All Forum Posts by: Tim Jones

Sean,

That's a great area...i grew up not too far away! Does RM still have the county contract?

The seller wanting an offer pre-inspection is cause for concern. He must be talking to a few different buyers & fishing for a price.

A $200k rehab budget seems rather high, even when accounting for local labor costs and assuming a 3/2 conversion. Can you see obvious items needing repair (like the roof) when driving by?

The last 2 questions to your post are difficult. A flipper needs to know what repairs are needed. A desired profit is somewhat a function of the risk taken. I imagine most people don't care too much about the wholesaler fee as long as the deal makes sense to them. What's normal in SJ might be outrageous in other markets. 

With your background in construction why not get a cash investor or hard money lender involved and take down the deal yourself?

Sorry if I can't offer definitive answers to your post...more info needed. 

Good luck! I hope you can get it under contract!!

TJ

@Araceli Gomez, @Anmmar Alsaggaf, @Richard Morales, @Eric Hamm,

Hey everyone, hope you found our meetup beneficial, I certainly did. I felt the size was just about right for some good networking and discussion. I would like to keep it up and grow the group some more. Feel free to invite people you know on the next one! Hopefully my friend Dawn (title) and Vince (lender) can make it to the next one. I would also like to bring others to the table, such as a hard money lender, other trades, etc. 

Feel free to give me a vote if this meetup was good for you (yes, a shameless plug)!

What do you guys think, monthly meetings? Every 2 or 3 months?

TJ

EMERGENCY LOCATION CHANGE Sorry everyone but we need to change location....I just found out that Jantz Bakery is closed on Sunday. Let's plan on meeting at IHOP on Olive Ave instead. IHOP @ 9:00AM 455 W. Olive Ave. Merced, Ca 95348

Hey everyone,

Looking forward to tomorrow's meeting!!!!

TJ

AJ,

We're at about 6-7 right now. Still waiting to hear from another non-BPer or two. See you Sunday!

I wish I could attend but I'm stuck with a work commitment.  Hope you all have a great time! I'll be on the lookout for the next one.

Cheers!

TJ

@Araceli Gomez

@Ned J.

@Kevin Ross

Hey guys, please hit the "attend event" button at the top to add yourself. Also, I invited a few other people that are not (yet) part of the BP family.

Thanks! 

TJ

@Kevin Ross

Jantz in Merced in the El Portal Center (@ G Street)

@Allison T.

@Nelina Guillen Jones

@Paige Hill

@Kevin Ross, @Michael Merritt