All Forum Posts by: Shawn Ward
Shawn Ward has started 27 posts and replied 580 times.
Post: Just Finished a $2.2Mill Georgian Colonial Flip in LA-Take a look

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Cody DeLong $6K ON THE LARGE GUEST BATHROOM UPSTAIRS AND $3K ON THE .5 BATH ON FIRST FLOOR.
All the best!
sjw
Post: Just Finished a $2.2Mill Georgian Colonial Flip in LA-Take a look

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Cody DeLong To be honest, I do not know how much the tile and tub costs specifically, but we spent $10k on the master bath all together. The budget was $7k, so we went over budget.
Post: How to check and leins before the auction

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Luckisha J. get in good with a few agents. They should have relationships with Title Companies that can search title for you. Some may do for nothing, but some may charge $100 or so for each search.
Good luck!
sjw
Post: Exclusive broker relationship: pros and cons

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Michael Trueba the only way I'd consider it is if they show and prove. Do not go exclusive until you know they can bring you deals and sell deals.
Try them out first...and use other agents until they can prove that they are worth the exclusivity.
Onward!
sjw
Post: Mentor and coaching

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Rosa Gomez Never head of him, but all you need is here at BP.
Just start asking the questions...and if you need a local mentor, ask for it. People will help.
If you are in LA, contact me.
Ciao!
sjw
Post: Stop working for the man and start working for yourself

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Tiffany Foy from an Ann Arbor guy to a Columbus lady, I suggest (been self employed since 2001):
1. Start your entrepreneurial en-devour on the side first (do not give up that w2 easily)
2. Once your side hustle equals to the amount you make at your 9-5 , then consider it
3. Determine how you will have your benefits taken care of (spouse, etc)
4. Then go for it.
In a nutshell, do not leave the 9-5 until your annual salary is replaced.
All the best!
sjw
Post: Do you put washer/dryer and refrigerators in your flips?

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Joshua Top we provide the hookups for the washer/dryer but do not provide those. However, we do provide the stove and fridge.
All the best!
sjw
Post: 1/2 bath to 3/4 bath unpermitted. Is it worth it to come clean?

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Account Closed you can go ahead and list as is. You can let the buyers know that the bathroom is not permitted. Many times, buyers do not care. And they'll take care of it if it is ever needed.
I'd proceed without opening that can of worms now and only address it if needed.
Thanks!
sjw
Post: Who do you use for insurance on a flip?

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Anna Smith we use: Bethany Insurance ; www.bethanyins.com
Post: How do you estimate ARV?

- Real Estate Investor & Consultant
- Los Angeles, CA
- Posts 620
- Votes 386
@Maxwell Milholland Your ARV should be determined by a realtor who knows the area who can tell you what a house will go for within 1 mile radius with he updates you have, similar beds, baths, sqft and lot sqft.
All the best!
sjw