All Forum Posts by: Sarah B.

Currently I pay to stage. This house cost about 2k. I've gone back and forth on purchasing my own stuff, but for me it's more than I want to deal with right now. I know ultimately it will be cost effective, but the initial costs are quite high. I would have to purchase enough to furnish 2 living rooms, 1 bedroom, 2 bathrooms, kitchen items, and office items. Then come the transportation costs, storage costs, and inventory upkeep w/ damaged or stolen items. Too much headache for me.

Thank you ALL so much! I design the rehabs myself, with the help of my contractor who brings me back to reality that we actually have a budget to work with. LOL! Admittedly I'm a bit of an OCD perfectionist and have to check myself sometimes that we are doing flips, not building $1M houses.

I do lower end stuff in lower end neighborhoods, but still like to be the best looking house on the block. It's just what works for me.

I have been involved in approx 160 flip projects, from locating the deal, to project design, to selling the end product. I have personally done (from start to finish) 15 projects in the last 2 years.

I'll update the final numbers once we close.

hard money?

I have another potential deal:
Acquisition Price - $340k
Rehab - 155k already fully bid by a contractor.
ARV - $625k (currently and conservative, the market is ever increasing here)
Profit is est 79k.

This is a larger project and would need to add up to 1,500 sq ft. I am adding 800 sq ft to a project up the street from this house and used my contractor who I know and trust to bid this house at 155k.

If you like the deal but don't have the capability to manage/execute the rehab, contact me to see if we can creatively make it work.

This was my biggest project yet. It went a little longer than expected due to having to deal with a jackhole of a contractor, but luckily the market is hopping and prices are increasing. Offers in over asking price, est 80k profit, 30% ROI. Before the market changed it was a base hit. The recent price increases have made it a home run (woohoo!) I lined up the pics best as possible for a true side by side

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I know of a good deal here in the Sacramento area, I don't have this kind of capital yet and my investors don't either or have their funds tied up in other projects and can't cover purchase & rehab price

$600k purchase price
$70k rehab conservative (full rehab & roof - no additions) over 3,000 sq ft.
$850k ARV (currently - prices are increasing here steadily)
$68k - approx sales & holding costs - majority paid through resale

Profit - $112,000 est
ROI - 16.75% est

Contact me if interested

Has anyone worked directly with this company?

In the beginning of January I wrote offers on 2 houses that I found on the MLS listed by an agent. A few days after I submitted the offers, both houses were cancelled and withdrawn off of the MLS. I tried to contact the agent to no avail. I disregarded the properties and thought nothing of it. About 45 days later I receive contract paperwork and acceptances from BKSS Short Sale Solutions. Strange, but I was pleasantly surprised and returned both contracts signed. They requested an updated POF which I sent over immediately. When I didn't hear anything for 2 weeks I emailed asking for status update. No response. It's been almost 2 months and after a few emails (no phone number available) I still haven't heard anything. I just googled them and finally located a contact number I will try tomorrow to see what happens. First it was odd that both properties were listed and pulled of the MLS, only to receive contracts a month and a half later and the agent is no longer involved in the transaction. Now I haven't been able to contact anyone for almost 2 months.

Has anyone had heard anything or had an experience with this company?

The whole thing sounds a little fishy if you ask me. If you are going to partner up, do it with someone on a 50/50 split as others have mentioned here. Check their references, verify the deals they tell you they have done (most verifiable through public records as well), visit their current projects, see how they run things, ask for before and after pictures, ask what their simple & annualized ROI is; they should have spreadsheets with previous projects that show this.

Find someone who is reputable. This guy doesn't seem to be at all.

Good luck!

Hello,

I'm thinking of venturing into the florida market. I currently flip houses in Sacramento but supremely miss my hometown, my family, and the beaches of Florida. It seems like florida is hot for rentals more than flips right now, is this accurate? I'm specifically looking into Hillsborough, Pinellas, and Pasco counties. Anyone work in those markets, rentals or flips? Are you finding deals on the MLS, auction, tax deeds? How is auction there? Another concern is the insurance cost for sinkholes, flooding and hurricanes, I've never had to deal with most of those items here in California, ever been a deal breaker for you?

I just returned from a trip to florida, coincidentally enough I ran into someone on my flight who was moving from the Tampa area to Pheonix to invest bc of the Florida market being no good. She was pretty green w/ no experience and moving to get started with her family who moved their company to Arizona, so I didn't get a lot of info from her about the Fl market. It was kind of a bummer to hear that after being anxious to get into that market.

I'd hate to leave a thriving business to get into a market that will not currently support my goals.

Thank you in advance!

Here in Sacramento they are definitely purchasing up quite a bit of inventory. Large hedge funds and inexperienced investors are currently my largest competition. There are investors purchasing at the top of the market and hoping for prices to keep going up. Luckily I'm still going strong, gotta keep trucking.