All Forum Posts by: Maugno M.

@Jon Holdman

@Chris Masons
@John Underwood
@JD Martin
@Scott Rogers
@Kadeem Wells

Update. So the plumber i ended up going with ended up giving me a good deal. We were initially going to do risers up for $700. Saturday, he told me if i wanted to do all the hot water new to go get material and he'd charge me 900. I ended up going to get ALL the material, hot and cold(Red/Blue) and we ran it ALL brand new PEX. The main is coming in, is the only one i would have to do now. He ended up charging me 800. I busted my butt with him too though, all under the house and running the lines. I spent about 1100. I think its safe to say it was a good investment. Glad i did it all.

@John Underwood Ahhhh i see. Hadnt thought of that. Makes it extremely easier to run a new one thats right. Whole time i thought i'd have to redo the driveway.

@Mike Hill So you are telling the OP to produce fake proof of funds ? WTH. Did i read that correctly ? I mean if that'll work, it'll work but geeez that's hustlin harddd. idk.

@Chris Masons
@John Underwood
@JD Martin

Its a pier and beam home so we have pretty good access.The line from the street to the house though would be difficult because previous owner did a cement driveway right where the main line comes in the home. I think i would have to break all the cement and then fix. To much.

If i plan on renting and refinancing i guess it'll be ok to just do risers.

IF i end up flipping it though, i see where it would be more advantageous to just do the whole thing.

Thanks guys.

I am currently doing a rehab on a foreclosure. 1300 sqft SFR. The plumbing on this house is all old galvanized pipes. I got two quotes from plumbers which one is to replace the whole thing with PEX and doing drainage, and the other is to replace from the risers up with PEX. Of course to redo the whole thing costs a lot more than just doing the risers up.

If i plan on doing a refinance on this home(BRRRR) which one should i do ? Could i get away with just doing from the risers up with PEX? This house is outside city limits so no permits needed.

@Barbara Gardner You can't use deals of the mls. It just doesnt make sense. Why in the world would an agent sign it off to you, so that then you can go and sign it off to someone else? To many complexities.
Just buy a property first that way you learn the name of the game. How ?  with a mortgage. or with a personal loan. something cheap. But that you can flip. Learn the process.

Most wholesalers i know, find deals outside the MLS. Just regular homeowners that want to sell. Sell quick and for cash. You put that property under contract. lets say 10k. then you reassign it for 20k, bam. 10k profit. You'll pay capital gains but so what.
on the contract itself, it must have language where you can reassign it to someone else or walkout the deal if you dont find that end buyer. SIMPLE.
Get you a title company that will let you work with them on double closings. Let them know you are a wholesaler.

Working with people on the mls and realtors/listing agents just wont work out.

If wholesaling works for you, do you. Do it as ethically as possible and you should be fine.

You Should just let it go. Sounds like the seller has been trying to get out of it. I mean a cash offer is much more beneficial to him. A good lump sum instead of payments over 10 years. You did say he was an older gentleman so put yourself in his shoes. It sucks that a cash offer came around right when you were dealing with him. That's some luck but it happens i suppose. 

You'll find another deal. I'm sure. 

@Mariela De Leon If you are in City limits you cant have any mobile homes, period. it has to be outside city limits. Outside city limits it will be more of the county(Smith) you have to deal with. for the most part it is no limit but if you plan to have alot you would need a master design or an engineer draw out the plan for you for utilities, and septics, etc.

@Bill P I am not very sure it was almost 3k for a septic for 2 but as soon as you start adding more I'm sure I'll have to get some type of commercial system or a big aerobic one that will be able to handle multiple units.