All Forum Posts by: Tyler Kinkade

@Andrew Hodgson thanks for the advice I happened to be over by the courthouse the other day and stopped to observe pretty informal affair. Without researching didn’t have any idea what was actually going on but good to see it in person. I did do a lot of research on the past County back tax auction and bid on some properties mainly raw land with clean title report. Things went for about 25% to 50% more then I expected. Thinking letter campaign may be only way to find a decent deal with so much competition right now.

@Alex Varner

I have been a contractor for 12 years and require 50% deposit to get on our calendar. I never push the customer for the deposit, I discourage them from making the deposit until they are absolutely certain and ready to schedule. Most of the deposits we collect are via credit card which there is some safety there for the consumer. We require it to not avoid not being paid by our customer as much as avoid last minute cancellations and reschedules. In our experience House flippers are shopping around for the best deal and last minute cancellations can leave us with employees with nothing to do.

Our company actually avoids working with newbie house flippers and many other contractors do the same. So I would advise not telling your contractor you are planning on flipping the house. Because what the contractor hears is looking for lowest bid, tight time lines, borrowed money. If you are flipping for the long haul find a reputable contractor pay promptly especially when you do find a good contractor.

I currently have an offer of 6.125% 30 year fixed for $130,000. On a rental property I own worth $290,000 that I own free and clear. Looking to get some of my capital out but still maintain good cash flow.

New to BP So after 12 years of saving and building my business I finally have the time and some cash to do more REI, currently I have 3 SFRs. I would like to either flip or flip and hold but no surprise in this market hard to find. What about auctions? Looking for crash course on the money side of the auctions. Any good threads on here?