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All Forum Posts by: Eli Edwards

Eli Edwards has started 6 posts and replied 19 times.

Quote from @Troy Anthony:
Quote from @Eli Edwards:
Quote from @Troy Anthony:
Quote from @Eli Edwards:

@Stuart Udis Thank you for sharing this! I think I'll hold off on any courses and just learn more from doing and the BP community. Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes. Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months. 


 What sites did you list your properties on?


 I listed it with AleSolutions and Alacrity Solutions. The family that was placed into the home is still there and taking great care of the property.

 @Eli Edwards thank you so much for the quick response. Im so happy that it is going well for you. I have a couple of questions: How long did it take you to get a family in after listing it? How did you determine how much to charge for rent? I plan to convert my current rental to MTR insurance rental. My current tenant is not taking care of the property.

DM me when you get a chance, these quotes are just looking cluttered and I dont wanna bug people following this post.

Quote from @Troy Anthony:
Quote from @Eli Edwards:

@Stuart Udis Thank you for sharing this! I think I'll hold off on any courses and just learn more from doing and the BP community. Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes. Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months. 


 What sites did you list your properties on?


 I listed it with AleSolutions and Alacrity Solutions. The family that was placed into the home is still there and taking great care of the property.

Post: Looking for a mentor to shadow

Eli EdwardsPosted
  • Posts 19
  • Votes 11

I have never done a fix and flip and I have been stuck in analysis paralsysis slely due to the feeling of not knowing what I dont know. I am hoping to find someone that actively does flips here in Denver or its surrounding areas that I can shadow and learn from first hand. 

Post: Fix and Flip Contractor in Denver

Eli EdwardsPosted
  • Posts 19
  • Votes 11

Hey Steve, I am in your exact same position. Although, I'm sure you have found a solution to this considering this post is several years old. 

Could you please let me know if you had any success with this?

@Jose Hernandez Do you have any updates on your experience with VRM? 

Post: Has anyone tried this?

Eli EdwardsPosted
  • Posts 19
  • Votes 11

Has anyone ever tried to bring a homeowner/seller in on the flip? Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc. Ultimately being a win win for both parties. Please let me know your thoughts and please poke holes in this idea! Thanks!

@Stuart Udis Thank you for sharing this! I think I'll hold off on any courses and just learn more from doing and the BP community. Luckily the family in my rental is paying $9000/mo (3x my mortgage) so I am gaining signifigant wiggle room for mistakes. Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months. 

@Stuart Udis Thank you for your insight, considering the quick success of when I listed my home for IMTR I assumed I was just lucky. Hearing that you get bombarded with inquiries is great to hear and gives me more confidence in my local market for filling a demand. Thank you again! 

Post: Help finding active wholesalers

Eli EdwardsPosted
  • Posts 19
  • Votes 11

@Brian Bohrer I can't believe I never even thought about calling the we buy houses signs.... that's a great idea. Thank you for your insight Brian! 

 @Sofia Komrskova The biggest selling point for me is access to the existing network of IMTR relocation specialists which would take years to build up on my own and I have had zero luck on BP getting any feedback specifically for relocation specialists. 

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