All Forum Posts by: Terri-Leigh H.
Terri-Leigh H. has started 14 posts and replied 116 times.
Post: Is it better to own or flip?
- Interior Decorator
- Denver
- Posts 119
- Votes 47
We diversify! STR, BRRR, Flip.
Depends on your wants and needs. Our holds in the ends have definitely been the most profitable of our portfolio, but flips are an awesome cash injection!
Post: What’s the minimum profit you’ll take on a flip these days?
- Interior Decorator
- Denver
- Posts 119
- Votes 47
We look at deals where the spread is $50k-70k, but love when we come out $100k! Honestly, it comes down to the reward vs the effort and what we are in it for.
As we have progressed in our journey, the less hands on work we need to do which means we may be happier with slightly smaller margins.
Post: How Are You Funding Your Flips?
- Interior Decorator
- Denver
- Posts 119
- Votes 47
Contact Chief Denny:)
Post: Best neighborhoods for flipping - Tampa
- Interior Decorator
- Denver
- Posts 119
- Votes 47
FANTASTIC reply. Thank you kindly. We have had good luck doing 15-20% profit on ARV in other markets.
So if purchasing at the full $500,000.00 we'd be looking for a $700k sale price.
Post: Best neighborhoods for flipping - Tampa
- Interior Decorator
- Denver
- Posts 119
- Votes 47
Looking for feedback on great areas to flip in Tampa/ St Petes and surrounding.
If you are a realtor, weigh in, we are not represented there as of yet.
4 bed 2 bath or the possibility of that
1750+ sqft
$500,000.00 or less. Cash.
Thank you!
Post: Tips For Launching First Airbnb Property & How to Get Property Into LLC
- Interior Decorator
- Denver
- Posts 119
- Votes 47
Awesome Charlie, that first one is so exciting. I think you'll get a lot of great advice here! If you need any feedback on design/furnishing, especially something that screams GAMEDAY! and commands top dollar, reach out.
- TL
Post: SWFL Monthly Flip Tour, Cape Coral, Apr 24th @ 6pm
- Interior Decorator
- Denver
- Posts 119
- Votes 47
Quote from @Jeff Cody:
Quote from @Terri-Leigh H.:
I am! I have a few properties of my own in Cape Coral. Would love some heads up when there is one!
Great! Ok, I'll check in when we know we have a property to tour. Normally, it's the 4th Wednesday of the month, so I'll let you know as it gets closer.
Awesome Jeff, thank you. I'd love any heads up on RE related events/happenings.
Post: SWFL Monthly Flip Tour, Cape Coral, Apr 24th @ 6pm
- Interior Decorator
- Denver
- Posts 119
- Votes 47
I am! I have a few properties of my own in Cape Coral. Would love some heads up when there is one!
Post: SHORT TERM RENTAL DESIGN AND INSTALL - Feedback wanted!
- Interior Decorator
- Denver
- Posts 119
- Votes 47
Quote from @Todd Goedeke:
@Terri-Leigh H.can you breakdown what your costs are to furnish each bed and additional furniture, furnishings cost are for a 5 bed property. 35k seems high compared to what we have encountered.
Sure! We are furnishing with contract grade quality and amenity heavy (game room/hot tub/murals/new paint/lighting and ALL basics needed to host a 5* stay so all bedding, kitchen items, bathroom items, linen and bedding as well as the labor for trades. Our stays are aimed at being above the market in order to capture it.
Post: SHORT TERM RENTAL DESIGN AND INSTALL - Feedback wanted!
- Interior Decorator
- Denver
- Posts 119
- Votes 47
Quote from @Calvin Baughman:
These are amazing pics! We just have a bbq fire pit and a jacuzzi. The wife and I considered doing a game room but were afraid it'd attract the wrong niche. Curious to see others experience and if certain amenities attract a certain (party) crowd?
We do game rooms in almost all properties without issue! Usually teens/adults just enjoying!