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Updated almost 5 years ago on . Most recent reply

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25
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Vincent Morales
45
Votes |
25
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Investment Updates Covid

Vincent Morales
Posted

Hello BP family. Let me introduce myself. I am a young visionary entrepreneur flipping homes in the Tucson AZ market. Beginning of the year started strong, sold three of my flipped properties for a great profit. Finishing two others. Of course to reinvest most of my earnings back into investments, late February, purchased three additional properties and in escrow to buy two additional.. March then came, and I put one of the newly updated properties on the market. The other was is April. (Timing sucked, these homes are priced to sell in my market). No showings for two weeks, still currently on the market but just accepted an offer one particular property Yay! And showings are picking up on the other. I also forgot to mention I could not move forward on the other two because my lending resources froze lending temporarily. Things are definitely moving forward in the right direction. Wanted to ask how Covid affected anyone else's goals and business projections this year? 

Vincent Morales

Most Popular Reply

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21
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5
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Bethany Virago
  • New to Real Estate
  • Tucson, AZ
5
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21
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Bethany Virago
  • New to Real Estate
  • Tucson, AZ
Replied

Hey @Vincent Morales I am glad that you were able to sell one and the viewing are picking up on the other. Covid has actually made the process of making my very first deal difficult because of lending. I have thought about exploring seller financing because of it. I wish you luck!

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