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All Forum Posts by: Clint W.

Clint W. has started 3 posts and replied 22 times.

Rehabbing & House Flipping

Post: Discouraged First Time Flipper

Clint W.Posted
  • Investor
  • Las Vegas, NV
  • Posts 22
  • Votes 12

TBH, flipping is hard.  There are a million people doing it, and a dozen TV shows glorifying it.  I have considered it a few times, but I am not in the position to flip.  It takes cash.  I have a small portfolio of properties that are turning a positive cash flow in rent, and I will probably be doing that for a little while longer.

My suggestion would be to consider a rental first.  If you can't afford to drop the cash and move the house quickly, you will lose your profits in monthly fees.  HOAs, mortgage, etc...

Good luck!

my $.02

1 Vote
Real Estate Deal Analysis & Advice

Post: 4-plex deal analysis

Clint W.Posted
  • Investor
  • Las Vegas, NV
  • Posts 22
  • Votes 12

With the starting point mentality, you don't want to offer your best price.  I would determine what my top dollar offer would be and then reduce that by about 10-15%.  That way, the owner can counter and it will be close to your initial thoughts.

my $.02

0 Votes