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Updated over 9 years ago on . Most recent reply

User Stats

7
Posts
2
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Alexey Krol
  • Santa Cruz, CA
2
Votes |
7
Posts

New member from Russia (now from California)

Alexey Krol
  • Santa Cruz, CA
Posted

I am 53 years old and i came to US only two years ago from Russia. I'd like to know more about flipping market because I have a couple hypotheses how to earn money. I am professional business developer, entrepreneur and movie producer. I have good expertise in different fields and I'd like to try something new. You can know more here: https://www.linkedin.com/in/alexkrol

I want to build global multi billions company and 

I seek a couple experienced people who could be listen about my crazy project. My English is not so good therefore i prefer to chat. I can speak via skype if people speak not too fast.

Thanks. I hope to know a lot of new and get new connections.

Most Popular Reply

User Stats

7
Posts
2
Votes
Alexey Krol
  • Santa Cruz, CA
2
Votes |
7
Posts
Alexey Krol
  • Santa Cruz, CA
Replied

Hi, there. I am researching flipping market and i can divide it on 3 segments:

1. rehab - when someone gets ugly or under condition house, puts a small money to get condition shortly and market one as soon as possible - a small profit, high dependence on purchase price. in this case we earn on buying.

2. improvement  - getting old or cheap house, puts more money to get more expensive house which we can sale for high price and get more profit. in this case we earn on buying and improvement to get highest price among around houses in that location

3. re-building or building new one - when we destroy old and build new house. in this case we earn more profit when get something absolutely new with highest price. Obviously, it takes more money and time since purchasing to sale, but i guess it may be more profitable.

My questions are:

1. I read the main rule on rehab market is 70% rule, but i assume on improvement and re-building segment there are another rules, because we can get price above average market price. 

Can someone give a couple comments about this?

2. I see flipping market is very fragmentary and location based. Do anyone knows about biggest national level company? I mean is there such company.

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