Another Flip Rehab Mentoring and Site visit Opportunity...

[Vijaianand Thirunageswaram]

Howdy folks,

I know many of you expressed interest last time on  getting exposure to the real deal. We have 2 flip projects going on right now. I am opening up this opportunity for one of our project for few investors to come and visit to get first hand experience about the Flip project. 

Place: Stafford, TX

Date & Time: Saturday 3/3/2018  3:30 - 4:30 PM

Limited to 10 participants only. 

First come first, you need to ping me with your email to send the waiver form and address information.  We need the waiver form signed and sent back to reserve the spot.  Only serious participants please. 

[PJ Singh]

It was another excellent FLIP site visit. Thanks to @Vijaianand Thirunageswaram  for arranging this and share his wisdom. Here are the few highlights:

1. FLIP House need extensive repair ( new roof, floor, foundation issues, exterior pool removal, concrete driveway, appliances etc ( roughly 40k-50k rehab). The house was in middle of rehab when we visited.
2. Uncover unknown issues (foundation issues): During purchase from wholesaler, it was disclosed that house has foundation issues and previous owner has repair it with life time warranty. However, during rehab process, after pulling carpet, it was realized  that foundation was not done correct. This has led to unexpected increased in rehab cost. Lesson learn: If time allows before purchase, get the foundation checked and keep unexpected cost budget in rehab.
3. Learned about cost structure for different part of rehab ( roof, foundation repir, pool repair or removal etc).
4. Focused on layout of house, what to replace vs repair etc.

Overall great exposure. Can't wait to see final product.