All Forum Posts by: Justin S.

If plan A does not work, I make sure I'm first position backup. I get a lot of properties that way. Some investors will go in aggressive and then try to renegotiate afterwards. I don't do that, so I get the call when the first investor backs out. You have to be persistent with it, at least 3-5 offers every day.

@Stephanie Dupuis I buy mostly flips and sell to retail buyers, so I don't go after cash flow. If I can come in at list price or above I usually do.

Brian

I buy mostly off the MLS. To stream line I've done the following:

1. Electronic Signatures

2. Hire a driver to view properties for you and send you photos.

3. Give up commissions.

4. Hard Earnest

5. Try to be the first offer

6. Build a relationship with the agent.

7. My initial offer is usually pretty aggressive on price.

Hi Matt

Welcome to BP. I'm an investor in AZ and MI. Let me know if have any questions. Good luck!

Serge S.

Where is it at? I can let you know if I have a rehab crew that will go there.

Thanks

If you want to work that much and be rewarded, then go into Sales. Real Estate Sales, Pharmaceutical Sales, etc. You won't get the steady salary and benefits that a corporate job provides though.

Unless you are working on your passion, you'll burnout pretty quick working 90hrs/week.

Your question is very very vague. Assuming you an active flipper and you turn your money over 4 times per year, I would say about 350K. But it completely depends on your markets. Investors in my market run on pretty slim margins, not sure if that is the same in your market.

From what I read, its another class to get you to purchase the $40K class.

Make sure you let the appraiser know that too! If you have several offers at or above list, it should appraise okay.

Steve, I regularly flip in under 90 days and I have not had any problems selling with large spreads. You will need to put together comps and remodel costs for the appraiser. (Search J Scott's thread on this, it works!) FHA requires 2 appraisal if under 90 days seasoning. Good luck.