All Forum Posts by: Andy Robertson

I think there is a simple solution to your question. Why would you not look into just hiring someone in the local market that already has access to the property because they shoot videos for Obeo or whoever. I am sure they would be happy to video the property for you on a flat rate basis. You can then have the listing agent write up both sides of the deal for maybe an additional 1%. You win, because you get the videos that you want, the video person wins because they get paid for doing their normal job and the listing agent wins because they get 1% more then they would of. Win , Win, Win

I am trying to get a feeling for the costs to renovate a home based on how big it is. I know that I am over simplifying things but if I wanted to create a rule of thumb to use when analyzing a property, what would you suggest I use as a starting point? Right now I have five buckets of costs: 1. Renovation estimates 2. Both buying and Selling Real Esate costs (6% on each side of the transaction) 3.Hard money costs at 2 pts origination plus 1 pt per month 4. Money paid to buyer when selling the property normally closing costs. 5.Title fees These are broken into 5 buckets of size: 1000 to 2000 sq ft 2001 to 3000 sq ft 3001 to 4000 sq ft 4001 to 5000 sq ft I am hoping you can provide what numbers you would use for these buckets and any other categories that I should be using. Thank you very much for your input! Andy

Where do people generally find homes to flip? What percentage of the homes that you purchase to flip are found through the MLS, your network of people in the community or other sources? I have heard that about 90 percent of properties are located on the MLS is this true? Second question, if you are a person who flips over 10 homes a year, do you have your own real estate license ir do you use an agent? Thanks for your input! Andy

Why would you not just keep it and rent it? I apologize if I am being to simplistic.