All Forum Posts by: Charles A Munk

@Marcos Paulo Cerra Thank you!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $124,900
Cash invested: $42,000
Sale price: $202,000

4/2 SFH home that had several challenges to overcome. Learned a lot from this flip.

What made you interested in investing in this type of deal?

It was in an area that I have had success in.

How did you find this deal and how did you negotiate it?

A wholesaler sold it to me before it hit his network of buyers.

How did you finance this deal?

Hard money.

How did you add value to the deal?

Remodeled kitchen and both bathrooms. Also, new paint in and out. Finally, installed new roof.

What was the outcome?

Bought, remodeled and sold the home in less than 4 months. Made a decent profit.

Lessons learned? Challenges?

1. It requires a permit to replace an exterior door.
2. The BiggerPockets website is a great resource for overcoming challenges and finding information/people.
3. Virtually all problems have already been solved. You just need to find out how to find the answers.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

It was my 2nd deal with MoFin lending. I would recommend them.

@John Sterling That's great.  I hope your success continues.  I'm still on the fence.  

We are moving Meet-up location from Houligans to Mellow Mushroom, Port Orange

@Ted Kawabata stay as close to Stetson University as you can in Deland.  Some areas in Deland are more challenging than others.  I would focus more on Sanford/Deltona/Debary/Orange City.  Anything close to I-4.

@John Sterling  Thank you, I hope it goes well!

@Lee Ripma Thank you for the advice.  I appreciate you taking the time to share your experience.

@Lee Ripma  I read in a post that your tried (trying) LeadGeeks.  I wonder what your experience with them was?  What do you think was your closing rates on those purchased leads?  Thanks.

Hey Biggerpockets,

Has anyone used LeadGeeks for real time leads?  I would be very interested in hearing your experience.  Thanks in advance.

Nice meeting everyone today.  It was good to connect with other RE Investors in the area.  Thank you for all the ideas and perspectives you all shared.  I learned a lot and am excited about this journey in real estate.