All Forum Posts by: Joe Stafford
Joe Stafford has started 18 posts and replied 72 times.
Post: Completed my first Rehab!
- Flipper/Rehabber
- Fort Lauderdale, FL
- Posts 76
- Votes 34
I have been reading on these forums for a while now and I finally am going to begin posting!
I completed my first rehab this month!
This has been something I have been wanting to do and I decided I just had to do it! Under contract in one day!! 2nd property already under contract, I will keep you updated!
Questions!? Feel free to ask!
After
The blue was already there!!!
After
After
Before
Before
Before
Post: Newbie Getting Started
- Flipper/Rehabber
- Fort Lauderdale, FL
- Posts 76
- Votes 34
First, inform everybody you know exactly what you do. I have had multiple deals come to me just knowing what it is I do.
2nd, A real estate agent can help (I am one) The downside is finding one that is willing to put in lots of offers until one sticks (my market typically has me making 50-100 offers before one sticks if it is through the mls)
3rd, Wholesalers are great options, make sure to account for that in the rehab as well.
4th, Buying non-performing notes
There are countless ways, persistence will win every time.
Side note, you mentioned only Buy, Rehab Sell. Make sure you know all the costs that come with buying, rehabbing and selling. Taxes, Closing Costs, Insurance, Wholesalers Cut, Cost to borrow money (if needed) Rehab, Realtor Fee's, Income Taxes, Taxes to sell, Closing Costs again, Permits, Holding Costs Etc. (Many people dont do this)
Hope this helps some.