INVESTING IN REAL ESTATE 3 COMMON BEGINNER MISTAKES ABHI GOLHAR
I will offer a quick ruleofthumb that I use when looking at singlefamily flips:
If the timeframe for the entire deal from closetoclose is less than 6 months and I have confidence in my team to
get the job done, then my Maximum Purchase Price = (7075% * FMV) – Cost of Repairs.
Otherwise, my Maximum Purchase Price = (6065% * FMV) – Cost of Repairs.
For all new construction deals, my Maximum Purchase Price = (1822% * FMV) – Cost of Construction.
Does this mean that sometimes I may miss out on opportunities? Yes. But I am okay with that. There is a lot more to
talk about here, even if you are a seasoned investor. If you have questions, feel free to get in touch with me.
Q&A: How do I find good property
management companies for my rentals?
Q&A: In wholesaling, when do you put a
property under contract?
More of Abhi Golhar videos here:
Q&A links here: https://www.youtube.com/playlist?list=PLsO8N9_s2zdIolSJm2PSH_BtQvs_yTyXk
Periscope moments here: https://www.youtube.com/playlist?list=PLYZpKbQnSGUOjbzJS5 uRqQZsC5p19anxy
Abhi Golhar
Abhi Golhar is the Host of Real Estate Deal Talk and Managing Partner of Summit & Crowne. Abhi
uses a “valueadded” approach to invest in real estate renovation, new construction, and
development opportunities in the Southeast United States. He actively educates and works with
investors to deploy marketdriven strategies that yield success. Abhi holds a BS in Electrical
Engineering from the University of Michigan. You can find him on Twitter, Snapchat, and Instagram @AbhiGolhar.