Hello my name is Nate, I am in the process of starting on my first project (fix/flip), currently I am a project manager for a large renovation in Central Phoenix. Managing this project for the last 2.5 years has given me the confidence to start my own project. My partner and I plan on doing all of the sweat equity on our first project and hope to have it completed start to finish in 6 months.
I am a hard working hands on guy that knows how to save $$$ on renovations. Having managed large scale renovations for the last 5 years I have the knowledge of managing projects as well as the skill-set to put in sweat equity. I am working with a few trusted partners to start on some projects of our own.
>15 years property management(budget planning/investor interaction/property maintenance
>Running/managing a crew of up to 8
>Managing project renovations up to 300k
>Skilled tradesman (Painting, Carpentry, Plumbing, landscape, finish work of all kinds)
>Putting together investor packets
>Underwriting real estate for investment fix/flips
Sounds like you are on your way! Hardworking and organized are great traits to have for a successful flipper. Best of luck and welcome to BP.
Hi Nate- How did your project in Central Phoenix go? I saw that you and your partner were going to do your own "sweat equity" and was curious if you meant that you are going to do all the work or going to find it and do all the work. From my experience, doing the work yourself is like buying a job. I looked to buy a Subway franchise years ago, but learned that you basically work for your money instead of having your money work for you.
I found money partners, great contractors and someone to run the project while I keep my full time job. If you are looking for someone to partner with who can bring the contractors, properties and put you with the lenders to bring everything together, take a look at The Matrix as they are in Phoenix and have a great track record.
Also curious to hear if your end game is to flip it or for a buy & hold.
Best of luck
Welcome to the BP family! You came to the right place to learn all about real estate investing! Here are some recommendations for you:
Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/
If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.
Wishing you the best!
Welcome to BP fellow neighbor @Nathan Alekson
Welcome aboard Nathan. You will find a wealth of information here!
Hello @Nathan Alekson sounds like you are on your way.
Please share the details of your project, I know myself and the BP community would love to hear the details from someone who has done it on a large scale and now going out on you own.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you