Young real estate investor in the midst of my first flip looking for a mentor preferably in upstate NY. I have some questions I want to review in measuring profitability and looking to learn and grow. Anyone looking to become a mentor?
Ashton Delgado: No, but dont be scared. The 1st one I ever bought was the worse one out of all of them. Never go against the numbers
Ashton Delgado: Im in Rochester myself
Lincoln Herrera: Im in the Albany area. I have a question on the taxes I had to pay during my closing. Since I am paying taxes every month as well will I get some sort of taxes back when I sell the house? This will help in my budgeting
Diego Jones: Use the flip calculator on Biggerpockets.com always be conservative in rehab cost, sale value and time to rehab. Ever want to talk I will PM my number.
BiggerPockets: The Real Estate Investing Social Network
Daniel Wolfe: Highly recommend starting to evaluate deals you come across with the ARV calculator on Reikit. The more you analyze and learn about the numbers, the more confident you will be when you finally come across a good deal. Reikit.com They also have very thorough posts how much flip costs are, rehab costs, etc.
How to Find Real Estate Comps and Calculate After Repair Value -â€¦