All Forum Posts by: Chad Yonkin

I'd be willing to attend as well.

Food for thought:  Savannah is filled with a lot of old school investors who aren't on and don't need to be a member of BP.  At the least, start a thread on the Savannah Investor Facebook page about the meetup. Maybe some of the wholesalers could email their cash buyers with a meeting notice.

Good deal Pat; sounds like it was too easy to pass up. You've got good wholesaling friends who will hold the deal for you because right now in Savannah I'm seeing wholesale properties sell within hours in cash, sight unseen.

Hi Dylan,

What kinds of properties are you looking at? How many units? Quads downtown? Apartment buildings or maybe mobile home parks? 

Btw, I currently do SFH rentals and flips in Savannah. I'm also looking to partner up to take down some MF deals. I can bring some capital. Chat me up some time.

I've been investing in Savannah last few years. I'll IM you.

It depends highly on the area you're looking at. This city outside of the historic/downtown district isn't seeing massive appreciate in housing prices so if you're going to BRRR or flip make sure you understand the ARV well. In many areas, you will lose your shirt paying 100k for a house, and others you might be ok.

ARV is hard to know in Savannah since taking comps even from a few streets over can be a folly. If you aren't from here, I recommend making a few trips in person here and to really understand a few neighborhoods to invest in. Pick your niche.

BP people, I've closed on this property and am finishing up on the rehab. I'm conflicted on whether to flip and cash out of this property or BRRRR it. I feel like both ways are strong numbers and it comes down to my personal goals but I'd like to hear from you all.

Here are my flip numbers:

Here are the numbers for the BRRR after refinancing out. You can ignore the cash on cash and ROI since they will be crazy high due to the refinance

Here are cash on cash and ROI numbers if I don't consider refinance:

Thoughts?

http://savannahreia.com

Welcome fellow Savannah investor! I'm sure you'll have fun learning the interesting market we have here!