All Forum Posts by: Mike Schorah

@Nicholas Schwarte

The Art Of The Deal

Rich Dad, Poor Dad

The Book On Investing In Real Estate With No (and Low) Money Down

The Book On Flipping Houses

The Book On Estimating Rehab Costs

Real Estate Investing Gone Bad

Flip

The Book On Tax Strategies For The Savvy Real Estate Investor

The Flipping Blueprint

Dictionary Of Real Estate Terms

Raising Private Capital

The Book On Negotiating Real Estate

Flip Your Future

Fix And Flip Your Way To Financial Freedom

@Howard Sellars Hey Howard! Where do you network? I ask because I was going to go to a real estate networking Meetup in Coatesville on Tuesday. I drove all the way up there (I live 50 mins away from Coatesville) to find out that the event was supposedly cancelled (although it's still on their calendar). The Marriott that they seem to usually have them at was shut down due to COVID.

@Andi Sjamsu Strictly in Sussex County? New Castle County is my next neighborhood over. Ever consider doing fix and flips?

@James Gibbons Where in Maryland? I'm also from Maryland and considering Maryland for fix and flips.

The Art Of The Deal

Rich Dad, Poor Dad

The Book On Investing In Real Estate With No (and Low) Money Down

The Book On Flipping Houses

The Book On Estimating Rehab Costs

Real Estate Investing Gone Bad

Flip

The Book On Tax Strategies For The Savvy Real Estate Investor

The Flipping Blueprint

Dictionary Of Real Estate Terms

Raising Private Capital

The Book On Negotiating Real Estate

Flip Your Future

Fix And Flip Your Way To Financial Freedom

What does this mean for flipping houses? I'm looking to get into getting off market deals for investors.

 It’s within an hour radius of my house. Now this is only for J Scott and Brandon Turner’s 100 deal analysis and I’m only using Zillow and Redfin. When I go into one of my next learning phases which is Driving For Dollars, then I would imagine that I’d analyze no where close to South Jersey!

@John-Michael Pauze

I'm sure you have chosen by now, but my choice would have been the first for 3 reasons:

1. You stated that you want to implement the BRRRR method for single and multifamily homes in your area. You'd be getting industry experience with choice number 1 (residential). I've worked for 4 different companies in the last 8 years. All of them were in different industries. I've seen people come to these companies from other industries and I've seen people come to these companies from the same industry. There is nothing like industry experience. I've worked in both residential and commercial construction. There is a big difference there. You'd hit the ground running if you were already working in residential construction. The job doesn't matter as much because you'd see how residential project managers or the general contractor would manage the projects and get a good sense of what is going on and how they're doing it. In the companies that I've worked for, changing jobs in the same industry is nowhere near as difficult as changing industries with the same job title.

2. J Scott said it in his book that to be successful at rehabbing, you have to be a crackerjack estimator. How else can you get estimating experience, but to be an estimator? What's more important? The numbers being on point or the contractors taking an extra week? 

3. The estimating experience at the small residential renovation company won't come around often. There's a glut of commercial construction management jobs out there and there's a glut of construction project management jobs out there. Estimating jobs and residential construction management jobs are difficult to come by. Why not start out as a residential renovation estimator, work there for a year or two, then go work as a commercial project manager for a year or two? That way, you'd get both experiences. 

Have you guys ever thought about flipping?

I live in Elkton, MD and Delaware is my next neighborhood over. Is anyone here meeting up at this time?