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All Forum Posts by: Daniel Phillips

Daniel Phillips has started 3 posts and replied 15 times.

Post: Fix and Flip in New Orleans LA need capital partner

Daniel PhillipsPosted
  • Saint Bernard, LA
  • Posts 16
  • Votes 22

Long time no see BP family

Found a nice fix and flip few blocks off St. Carrolton ave.

3bd/3bath 2100sf

land            5000sf

Asking                                                       92k

Conservative reno price                         60k

ARV for fast 30 day sale ~235k

Conservative turnaround                   60 days

Potential profit                                         66k

Need 100% funding for                           50%

Interested General Contractor will get 60%

profit already Including Agent fees , 10% unexpected contingency and closing cost

Post: General Contractors

Daniel PhillipsPosted
  • Saint Bernard, LA
  • Posts 16
  • Votes 22
Hey BP family, I have a Reno loan in under writing and will be hopefully find my first property to flip within 20 days. With this renovation loan I'll need a licensed contractor to submit bids and reno cost. Does anyone have any recommendations in the New Orleans area ? Thanks in advance

Post: Adjudicated Property

Daniel PhillipsPosted
  • Saint Bernard, LA
  • Posts 16
  • Votes 22
Yes civicsource.com great website. Even has a video that explains Louisiana's tax lien and tax deed sales

Post: Newbie in New Orleans LA

Daniel PhillipsPosted
  • Saint Bernard, LA
  • Posts 16
  • Votes 22
Thanks guys ... Nick Leonard good to see a local.

Post: Newbie in New Orleans LA

Daniel PhillipsPosted
  • Saint Bernard, LA
  • Posts 16
  • Votes 22

Hey Bigger Pockets family I'm Daniel Phillips living just outside the New Orleans area. If I can say one word that's true about myself and real estate investing that would be Passion. Can't get enough of it. Have years of electrical experience (not licensed) and the past 5 years I've been in the oil and gas industry working full time. Fix n flips/ fix n holds would be a goal of mine because that's basically one of my hobbys why not get paid for it. Glad to be part of the family.

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