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All Forum Posts by: Ivelisse Matos

Ivelisse Matos has started 2 posts and replied 19 times.

Post: Unsold tax properties

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

I am new to bigger pockets and investing. Someone told me about unsold tax properties. Can anyone tell me how to find them in my town and if they are worth it?

Post: Investor from Michigan, metro Detroit area

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

@Amir Wilson Welcome, business relationships it's what makes a difference.

Post: Designer?

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

So sorry Damien! They fail because they forget that the customer needs come first. A good tool could be houzz.com, I spend a lot of hours there. If that website doesn't work, tell me what will you need to point you out in the right direction. Do you need them to find suppliers or just provide you with selections? do you need them to meet customers or potential buyers? Give me an scenario to see if I have more resources for you.

Post: Designer?

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

I have to say, Travis is right, some designers take advantage when they work with cost plus jobs. I have worked with Custom Builders, Investors and Homeowners. They all have different needs. Usually for just picking materials out I charge my clients by the hour, around $25-$45 depending on how complex the job is and travel time. If I am providing a Kitchen Design with 3D Renderings then is by the job and page. If you need someone to find suppliers and manage the job then it is a set fee to start, plus a % of the job. Be upfront with the budget you have for the job and to cover their services, they should give you a total before even starting, including a 10% for any problem that may arise. Wouldn't you call back a designer that respects your budged, rather than inflating the job just to get more percentage? They just burn themselves. Good Luck!

Post: My first investor oportunity

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

Thank you everyone this gives me a very good plan of action!

Post: My first investor oportunity

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

Thank you very much for your opinions Jay and Derek!

I am curious Jay, I have never done anything like this. How will a finance to buyer work?

Derek, sound like a good plan since that will be all the money I have, no safety bed yet. Were will you start your research bout the market in the area? How do I find out how quick I can sell it? Realtor?

Post: My first investor oportunity

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

They are my parents so they just want to help me get started. Maybe I will give them something, but they are not asking for any cut. I haven't pick a property yet. I been studying the market for two years and I think is time to bite the bullet. I have spare time now and since I am always looking for customer materials, it will be very easy to target one house at a time for myself. There is one at $19,500 where should I start studying this one if this is the case? Realtor and Inspector?

Post: My first investor oportunity

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

We have a family investor willing to give $20,000 in cash plus $10,000 for reno. We can't use loans because our credit is recovering. Rent in our area for a 2-1 could go in between $700-$900 more or less. It depends on the school district. We can find a $20,000 and flip it so we can sell it between $60,000-$100,000 depending on how nice we make it and the part of town.

Post: My first investor oportunity

Ivelisse MatosPosted
  • Kitchen Designer
  • Sanford, FL
  • Posts 19
  • Votes 3

Hi everyone, I am new to bigger pockets. I been a kitchen designer for 15 years, and 9 months ago I went freelance to have more time for my dream, which is real estate. LOL spent too much time looking at houses for sale, might as well convert my passion to money.

I have the opportunity to buy a house cash that is not more than $20,000 so I can have money left to fix it up. So here is my dilemma, the house will be either in Sanford, FL or Orlando, FL. Should I fix it a little and rent it out under section 8, or should I flip it to make extra money and buy a better house cash?

My husband likes the idea of renting it out, but since I have ways to spruce places up and make them presentable, and cabinets will be no problem, I think it will be better off to flip it. That way we don't have to deal with tenants.  So which one is a better choice for a first time investor?