All Forum Posts by: Fanon Hutchins

@Judy P.

I would recommend you speak to a real estate attorney regarding your options. Then notify the tenant by certified mail, that the lease will not be renewed.

Good luck in your decision with this matter.

Its seems like I am getting messages from individuals regarding Darnell. My situation was due to miscommunication, and Darnell and I, have been able to get back on the same page. Being able to resolve the communication problem has been a great relief. So please, there is no need to ask me if he is a scammer or a real person. He is a real person, and you can learn from his knowledge. 

I agree

I was able to learn somethings from him. My only complaint, is the lack of communication that formed. It became very difficult to connect. I am a determined person, so I took the time to learn things on my own. Like I said in a previous post.. He seems to be doing really well in his business, but the inability to connect via phone, email, or in person, is unacceptable to me. I know we are all busy people in this business of REI, but dont become a ghost when you have a paying student.

Avoid him at all cost at least for the mentor program. He may be a great investor, but he did very little to help me when I asked for assistance. I have the email and msg chains to prove this. Good thing I document every conversation I have when its business related, otherwise I would have nothing to show if I choose to persue legal matters. 

I have run into him, and was apparently scammed for his coaching program. Its a shame, after dealing with this situation. I have actually learned a lot on my own, and by asking fellow investors. Lesson learned and will never be repeated. 

Does anyone have an example of an Ad they use on Craigslist to find Buyers and Sellers?

Thank you @Rafael Norat for your response. I did not consider partnering with the GC. I will keep an update on the status of the deal/project. 

Hello Everyone, 

After years of researching and finally convincing my wife to join in. We have found a property that we would like to buy and flip. 

The property that we are looking to purchase is currently a 556 sqft, one bedroom, one bathroom home on the market as a short sale. We would like to purchase the property for $165,000 and then expand the house, so it is 1,006 sqft, and make it a two bedroom, two bathroom home with a master suite. The contractor that viewed the property with us, estimated the cost of the construction at $100,000 with a 65 day time frame. Since I am a licensed agent, I will be able to sell the property saving on the commission. The ARV for the property after the constructions based on comps in the area, is around $395k to $415k. Making the ROI around 40%.

We are trying to find a partner, that would be willing to fund the project, and we would take care of the construction and labor of the project, and would share the profit of the sale 55/45, with us getting the 45% portion of the profit.  Does that seem reasonable?

@Jason Boltonwelcome to BiggerPockets. My name is Fanon Hutchins, and I am a local Realtor in the Sacramento area. I am also looking to start fix and flip properties in our area. I wish you the best of luck, and plenty of success.