All Forum Posts by: Alexey Krol

Believe me, I keep it in my mind)))

Hey, guys!

Could i ask you to take short time for my shortest survey:

https://www.surveymonkey.com/r/8PKYY2V

Please, re-post this link. Thanks in advance.

Thank you so much. 

I agree 70% rule is kind of simplification, but finally i see the main difference between flipping and building is that while flipping goes you earn money on buying with cheapest repairing, but while new development/deep rehab goes you earn money getting adding value for highest market price comparing of rounded properties in this location. 

For example, theoretically I can buy old house for 70% of market and I can have at least two scenarios:

1. To make a small fixing to sale 95-97% below the market - and finally to get from 3-5% of net profit

2. To make new house  and sale 200-300% above the market. Naturally it depends on kind of actual project from just better house to luxury unique house if this is acceptable for this location. And I can hope to get 30 - 200% of net profit

My opinion that new building of expensive unique property is more profitable than simple flipping. And to do this, good location is more critical factor than price of buying?

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 sale it 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 question is:

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?

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.

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.