Not new here but Im BACK

[Jameson Sullivan]

Hey guys, I got off the site for a while but am back now and more ready than ever to continue my journey. Since Ive left I bought and lived in my first rehab project (something Ill never do again!!!) The project is actually still going so I really don't have numbers on it yet but lets say any profit will be solely in the knowledge ive learned through just DOING. The house I bought had issues all the way from the foundation up. Didn't have to replace any of the major systems luckily but man did it feel like it was never going to end! Anyways, Im back on the site and will be posting hopefully 3 to 5 times a week to try to get out there more and get myself closer my goal of retiring at 30, which is 5 years away. 

Please don't hesitate to PM me or colleague request me especially if youre in the Tacoma, Seattle or Olympia area in the state of Washington. Feels good to be back and Hope to talk soon.

Best Regards,

Jameson Sullivan

[Thomas Franklin]

@Jameson Sullivan If you ever consider flipping again, I propose the following action plan. The first step would find an Investor Friendly Realtor assuming you do not have access, to the MLS. I would suggest that you interview several Realtors and ask them the following questions, to ascertain if they are truly Investor Friendly, or if they are throwing you a sales pitch.

1. How many investors do you currently work with and how many investors have you worked with, in the past?

2. How many transactions have you closed, with investors?

3. Do you currently own any Investment Properties? If so, what type do you own?

4. Are you a member of any REIAs?

The next step would be to work with the Realtor and determine the hot markets, in your County, with the greatest number of sales over the last 90 to 120 days. Personally, I would prefer 90 days because markets are always changing. This list would contain the zip code and corresponding name of the municipality. In addition, a breakdown of the number of SFRs, Townhouses, and Condos, with corresponding ADOM (Average Days On Market), and Median Sales Price, for each municipality. This will be your Farming Area. From this data, you can utilize a website bestplaces.net that will give you a breakdown of the percentage of homes that sold, in various price ranges, for a given zip code. You can identify the two highest retail price ranges, in greatest demand, per zip code where you can list the rehabbed property.

You can use the Realtor to help you find deals and also use Wholesalers. If you acquire a property, from a Wholesaler, once the property is rehabbed and ready for the Retail Market, allow the Realtor that provided you the zip codes, to list the property for sale. This creates a WIN-WIN Situation and gives the Realtor incentive, to work harder on your behalf.