 Hey there Chris Birch entrepreneur strategies. I just wanted to jump on today I just got another email from a wholesaler on a real estate Potential real estate investment in the same neighborhood that I just sold a remodeled house There's actually about two blocks around the corner from the house that I just did the end of last year And what I'll do is up here. I'll put a link to that video of Myself and my boy Chris Haskins doing a walk-through on the scope of work that we did and The just the sheer involvement that we had to put into this house was built in the early 1900s and a lot of you know Wood frame homes back in the 1900s They they need a lot of work if they weren't cared for so but what I wanted to do today is show you a free way that I'm able to Prospect a potential real estate deal Let me share my Screen here So I I got this email. Let me go to my email. Got this email. It's a property in district Heights Same neighborhood 207 47 same neighborhood as we just remodeled. It's on a street Marion Street and This wholesaler Excuse me. This wholesaler breaks it down as super clean brick Front Cape Cod with three bedrooms one full bath hardwood floors updated windows and updated HVAC and water heater Walk out unfinished basement with room For a fourth bedroom or a or end a second bath It's a nice fenced-in yard Fenced-in yard with a large back deck They actually put some Photos not that one It puts some photos on here You know, it's not beautiful, but I Just I just I'm trying to justify their number They're saying here The buy price for me as an investor 245,000 They're saying the renovation is 55 to 60 So if you even if you did let's do 60 so you're at 305. They're saying the ARV is 375 I'm not quite sure about that only because I understand that It's been close to a year since we sold that property But if you just look here with the condition of it, it's not horrible Obviously new siding either someone came in and patched with a different shade. So that's gonna have to be Resolved somehow possibly paint it. I don't know how you guys feel about the paint on Vinyl siding I've heard that it lasts for a couple years. I don't know if I'd want to do that in the long term Hardwood floors you'd obviously need to refinish them a new front door Windows are in place, but I can't really see the condition With this awning on the front Maybe just paint it. Maybe remove it. I don't know then you have these two dormers up on the top here Probably that's one room up there. Maybe two rooms up there Let's see if the photo. All right, so there there's one so that dormer would be sticking out over here to the left sticking out to the front Unfinished basement Don't see anything major At some point There was something here because obviously you see they painted, but then there's then the raw Foundation block there. So I don't it could have been a bookshelf or something like that. Who knows? Um bathroom is sideways Kitchen lower grade, you know for market countertop generic sink Probably the cheapest gas stove that you can buy at your local Lowe's or Home Depot All right, so there's the bathroom. Yeah tile Maybe just re grout it and glaze it paint it and glaze it. There's nothing wrong with it kitchen Encounters so you know like missing doors. I Can't really tell the condition of these but potentially Potentially you could just paint them, you know, it's a you know, if I can say if you're gonna try to flip this property I gotta see where the numbers are so All right, so we're back to the living room so I Pulled up Zilla free and I drop the address in here and then I mark sold and click done So we have one here that sold it's a four bedroom on the same street Four bedroom two bath. There we go. I mean it's sold in 2019. So over a year ago But like I said, it's it's under three. So let me go back to their email when they're saying 375 I'm not sure But let's see what they did with this one that recently sold Go through It doesn't look like they did anything. They just kind of maybe paint. Well Those are not I don't think those are new cabinets. They might be through, you know, not my choice, but whatever Looks to be like a granite or quartz type countertop very generic tile Hmm. I don't love the paint, but who cares. So yeah, this is a very almost an identical footprint of This wholesale deal we're considering Yeah, I mean, it's not horrible, you know, very similar style if you look at the At the front of our prospect house. Where was it right there? So you got that one at 7403 and this one Oh 7400 so literally it's No, no, it would be across the street But, you know, not not bad, you know, not bad. Let's see what else we have To kind of help us bring a comp for this What's this one on Lake Hearst this three now, that's not a comp Let's go around This is gonna be a low ball, but now that is not a comp I Have here Mary and yeah, I would use that as a comp. No, here you go 2018 sold for 225 so Kind of leaning towards maybe not Maybe not a potential, but I mean, I guess the real training here guys is you can get this data For free you can go to Zillow. I sometimes use Redfin and I have you know, I definitely have some more Advanced stuff like prop stream. I'll put Link down in the