All Forum Posts by: Andy M.

@Christine Lovett That is awesome! I really appreciate it! my new "vlog" is definitely a labor of love and the pay I get is view feedback. Thanks for sharing it. :)

@Rick Baggenstoss Yes, we always planned on finishing the basement, but the upstairs space was a welcome surprise. Matt (my partner in the video) and I have been friends for a long time. I'm a better wholesaler than him, but he is definitely a more talented flipper than me. He has an eye for details and colors that I just don't have. On most projects (starter homes) it isn't as important, but I didn't want to tackle this project on my own. We actually split the deal 50/50, we both put up half of the purchase money and half of the repair money. I brought the deal and he handled the renovation with my input.

@Brian Ortins I don't make a scrapbook of all flips, but I did put that one together as a gift to my buddy Matt that did the remodel with me. It just had such good before and after pictures so It made for a great story. Thanks for the comment!

@Jeff S. The BP conference was great, I keep waiting for the next one (hint hint @Joshua Dorkin ) But seriously I made a few GREAT friends there. Ryan Webber and I really hit it off, it was like we were brothers. We had monthly phone calls and I was pretty shook up when he died. I also linked up with Aaron Mazrillo, he and I are really good buddies now as well.

@Larry Turowski Hey! Walks are good, at least you are on base with an opportunity to score! Seriously though, I've done A LOT of flips and wholesales over the last 12 years, but that was the highest net profit.

@Anthony Gayden HGTV eh? I guess that would be cool... but I would have to make up a bunch of dramatic events that didn't happen. :) I am recording another story right now about a house that I bought at trustees sale, and my basement of that house is currently leaking. Ugh, there is some real drama. Stay tuned for that one in the coming months. 

Thanks @Jeff S. I remember meeting you in Denver at the BP summit a couple years ago. Hope your still doing well!

@Joe Demonte Actually the value has GONE UP since I sold it. I bet that is a 550k ish house today. But hey, I was happy to get it sold and the money in the bank.

@Brandon Luke Lol. Thanks. That's what I was thinking when it came time to list it and we were pulling comps. Boom! :)

Thanks @Jonathan Makovsky @Timothy Riley !

@Pedro Plencher & @Mary B.  I noticed that you guys are wholesalers, I'm actually primarily a wholesaler. I have a video about an awesome wholesale deal I did to. I think it was titled the "Geno" story. In that video I actually have audio from the negotiation I had with the seller! :)

@Mark Ferguson You're right.. it's just a little scary right? Because you have to follow through. :) I've recently experienced that in my own little way with the video blog I started this year. I start recording a project and I have to tell the story for better or worse. I have one rehab project that I have put "part 1" and "part 2" our already (on video) and "part 3 is coming in a few weeks, and I'm going to LOSE MONEY! It's hard to admit your losses, but it keeps things genuine. Thanks again for the comment. :)

@James Enright Thanks! It was really fun putting that together. I read to my kids every night so I thought it would be a cool memory and way to record the story. But they probably liked the ABC book just as well.

@Curt Davis Lol, that would have been funny... but I wouldn't have had the extra $445.01. :) Good catch on the timing of the project. It took A LONG time. The city was partly to blame.. but we just couldn't help ourselves either, we kept making it better and better. You know how it is on projects.

@Mark Ferguson I read your success story with the car and it inspired me to post my success story. I haven't ever been very active on BP but I might start posting a few more things. Props on the car!

Thanks @George P. ! They were a little bored. My favorite comment is when my daughter says, "did you lose all of your money?" :)

I've been a real estate investor for about 12 years now and I've been involved in a lot of flips. I don't do upper end houses, mostly just starter home stuff. I know that there are people who frequently make 100k + on flip projects, but those are generally deals that sell for 1 Million plus.

I sent a direct mail piece to one of the owners of this house (absentee owner) and after months of her "vetting" me (see called all of my references, including my attorney!) I bought the house for $113,000. I spent $150,000 on the remodel and sold it for $482,000! After all commissions, closing costs, etc. I had a NET profit of $187,861. This is my highest net profit on a single flip ever.

I made a really cool 5 minute video of the project for my blog. You can check out the video here: http://youtu.be/XoIEY0IrOuQ

Hopefully you find the story more interesting than my kids did! :)