All Forum Posts by: Israel Jimenez

Who else would love to hear David Greene talk about how the conflict between Russia and Ukrainian might impact the housing market? 

do any of you know how to ask him this question? 

I actually found those properties right on the mls! I was able to get them by waiving my inspection and doing a quick closing (paid with cash). 

Please don’t hesitate to ask any more questions if you have them!!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $148,500
Cash invested: $45,000
Sale price: $305,000

My 2nd flip

What made you interested in investing in this type of deal?

Bigger pockets podcast & money

How did you find this deal and how did you negotiate it?

Represented myself and found it on the mls

How did you finance this deal?

Life savings/ cash from my first flip

How did you add value to the deal?

I bought the house and managed the project

What was the outcome?

105k (before taxes)

Lessons learned? Challenges?

Buy your appliances and cabinets ahead of time. Waiting for these slowed my project down.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Israel A Jimenez ;)

Investment Info:

Single-family residence fix & flip investment in Winlock.

Purchase price: $110,000
Cash invested: $80,000
Sale price: $320,000

My first flip

What made you interested in investing in this type of deal?

Bigger pockets

How did you find this deal and how did you negotiate it?

On mls

How did you finance this deal?

Life savings

How did you add value to the deal?

Bought and managed rehab

What was the outcome?

120k profit

Lessons learned? Challenges?

What you put in you don’t always get out

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

One of my first purchases as a realtor

I’m rookie, how do I become a rookie rockstar? I flipped 2 homes within in a year and I’ve made over 100k profit on each flip!! The only reason I was able to do this because of the B.P podcast!!

Now I’m on my biggest investment and I’ll be using the Brrrr method!:) any suggestions for a 

Again, I’m not an expert yet, but I do get a kick out of helping people. Just let me know if you need me to look anything else up for ya and I’ll do my best to steer you in the right direction!   

No problem! So I did a little more reading for ya and found that a plat map is for subdividing. My bad. However, you will need make sure you obtain a permit from the city or county BEFORE constructing your new building. They want to make sure it follows building codes (such as fire code, electrical code, and plumbing code) and that your plans comply with zoning ordinances. Just ask em what else you’ll need to do once you get in contact with them. 

I’m no expert but I think you’ll need to submit a plat map to see if it obeys the local zoning regulations. You’ll also need to consider what it may do to your property taxes... again not an expert. Depending on what you’re doing you may also need to pass certain inspections once you’re finished with your project(you probably already know that).