All Forum Posts by: Dean Romero

Thanks Steven!

Hi Rodrigo, great to meet you. DelMar is definitely an area that appeals to me as well as the surrounding areas. What has been your experience with finding good fix/flip opportunities in that area. Very interested in connecting. I would love your thoughts on how best to incentivize agents to be on the lookout for these types of opportunities. I know a lot of investors cold call agents, but one of the options I learned would be to offer the agent the "buy" commission on the home and also the option to market the property once it is ready to get the "sell" commission. Is that something that appeals to agents or would you say there are other things I should be doing to motivate them to work with me (assuming that I bring the standards of quick closings, ability to solve seller challenges, long term partnership, etc). Thanks!!

Hi Joe,

Thanks! We already had lunch a couple of months ago and you showed me a house your son was flipping in Mission Viejo. I also spoke to you at one of your Meetup groups.

Will definitely reconnect when I have a deal to review. Would be great to have your input. 😎

Hi Obed,

Thanks for the response. The reason is twofold:

1. Wanted to gauge what the average profit increase is for a particular area pre/post flip. I know that depends on several factors (quality of flip, etc) but it still provides a good baseline. Also gives me a good idea of where flips have the greatest ARV impact.

2. Gives me an idea of what changes are being made to properties and how impactful they are.

I feel like there are two types of flippers that are differentiating themselves: 

1. Those who do quick/dirty changes that are primarily cosmetic and completed for a quick turnaround.

2. Those that are creating "custom" changes that are rethinking the entire flow and feel of a property.

#2 obviously costs more, but if the area supports it, those are the types of flips I would rather be involved in.

Thanks for the feedback!

Hello all!

My name is Dean and I am a new fix/flip investor focusing on the Southern California market. I would be very interested in meeting other like type investors with experience in SoCal from Orange County down through San Diego County. Trying to build my network so I can leverage the experienced investor community in my area. Thanks!!

Hi all,

Has anyone put together a model (either MLS or Redfin) that looks at homes that have been sold/re-sold within an 18mo period? I am looking for properties that have been flipped and attempting to gauge the original vs. flipped price and bounce that against the interior changes made as part of the rehab.

Thanks!

Hi guys, I have been following your conversation and I was wondering if you have ever put together a model (either MLS or Redfin) that looks at homes that have been sold/re-sold within an 18mo period? I am looking for properties that have been flipped and attempting to gauge the original vs. flipped price and bounce that against the interior changes made as part of the rehab.

Thanks!