All Forum Posts by: Zachery Buffin

Inglewood Flip with low days on market. This home needs simple cosmetic updates and some minor repairs to shine again. Multiple houses on our street have sold for 300+ and the house across the street sold for 425k with 2 bedrooms and 0 days on market.

Inglewood Flip with low days on market. This home needs simple cosmetic updates and some minor repairs to shine again. Multiple houses on our street have sold for 300+ and the house across the street sold for 425k with 2 bedrooms and 0 days on market.

Discounted flip project in the prestigious Boxcroft subdivision. There has not been an available property in Boxcroft since 2015 and rehab grade prices here are hard to come by. This home needs a cosmetic overhaul, but at comparable homes selling at $255+ a sqft there is plenty of room to do whatever. This house has great curb appeal and a ton of potential. Don't wait another 2 years. Call me today 615-571-4372

Discounted flip or rental opportunity in one of the hottest areas of Nashville. There are new builds going up on every street. This house has a ton of character and potential after an investor's handy work. The comps provided sold in an average of 3 days on market! The attic has been finished out, but with a little duct work could be included as square footage, drastically increasing value.

-To hit top value in this neighborhood, rehab will include a little bit of everything from the roof to the floors. Even at $50 a sqft in work you are only at $55,000, which leaves room to do even more.

Lot Zoned R6

If they are not a citizen of the United States of America, one of the most probably reasons, if this is the case they should have an immigration number or passport with a Visa to live/work here. The other, less likely, reason is that they don't believe they need one and so never applied for one. How they have made it this far in life without it is a mystery but they also could just mean that they don't know it.

@Max Biggar

Hmm, well without diving into every asset you have on hand and getting a little too personal for a stranger you met on the internet I would say that the obvious routes are blocked so now lets look at the less obvious ones. Full disclaimer I think you should drop it, this wreaks a bit of emotional connection, if you don't have the money right now then cool your jets and wait for the next deal. If that is out of the question lets dive in.

You cannot assign the contract, meaning you have to close with your money, so how do we do that? Well the first though that comes to mind is to talk to an accountant and see what you can do to lessen the penalties for withdraw. HELOC from your own house is risky but may be doable if you have the equity there. Look to leverage assets that you have, obviously don't go too crazy but if you can make it work and profit then find something you can borrow against.

If you really just cannot lose this deal have you ever been to a local real estate investor meet up? Money men abound in places like that, get on Facebook and look at the REIN pages start connecting. The money is out there and if you offer the same terms to them you did your sister they will likely even front the full 70k for repair to pull the better ARV.

I am really stretching here so let me know if anything is helping you out at all and if so we can explore that a bit more. If not then I think I might really have to dig deep into my bag o tricks to pull something out.

Just a thought but could you live in one of the properties and do the proper kind of flip over a longer time period? If so, a lower down payment loan may be available to you. 

@Allan Smith I will tell you what I have found in the Nashville market is rough. One is that "wholesalers" out here are a rather shady and varied lot. Some wholesalers are on the up and up but the real truth is that they (we, as I do it to) are outnumbered by guys who are, at best skirting legality and at worst are outright committing crimes. 

The sad thing is that they aren't punished or held accountable at all for their actions. It makes it hard for the legitimate wholesalers to do good business out here. I can't tell you how many times I have had to defend myself and my company in REI meetings. I am licensed in the state, work with a brokerage, and always have the rights to market and sell my properties. Sadly that is just not always the case out here and it gives us all a black eye.

The value wholesalers provide is often in collaboration, I know contractors (good ones), agents, money men, and the process. I can save my clients money in a lot of places by having them use my resources, which are discounted because of the volume I move. I will run through the math with them if they want, estimate repairs with experienced eyes, explain the market trends, and really so much more. 

Value isn't just in the transaction it is in the relationships. People trust you because you prove to them you are trustworthy, your business grows because your clients make money on the deals you bring and come back, everything you do matters. I think you understand this because you are asking questions, if you are worried about it then move on and find another avenue. At the end of the day you have to sleep at night, if you can't then change whatever is hurting you. Good luck! 

This is a crazy find! This flip opportunity in the growing area of West Nashville has a secret surprise! The house could be flipped for maybe 50k-60k of work for a resale price in the 350's or higher for a good profit on its own but the real beauty of the deal is that this lot is actually L shaped and unused as of this moment. This space is perfectly suited to a brand new HPR build (in fact the neighborhood is being converted slowly as it is, there are two right next door!) which at the price to build of $110/sqft at 1850/sqft you are looking at a 203.5k investment that returns 400k+ upon resale. Guys even if this property didn't have the bonus land it would be a good deal, with the land it is absolutely a huge money making opportunity!!! Call me before its gone!! 615-571-4372

Exactly my point though, you shifted into doing something completely different. You were in the oil business and had used the properties you owned originally to "make ends meet" when you needed to. Now on the other hand you have prioritized growth and actually focused on investments. Nothing really changed internally except the goals you had and the level of commitment, you understood value and saw that in the feast times there was a better way to provide for yourself in the lean times.