All Forum Posts by: Jacob A.

I did.  They were very easy to work with and were open to negotiation as well so feel free to ask for a lower price.

What a stud.  He's like the Frank Sinatra of our generation.  He does it all.

I'll be happy to give you a name in a PM.  He's a GC that I've used and is a great guy as long as you are fair with him.

@Ryan Fitzgerald 

I'm going to have to echo @Johnny Aloha and @Michael Jobe here.  I am desperately trying to find another flip in Raleigh and nothing makes sense financially.  With that said, I feel the same way about the buy and hold properties.  Johnny's numbers are pretty spot on from what you can expect with a price to rent ratio.  Now there are some houses downtown and in Southeast Raleigh that you can get better numbers with but you probably don't want to step foot in those areas.  I've made several offers over the past few weeks only to be outbid big time.  Last week I offered on a house in South Raleigh/Garner and there were 30 or 40 other offers on the property.  It is scalding hot here right now and personally I think people are paying way too much in an effort to try and gain access to the market.  Don't be that guy.  Hope this helps and good luck to you!

Hey Willie,

Welcome to the site!  I'm always willing to look at good deals.  If you run across any feel free to shoot them on over.  Good luck to you!

@Ryan R. Congrats my friend. You may have gotten more if you listed it on the MLS but how good did it feel to already have a buyer locked up during the rehab process? That feeling is priceless I'm sure.

I just finished #1 and am itching to get into #2 as fast as I can, but those good deals are tough to find. Good luck to you in the future and thanks for sharing.

Assuming you can even find a loan for a flip from a bank, that bank will want first loan position. Once you start taking out multiple loans you can no longer offer first position on the loans. Good thinking, but highly unlikely.

I'll go ahead and jump on the @J Scott bandwagon for countless reasons. His contributions to BP and his own website were unbelievably helpful to my education. Thanks J!

Thanks for the kind words everybody! It was certainly an exciting day and process and I hope my experiences have helped out in some way for the BP community.

@Dave Meadows I'll be jumping into #2 as soon as I can find something worthwhile. I closed this morning and was looking at a house with my contractor this afternoon!