description if you want to check out prop stream It's a great tool you do pay for it But you know it adds value because you can really see some stuff that Trying to get zoom into this one that said 325 here we go Yeah, I mean I guess you could say it's similar it doesn't say how many bedrooms but looking at the square footage is about the same as the one we're prospecting and Yeah, so it's sold just a couple months ago for 325 But that's weird that they don't the only thing they have is a street view. They don't have the listing photos. So I'm not sure Let's see if they bought it. Oh Okay, there you go. They bought it in September of the same year for 195 Likely went in there and painted and freshened up a little bit and Sold it from 325. I mean, I don't know what they might have put into it. That's 50 grand. Maybe 40 grand You could probably get new kitchen and a redone bath and Refinished the hardwood floors and you know some things to that that's possible But now look that's 325 and they're still Where are they back? They're still looking 245 for it, but they're saying The ARV is 375 So let me try to find one more comp So I would have to probably put an offer in on this property let's see if I I'm gonna lower their their comp is I think it's too high because I'm not seeing I Did a project so here let me go back to Marion so here's Marion Street right here. You see where my mouse is Marion if you come down Lakehurst to Marlboro Pike That house that I just did a little over a year ago is right here now this only sold for 275 but We put almost a hundred into this house, right? I think we bought we bought it around 105 I'll put a put a link in the in the video here You can check out the the video of us walking through as we you know renovated this property But yeah, this this house right here was a horse man. We took the whole roof off See that yeah Now we had a two-car garage this house doesn't we had a driveway the house we're looking at now doesn't We had some serious acreage. We had almost a quarter acre of land If you can see how big look how big the backyard was like Whoever whoever bought this property from us after we renovated it got a sweet sweet deal Was a three bedroom two bath? All on one level it's basically a brand new construction is what we did so enough about that But just to give you guys an idea I do know this neighborhood because I just did a deal there the end of last year and I'm trying to see how this comp Would make sense Is there anything else sold? There's another one couple blocks over now. That's not a comp about the corner one Mmm No, it's not So I don't I don't know where this wholesaler is getting their comp from or their idea of a comp from As far as the after repair value this neighborhood is truthfully It's under a $300,000 neighborhood and I'm just not seeing it at all. Let me see if Let me see. I also use Homesnap sometimes and homesnap gives you a little bit more of a perspective. Sorry. So homesnap is Estimating their value of this house at 264. I understand. I'm not a licensed realtor. I understand that The a lot of the internet pricing is not accurate. It's usually high So if it's usually high then 264 is high, right? So they're saying Rental analysis is like 2200 You know, and I'd be curious guys If you're if you're watching this video comment down below If you're a skilled real estate investor, I mean It's hard to give you too many too much too many details of this property, but we do know that it is a Just over a thousand square feet Thousand square feet one bed three bedroom one bath, right? I know every state every town in the country is different But give me an idea comment below. What do you guys think the renovation would be on this? I mean you can rewind this this video and look at these photos again About as detailed as I can give you without seeing the property They are requesting on this deal Yeah, close they need to close on January or by January 29th, which is from today is 10 days from now today's the 19th. So 10 they need to close in 10 days on this But you know I'm just curious your thoughts, you know, I don't know. I'm not sure If this is something that I would I definitely wouldn't pursue at 245 because I don't think the 375 after repair value is there You know We shall see I'll actually you know what I'll follow this one because I am I Am inquisitive to know What someone pays for it? So I'm gonna make a note and I'll put a link in in this video I'll put I'll put a link right now of the follow-up video once this property sells or whatever they do with it I just want to follow up and see because I'm not seeing how they're they're doing those numbers But guys if you enjoyed my content, you know, do me a favor hit the thumbs up Don't forget subscribe to my channel I'm gonna be posting stuff like this all the time kind of giving you the perspective of an active investor I'm a small business owner You know, I love the real estate game working of the deal finding the deal fixing the house or wholesaling the house So yeah, I mean follow along subscribe to my content hit the bell so you get notified When I update new information and post new videos, but until then I really appreciate it guys talk to you soon