All Forum Posts by: Terri Lewis

Thanks, Ron. I will get my partner to do the facebook he did on the another property that we are wanting to flip. We had a lot of people wanted to rent it. At this time that was not what we were looking for on that one. I am proud that we have at least come this far. Now it's just getting to the next step.

I have been trying to read a little about the crowdfunding. I will check that out a little deeper and make some contacts there to see what we might be able to come up with. Not sure of how any of that works. I guess the best solution is to start asking questions about how it works and what the criteria is for the funding. We have done several complete rehab jobs for other flippers. I've also been close to several contractors for over 30 years. Some I have help them on some of their projects. More of a hands on person. As we grow we want to change that but for now it seems that it is the most economical means to help offset the expense of a flip. once again thanks for all the help. We have a strong desire to grow and I am glad I found this site to help with these questions, and advise to get us where we want to be in a few years.

@Elio L. Great, a Realtor we've been working with " both directions" wanted to talk to me about it. Just didn't put much into the possible importach of the discussion because she does not like wholesaling, but what the heck. She might have some investors to talk to.

We seem to keep missing our local REIA meetings. Need to move up the importance of that too. We seem to always be out of town doing emergency work that night. Might have to make the emergency wait a day, or get someone else to handle the job. A little delegation on my part is needed. I've been trying to take time and read. Just need to keep putting things into effect. Thank You for the input of knowledge.

Thank You very much especially for the depth of your examples. We are one of those that really don't have the funding to invest in the property, hince wholsale it. We re hoping to gain some funds from wholesaling to help us move into our disired market "fix and flip". Also have a property we've been working on funding for, but don't have the "skin in the game" cash, and it's less than the mostly required $50,000. I will go back and work at the specifics on this, and see if I can make things come together. Thanks so much.

We did just the opposite on the replacement vs. new. My contractor made it work and looked great. The guy that sold me the windows wasn't any help or I would have been steered in the right direction. Your window are a definite improvement. Looks great!

I have our first property under contract. After 12 days trying to move it, nothing significant has transpired. I am wondering if it is the marketing I lack, or the area. I feel it is a great deal but I have only had 2 inquiries. I listed it on BP, Linkedin, and craigslist. with a link to pictures, and details about the property. I do see that there is a lot of competition on craigslist but not one compares to this property. I have a small buyers list and sent it out to all of them. I show it for sale at a certain figure, should I have just stated " buy contract for $5,000"? It is showing at a low of $51,000 and high at $58,000. I have been asking $28,000. I am running out of time and really want this to happen. If anyone has any input, I would really appreciate it.

I'm not sure if Desmond is in the same shoes as me. I see wholesaling as a way to gain funds, to further investing opportunities. With out great credit and money set aside for "skin in the game", it is hard to acquire funds for true investment opportunities. My favorite is fix and flip, but this too also takes cash in bank. So the only way to gain ground in RE is to wholesale in the beginning. Also as a great way to have faster cash available for future projects.

We have one contractor we pay cash. We know him really well, and he has done several jobs for us prior to our cash agreements. I wouldn't want to pay cash to someone we don't know because of the possibility of unseen poor workmanship. Everyone's suggestion of a contract would protect you from that. The money savings is a plus in your pocket a long as you are covered. I would also wonder what he is trying to do? Hide income or make sure he is paid. Our guy has a good reason for requesting cash at this time, that he disclosed to us.

At the price you have paid, sounds like you will be able to afford to put a lot into it for rehabbing and make a really good return on your investment. I look forward to following your posts.

The roof is looking great. I'm curious as to how much you gave for the property and what the ARV is. It looks like a pretty big project. Any numbers on the rehab cost? We've always shy'ed away from properties when it needs a gut job. Also do you have an idea as to your time frame?