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All Forum Posts by: James Robert

James Robert has started 27 posts and replied 70 times.

Post: So many options, what would you do in this situation?

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28

I have flipped a few houses now with conventional loans getting started. Made some good money. Bought a 325k house in one of the best neighborhoods. Worth about 450 if fixed up. Been here 6 months with a roommate that rents from me. I don't want to sell this. I would rent it. Currently doing a non-live-in flip that I am funding with hard money. After the flip is done I will have about 80k liquid cash to play with. Should I just buy something else with 5% down and move into it? I have been HUNTING for more flip deals that I can buy whenever i want with hard money. Just nothing really out there. I don't want to be in limbo. Should I broaden my search to out of state?  I am feeling some analysis paralysis. Flipping houses is my main source of income. 

Post: It's not about timing the market, it is about time "IN" the market

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28

Best time to buy is during the holidays if you know the area well. In the winter people are inside so you don't know how reckless the neighbors are. With that being said, if you know the street/area well, winter during holidays will be your best time to buy when competition is low. 

Post: Are townhomes/condos good investments?

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28

I don't like them. If you go on zillow and look at condo price histories, you'll see they never sell for much more than they were originally sold for. At least thats how it is in my Cincinnati, OH Market. People usually just break even after paying 6% in Realtor fees. They would have been better renting it

Post: Looking for a job - where can I help you

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28

Hello,

I have been a Realtor a little over 2 years in Cincinnati, OH. I am looking for a job with some steady pay. Transaction coordinator, mortgage underwriter, etc... would prefer remote work but can come in if its Cincinnati. 

Please let me know if you can assist! Resume attached.

Thanks!

Post: What would you do? Sell or Keep

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28

Thanks for the advice everyone. I ended up selling it and buying a new house in one of the best areas in cincinnati. It needs some work but its a way better opportunity.

Post: Looking for work. Mortgage Processor/Underwriter/Transaction Coordinator

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28

Hello!
I have been a realtor for 2 years and I am looking to get a mortgage processor/Transaction Coordinator/Underwriter role. I also have Marketing bachelors degree. I am 25 years old. Who can help?

Lets connect. I am located in Cincinnati but would prefer remote work as I want to relocate to FL. 

Post: Mortgage Processor Role

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28

Hello!I have been a realtor for 2 years and I am looking to get a mortgage processor role. I also have Marketing bachelors degree. I am 25 years old. Preferably a lender who is ok with me keeping my RE license and selling the occasional property.

Lets connect. I am located in Cincinnati but would prefer remote work anyway.

Post: What would you do? Sell or Keep

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28
Quote from @Ben Firstenberg:

I almost never say this but I would sell. You said you don't like the neighborhood and cash is a little tight. This doesn't sound like an asset worth betting on. Take your money, weather the storm and move on to the next one. 

Warren Buffett loves saying "if you wouldn't hold for 10 years, you shouldn't hold for 10 minutes". I think that applies


I needed to hear this. Im pretty much set on selling. I think i just needed someone to tell me im doing the right thing haha. 9/10 your gut is right..

Post: What would you do? Sell or Keep

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28
Quote from @Justin Hammerle:

@James Robert - would you cashflow if you rented it out?  Can you finance another property if you keep it?   If you can cashflow and finance another property maybe its worth keeping as a rental and moving on to another.


Mortgage is 1356 and it would rent for 1700 or so. I could afford to keep it and get something else yes but I don't know if thats what I want

Post: What would you do? Sell or Keep

James RobertPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 72
  • Votes 28

I just bought my second home a few months ago, I sold my first home last year and took home about 60k profit. The house i just bought, I am renovating. I had planned on staying in this one for a little while but I have quickly decided I don't really like the neighborhood. I paid 172k for this and I could sell it for about 210-215 after rehab. I have about 45k liquid funds and no other debts than the mortgage on this. Should I sell it and get another project in a nicer area? Or should I just stick this out and live here for a little while and wait/hope for more appreciation. I was going to air bnb it but according to Air Dna the houses don't pull alot of cash around here due to it not being that close to the city. 
I am a realtor so my income varies, this is probably why I am debating on selling because business is not booming right that. Should I sell it or wait?