All Forum Posts by: Tim Macy

I'd second what @Rick Pozos said, get over there and experience it for yourself at different times of the day.

Let me know if you need a substitute rehab house to check out!

Welcome @Denise Mayen!

The fact that you're making offers puts you ahead of a lot of people.  Let me know if you get something under contract!

@Canon Dodds welcome to BP!  I would second @Ryan Dossey BP is a fantastic resource, but you will learn more on your first deal than you have in all your reading.

Best of luck!

@Nathan Williams you've got a good post going here!  @Seth Teel is right in that DOM really depends on the house, we're a very large market geographically and there are plenty of areas and individual properties that are a drag on DOM.  It's a very a hot market, if the product is good and priced right, it sells.  Fast.  The problem is, there are many bad rehabs that look ok in pictures but are crap in person and sit on the market.  A lot of people seeing the prices go up on beautiful renovations a couple blocks over, putting their fixer upper on the market for similar prices and hoping to cash out.

It is my opinion that this is not a good deal at all.  Its finished to retail standards for the area and not priced low enough for a buy and hold for the area that I can tell.  Definitely no room for a fix and flip, it looks like a fairly recent rehab.  What were you thinking you were going to do to this thing?

Great way to start a Friday!  I've been twice, Jason and Jason are great and there is a pretty good group that comes in.

I would make sure you keep in mind what people's motivations are.  A big mistake I see people make is they feel like wholesalers are on their team.  There are some good guys wholesaling in town, but at the end of the day, they are trying to sell you the house for the highest amount possible.  You can have good relationships with wholesalers, but every transaction is a negotiation.  

Good incentive structures are a good way to make things go better.  Having bonuses for contractors that get work done ahead of schedule, and bonuses when inspections come back without issues.  You can offer agents a full commission if they can sell your house in the first 30 days, and so on.  

If you're not on the ground yourself keeping an eye on things, incentivize others to work towards your success. @Sandra Juarez