Hi Everyone!
BP fan for years now and FINALLY paid for premium today because I have my first investment deal in front of me. I am a licensed realtor in New Mexico, have worked as a transaction coordinator for a top agent for a year (closed 70+ transactions for him PLUS 9 of my own). PLUS I was a licensed landscape architect for years in TX. Needless to say I am ready... and then some.
I toured the perfect first flip recently - made a verbal offer of $210k and the seller said she'd take it if its still on market in 10 days. That gives me 10 days to feel 100% ready...... which I don't.
I have a hard money lender T-'d up. I have made my own calculator and my numbers are showing me a profit of 33-37k plus my commission on grabbing it off the MLS so net profit over $40k. I have a GC who has done work on our own house and I really trust him, plus an array of other trustworthy contractors from my real estate team.
BUT I still feel like I need some reassurance from a seasoned flipper. Is anyone able to review my numbers? I am planning to walk the property this week and put together a detailed scope of work for my contractor to quote me on as well.
Anyone who has some spare time this week let me know! Would love to strike up a partnership - and as you can see, I can offer some skills in return!
-Andy
