All Forum Posts by: Vonetta Booker

Some banks & sellers do sometimes put HMLs under the same category as cash offers--it's a case-by-case basis, in my experience.  What will put it in the category of a financed offer is typically if you have a financing contingency in your contract (i.e. if your financing falls through for whatever reason you can get out of the contract.)

 Yes, these are exactly the reasons I was thinking!  How many houses do you visit? (I was thinking the homes directly to the left and right, but perhaps a couple across the street as well.)  

I'll knock on the door & if they answer, chat them up quickly & hand them my card--if no one's home, I'll leave a friendly "hi" letter with my card attached.

Also I noticed a few times a random car or two parked in the flip house's driveway; I'm assuming it's the people next door, since the two driveways run parallel w/ no barrier.  It'll be a good way to nicely let them know that the house will now be occupied (at least w/ workers during the day) and the driveway needed--lest they be blocked in by a contractor, lol. 

I'm about to start a new rehab and was thinking of knocking on a couple of the neighbors' doors, introducing myself and offering them my card.

Has anyone ever done this at the start of their rehab? If so, how many doors did you knock on, and what was the reception?  

 It appears that she works on some houses for 6 months or more, with 4 or 5 episodes covering each one--she really takes her time, lol.  Always makes me wonder; with that length of time, wouldn't her carrying costs swallow any profits? 

 And then always at the end, his line: "Time to find another house to flip!" LOL

 I remember her on "Saved by the Bell." I've always been under the impression that she started out as an actress & then moved into real estate investing. I guess when the acting gigs dry up, it beats cutting baloney at the local supermarket deli!

 Here's my thing about Property Brothers (and some of the other shows, too) that gets me:  Why is it that they only ever show the before/after of just the living room & kitchen--but never the bedrooms and baths???

My boyfriend & I love picking these shows apart for reasons such as these, lol.  I agree with you; I think they already knew about these issues--and then withheld them from the audience until later for TV shock value (i.e. "OMG, look what we found!") Because, c'mon--like you said, how were those things not found during an initial inspection?  

I think it all comes down to assessing your strengths & weaknesses--and being honest about them.  Me?  I can hang a picture w/ a hammer & nail, & that's about it, lol--so yeah, I'm outsourcing all of it.  Someone who's a contractor by trade or otherwise knows what they're doing will of course probably do a lot better with some or all the work themselves. 

At the end of the day, you either spend the time or the money.  If you're competent enough to do it quickly and save money, great.  But if not, you might as well spend the money to get it done quicker--or you'll be wasting tons in carrying costs anyway while you stumble around trying to figure things out!