All Forum Posts by: John Seitz

Thanks for the thorough list. I have heard of River City. I'll check out the others as well.

I've gone down the rabbit hole of paint products. My head is swirling. What brand and level/formulation/line of paint do you guys use of that brand for your interiors and why? Thanks.

Hello St Louis flippers. Where do you buy your appliances? What are trends you’re noticing in type, style, color, etc?

Nobody has addressed this part yet - The tenant is always on time with rent, but there are now four adults living in the condo with a kid on the way

So you have a good tenant in some regards. Four lives will be affected. And they're in a possibly precarious spot with a kid on the way. Whatever you do be a good human being. First of all, a tenant who pays on time is a blessing and an asset. That has to count for something. Hopefully, they can get close to what the true rent value is. If not, make sure you give them plenty of time to find a new spot and a good reference (I'm assuming they're good tenants all around). Life is not all about numbers.

I just purchased a 1 bedroom, 1 bath house. Among other things, I need to gut and redo the bathroom. Should a house always have at least one tub or is a walk-in shower sufficient? How does that affect resale value?

I have my LLC registered. Do I need to make payments to contractors, etc from accounts with the LLC name on them or can the accounts just have my first and last name (personal accounts)? Is there any difference?

Hello, I am looking for recommendations on where to purchase single or double-hung windows for a house I am flipping. I will be installing these myself. The are 7 66"x32" windows that need replacing. Thank You.

FINALLY bought my first property (well, it's under contract, so no cigars just yet). I am looking for any recommendations on tools flippers might use to track work, expenses, their sanity, etc. I will be doing a lot of the work myself so any project management tools recommendations would be great too. Additionally, any recommendations on prioritizing things, eg. First, apply for permits, secondly ... would be helpful. Thanks guys. Happy flipping to all.

Hello,

I have an ethical question. I have been working with a real estate agent for about 6 months now (she is also a friend) on a fix and flip. I have not purchased any properties yet although she has shown me many and has been a great advisor. I recently started working with a wholesaler (a friend of a friend) who I may wind up buying a property through. If I purchase through the wholesaler I would not need an agent to do it. What do you think is fair?

- use her for the purchase anyway and give her the commission?

- calculate what her commission would have been and pay her a commission out of pocket + use her for the sale on the flip sale?

- give her a percentage of the profit + use her for the sale on the flip sale?

- only use her for the sale on the flip sale - business is business

I live in St. Louis, MO where the vast majority of the houses have basements. I also have an opportunity to purchase a SFH that is on a slab. I'm having trouble finding comps to find the ARV. Any suggestions?