Jessie Zhao

Begin With The End in Mind

What makes a 'Good Deal' in Real Estate?

How to Calculate DCR, Cap Rate, Cash Flow, Expense Ratio's and more.

How to calculate your 'Maximum Offer'

Ask yourself these questions:

What is my exit strategy?
Buy and Hold? Lease Option or Flip?
Cash flow or equity?
Why are you investing?

Ultimately, Let the Financing Tell You

What type of financing are you seeking?
Hard Money
Private Money?

Look For the Worst House on a Decent Block!!

• Whether your strategy is to "flip" properties, or to hold them for their rental cash flow, it's important to be able to draw potential buyers, or strong potential tenants, as quickly as possible. With this in mind, you should look at properties on streets that are maintained properly. This does not limit you to higher end homes. There are many "blue collar" areas that properly maintain the condition of their homes and yards. However, a street that has poorly maintained properties or many vacancies do not lend themselves to fast turn around sales or well suited tenants. Always remember that this is an investment. You take on a large risk, and a lot of work as a rehabber. No matter how much loving care you put into your property, you can do nothing about the condition of your neighbor's property. "You make your money when you buy a property, not when you sell it!"

The Key Purchasing Formula: T

here are many formulas used for the successful purchase of a rehab project. It's important to use one. There must always be a comfortable cushion between the purchase price and the selling price of investment property. This cushion price will help you achieve a successful investment, even if you have repair cost over-runs, or hold on to the property longer than you had anticipated. Remember, every day that the property is not sold or rented comes right off your bottom line. The interest, taxes, insurance, and utility bills compound each day. Buying the property at the right price will protect you from Murphy's Law.

GodGood Luck..

Comments

Lloyd Bowden III October 31, 2012 at 12:09pm

Hi I have a 3 family in union city need partner or will wholesale has 3 2br need 25thousand repairs cap after rehab 14%
Robert Farmer October 20, 2012 at 5:24pm
Begin With The End in Mind

What makes a 'Good Deal' in Real Estate?

How to Calculate DCR, Cap Rate, Cash Flow, Expense Ratio's and more.

How to calculate your 'Maximum Offer'

Ask yourself these questions:
- What is my exit strategy?
- Buy and Hold? Lease Option or Flip?
- Cash flow or equity?
- Why are you investing?
Ultimately, Let the Financing Tell You

What type of financing are you seeking?

Hard Money

Private Money?
Look For the Worst House on a Decent Block!!

•     Whether your strategy is to "flip" properties, or to hold them for their rental cash flow, it's important to be able to draw potential buyers, or strong potential tenants, as quickly as possible. With this in mind, you should look at properties on streets that are maintained properly. This does not limit you to higher end homes. There are many "blue collar" areas that properly maintain the condition of their homes and yards. However, a street that has poorly maintained properties or many vacancies do not lend themselves to fast turn around sales or well suited tenants. Always remember that this is an investment. You take on a large risk, and a lot of work as a rehabber. No matter how much loving care you put into your property, you can do nothing about the condition of your neighbor's property. "You make your money when you buy a property, not when you sell it!"

       The Key Purchasing Formula: T

here are many formulas used for the successful purchase of a rehab project. It's important to use one. There must always be a comfortable cushion between the purchase price and the selling price of investment property. This cushion price will help you achieve a successful investment, even if you have repair cost over-runs, or hold on to the property longer than you had anticipated. Remember, every day that the property is not sold or rented comes right off your bottom line. The interest, taxes, insurance, and utility bills compound each day. Buying the property at the right price will protect you from Murphy's Law.



GodGood Luck..

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