy O'Connor Make sure the numbers make sense, we get deals from wholesalers where the ARV is not accurate, the rehab costs are super low, and the comps are for properties that have nothing to do with the one they are trying to sell. That's where a lot of new real estate investors are losing money, and that's the reason why the "wholesaler" term is getting such a terrible rep.

Brand yourself as a solutions integrator real estate agent! Investors will buy from you as long as the numbers are right. 

Thank you Steve! 

Hi Investors,

I own a house, and would love to get some guidance on what to do with it. I am trying to cut my expenses down to buy & flip properties.

My initial thoughts were to rent it out, but an investor friend recommended the owner financing option. Has anyone ever done this ? Is it better than renting?

Any advice would be highly appreciated!

I would love to attend!

Thank you all! 

Hi all, I would like to know a good way to run numbers against the numbers we are getting from Wholesalers. We want to move forward with our first investment property but we still don't know how to identify if a deal makes sense or not. 

I am getting deals daily from wholesalers, in paper they look good but i don't have a real estate agent to run numbers for me.