All Forum Posts by: Samer Abbas

@Aj Lee I will definitely check up everyday after work.

@August Olgren I will probably do the same where I will order stuff online for them to pick it up. Where do you put the lock box? I did not understand that part.

@Aj Lee thanks for the suggestion!

I just don’t want to be taken advantage of, where they would just keep buying the material and keeping it for themselves since I won’t be there to keep an eye on them.

Hi, I am planning to buy my first house to Brrrr. i work from 7-4. I will hire a contractor to rehab the property but my concern is how would I be able to make sure that the contractor is doing his job while I’m at work?

I have heard stories on how workers steal stuff or don’t even show up and you have to be there to make sure its done right.

Am I being paranoid or is there any truth to it? How can I make it work?

I would really appreciate your suggestions.

Thanks

@Martin Vehlow

I would love to house hack if I could, but with my current family situation I won’t be able to house hack.

@Derek Diamond

Thanks for the advice Derek! I will start working on it!

@Derek Diamond

Hi Derek, thank you for your response!

I do have some family members who will be able to help me out in case it doesn’t go according to my plan.

I am definitely considering partnering with my realtor buddy.

Would I be able to get a house for flip on FHA or conventional loan? Or should I consider private loan?

I have been listening to Bigger pockets podcast and have been thinking of getting into buying my first house for a flip. I have a stable job and currently living in an apartment. I have 750+ credit score and $5k in savings. 

After doing some market research I have been thinking of getting a house in range of $120k for a flip. On my current salary I can afford rent + mortgage payment. I have a friend who flips houses and is also a realtor, where he can help me in finding good deals and I can hire his contracting team to do all the work.

I don't have cash required for a flip, so I was thinking maybe I can get a credit card with 0% interest for 12-15 months. I am more than sure that I can get a new credit card with $14-20k credit limit, since I already have couple within that limit.

Is this a good idea to start like this? I know it's a risk, but gotta start somewhere right?

I would really appreciate your suggestions.

Thank you