All Forum Posts by: Vonetta Booker

Thanks, everyone--these are some good ideas (i.e. wholesaling, getting creative, etc.)  Eventually I do plan on moving up to two or more rehabs at the same time, just building my capital slowly but surely!

For the "serial" rehabbers:  At what stage of a rehab do you start looking and planning for your next flip?  On one hand you want to keep the momentum going (especially since it can be sometimes hard to find a property)--but planning them too close together runs the risk of tying too much of one's money up, correct?  

So, when do you start scouting making offers for the next one?  Do you just wait until the previous one's sold, so that you don't run the risk of carrying multiple properties? 

@J Scott , I've heard of others also simply moving their staging furniture from house to house to avoid storage fees.  

But how do you time your flips (i.e. when to purchase/close on the next one while still finishing the last one?) so that you can just move furniture straight to the next? 

Just curious, @Latoya Cheeks --how do you introduce yourself when scouting on behalf of the company? If it's as "scout," perhaps you should try a different title--like "Acquisition Manager" or "Acquisition Associate," for example.  Perhaps run this by the company 7 see what they think.  After all, you are helping them acquire properties, so it's not inaccurate--it just sounds a little more "prestigious." It's all about the spin! ;-)

Just curious, @Latoya Cheeks --how do you introduce yourself when scouting on behalf of the company? If it's as "scout," perhaps you should try a different title--like "Acquisition Manager" or "Acquisition Associate," for example.  Perhaps run this by the company 7 see what they think.  After all, you are helping them acquire properties, so it's not inaccurate--it just sounds a little more "prestigious." It's all about the spin! ;-)

Looking forward to it!

 THIS!

I've always been a simple "get from point A to B" kind of chick. That being said, I still tool around in my 1993 Toyota Corolla, with about 184,000 on it.  Still runs great--Toyotas are durable as hell!  (It also holds emotional value, being that it was my mom's car before she succumbed to cancer 5 years ago.) 

I'd much rather drive it and spend money on things that matter (like REI)--than have some hefty car note just to impress others. Many of the folks who look flashy on the outside are often living paycheck to paycheck, sadly!

It's definitely possible to be a PT RE agent--as long as it fits with what your main goals are. It works for me because I don't do retail--I have my license primarily to buy/sell my own flips. It gives me access to the MLS to find, see & make offers on deals ASAP, and then I make/sell commission when buying/selling.

I think the ones who are pro-full time are usually the retail agents--which I can see, as they're working solely with retail buyers & sellers who need their services on a full-time basis.  It's just all about being aware of your own personal goals and what works for you.  Good luck! 

Consider finding a mortgage broker through your local REIA that works with a lot of investors. Instead of a traditional bank loan, perhaps you can get something via a commercial loan. The broker should be able to talk to you more about rates & things.