All Forum Posts by: Jackie Patterson

I agree with Joel. Ask. When showing any property, we always followup and ask for feedback, and if they are not interested, we ask why. I'm interested in any criticism as well as compliments so we can address any potential issues.

Welcome! What kind of real estate investing are you interested in? Whatever avenue you choose, you will find lots of good information and advice here.

Alice....I don't know what experience you have with condos, but I totally disagree. The very first back to back short sale flip we did was a condo in a highrise in Chicago. We made about $27,000 profit. Recently we did a short sale flip on a condo in California. There were others in the building available at lower prices, but this one was in the back with a great view so it was worth more than it's neighbors. Even if the condo exteriors are the same, there can be a huge variance in finish detail, location and view. I do agree with your last statement that ....."You should be smart enough to make your move and a bit experienced"...........and I think that advice applies to any real estate investment.

WOW! Congrats, Jon!

10,000 posts at 5 minutes per post (figured it takes time to read the previous posts) = 50, 000 minutes, which is 833 hours. That equates to 20.83 standard 40 hour work weeks! Quite an accomplishment and committment to Bigger Pockets.

Congratulations, MaryAnn. We like working with Ted, also.

We've had success taking on short sale condos and flipping them, with good profits.

We're also builder / developers of a condo development (custom, high end, green built) and see a big demand to buy condos. (They just can't sell their homes so they can buy!) There are lots of baby boomers approaching retirement age that don't want maintenance, and condo living is attractive to them. Also, although we don't lease our condos, we get lots of calls from people that are interested in leasing, so that is another market available for condos

While there can be a downside to condos, you can't lump them all together. There's a HUGE difference between an apartment conversion, a skyrise condo building, and a high end, custom condo neighborhood. Investing in condos is like any other real estate investment. You need to look at location, demand, market value, etc. in determining if it fits your investment strategy. Two exact condos can sit side by side. One has basic appliances, builder beige walls and carpet, modular tub shower, and laminate countertops. The other is finished with stainless appliances, granite counters, faux painting and decorator colors, wood or cork flooring, and ceramic showers. Although they are the same floorplan and square footage, they will be a big price differential.

I have to respectfully disagree with the statement........"you are not going to get a ton of value when it comes to changing the interior unless you put gold-plated walls in. The problem that you have is if someone else lowers their price, it automatically affects your value because there are not enough differentiating facts." SIMPLY NOT TRUE!

That's easy to do. Don't forget to read the Bigger Pocket Blogs and the member blogs. There's some good stuff there!

Welcome, Becky!

Thanks for introducing yourself. As you already know, there is a lot of great information on Bigger Pockets. We haven't done any wholesaling in your area, but have done 3 short sales in LA / Orange County that have been successful. Good luck!

Welcome, Zachary!

The way to start is having big ideas. Sounds like you know what you want, and have a plan to get there. You'll find lot's of great advice here. Best of luck!

Welcome, Armando!

We've done a couple of short sale flips in your area. Appears to be an active market with good potential.