All Forum Posts by: Sarah B.
Sarah B. has started 25 posts and replied 114 times.
Post: How Do You Sell your Rehabs - Realtor, FSBO
- Investor
- Key West, FL
- Posts 127
- Votes 29
I would recommend using a real estate agent. MLS is like gold when it comes to selling your property quickly. I have tested both routes and have had infinite more success using a real estate agent on the MLS. I am a Realtor myself and have listed many properties for investors. I did list at a discounted rate because they were giving me multiple listings. If you have ongoing business to give an agent, I wouldn't be shy to ask them to list the properties for 1.5-2%.
Post: Fix and Flip business plan
- Investor
- Key West, FL
- Posts 127
- Votes 29
J Scott, great website with excellent resources!
Post: My first flip, detailed adventure
- Investor
- Key West, FL
- Posts 127
- Votes 29
Originally posted by Jonnyv88:
I have it under contract for $16,500. Comparables in the area are selling in the $80-90,000 range
Wow what an incredible purchase price!! Unfortunately those prices are unheard of in my area :(
I work with a few investors here in northern California acquiring and selling properties for them. I find 65% of these deals on the MLS. I locate properties for long and short term holdings. I find some fabulous deals on the MLS. I recently found an amazing property that I need to place with an investor. 26% return as a rehab investment.
Don't get me wrong there are the downfalls of dealing with the banks in short sales or REO's. Long approval delays, multiple counter offers, hot shot agents that don't return phone calls, etc. But...there are some good deals to be found, especially if you are a rehab and flip investor.