All Forum Posts by: Ken M.

I assume most of them got big enough where they aren’t hiring contractors. They formed their own company. If you watched in the Indianapolis one it was same contractors every time. If you watch Sanborn in Detroit they are contractors. I ASSUME Jamil with triple digit flip having 10-20 flips at a time had a team. 

But as busy as James Dainard appears to be he talks about having a few contractors in his Rolodex so he can choose the “hungry” one. 

Lastly, I think many/most of the flipping shows showed it taking 2-3 months, sometimes 6. Although there were a couple gimmick ones that did it in 1-2 days. 

Heck the original flipping couple out in California OFTEN talked about waiting a month or several months just for permits. IRL 4-6 weeks AFTER permits is fast for most flips. Maybe 1-2 weeks for cosmetic flips.

My mom’s elderly neighbor sold to flippers. She loved giving me updates from the front porch. It was mostly cosmetic (other than than HVAC/roof/deck/tree removal) and they were done in 2 weeks even after painting the entire house inside and out, and replacing driveway. It was one of those “we buy ugly homes” companies. So maybe they have their own teams as well. 

Another one I just thought of..Property managers for people are doing BRRR's. (Basically flipping it to yourself.). I've had some destroyed homes made sell/rent ready in less than 2 weeks. My PMs venders get paid by the job, not the hour. So each specialty will show up with 4-5 guys and be gone in two or three hours. It's amazing what an experienced team can do. But that doesn't involve new/moving walls.

I would be miserable if the air couldn't go below 70 especially when Im trying to sleep.

I would definitely give someone a bad review that kept the AC from going below 70.

My wife would make us leave after the first day from being too hot!

Hey, everybody! I've got someone interested in doing a 99 year lease instead of buying my property.  Does anyone have any experience with this?

Thanks!

Hi Ken.  Thank you for the insight! I'm also interested in learning more about how deals can be done with as little as $5,000–$6,000. That’s an area I’m currently researching.  I’d appreciate any additional tips or guidance you’re willing to share.

Hey guys, currently a fresh wholesaler, never got a deal before, and just recently called a guy looking to sell a 4 bedroom and 3 bathroom home in Detroit, Michigan with tenants. Seller said that only 2.5 years ago, he dropped $25,000+ in renovations for the home. Thing is, this property is in foreclosure, and I'm not too sure how to navigate this deal? He bought the home for $420,000. I'm thinking someone could do something creative with this or if anyones interested in buying? This is also my first post here so excuse me for the messiness.

@Ken M. The goal was not to explain a particular viewpoint but rather leverage a common legislative pattern to infringe on constitutional rights in the same manner that left leaning Americans infring on other rights. Not trying to turn.this into a political discussion but rather to understand the value to real estate investors who want to infringe 

@Ken M. The link is informative but seems limited to Arizona and might still be legal in other states 

@Jay Hinrichs and @Chris Seveney - appreciate the explanations.  

Definitely makes more sense now.  

@Don Konipol what is the legal  liability between the Subto and homeowner of record?