All Forum Posts by: Anthony Simmons

Thanks for your input everyone!

Thanks for your reply @Brad Hammond. This is not the case right now, but what about a scenario where the incumbent agent was unable to find deals, i.e. because they have higher profile clients that get the best deals first, or because the agent him/herself is an investor too and acts on the best deals, or if the agent just isn't out hunting enough on your behalf to keep up with demand.

Would any of these circumstances change your view?

One clarification i forgot to make in the original post - I intend on buying upwards of 4 properties a year, so each agent would have opportunities to get paid for their efforts.

Good Afternoon BP Family,

I am a newer investor and have an ethics question for you all - is it good business practice to have more than one agent in each market I am investing in? Or is that bad business? I ask because I have a great agent at the moment, but i need more deals, and the first solution that came to mind for this problem is to expand my team of deal-finders. How does everyone feel about this?

Thanks!

Anthony

Thanks for everyone's input! I have began the hunt to find good deals in Winston - wish me luck :) 

Good afternoon BP!

I am a newer investor in the Raleigh/Durham area, and am looking for an investor-friendly lender to partner with.

I plan to purchase 2-5 properties next year, and hope to continue this trend through 2022 as well. I need to begin interviews by December, so reach out so the sooner than later if interested.

To my investing counterparts - who do you use, and why?

To any potential lenders - feel free to ping me if interested in taking on a new client.

Thanks,

Anthony Simmons

Good Afternoon BP!

How is the Winston-Salem market for investment nowadays? I am a from the area and live a 1.5 hours out in Raleigh today. One of my buddies (also an investor) said that he is finding some good deals in the area (SFH/Duplex) that produce good cash flow. In attempts to become more familiar with the area, I am reaching out to you all and would LOVE to hear your about your experiences (good AND bad).

Thanks in advance for your help!

Anthony

That is good to point out Greg, thank you for the input. 

Thank you for the thorough reply Andy, very thoughtful and helpful!

Hi All,

I am curious as to what type of business models experienced house flipping teams have used to set the foundation for their house flipping business with other co-owners.

Myself and two of my friends are interested in starting a house flipping operation together. Essentially, two of us would be the primary investors (at least in the beginning) while the third member would be the project manager/primary contractor for the remodels. We are still early in the process as we work through all the details. A topic we had today revolved around how to set up the business itself, specifically around the make up of the 3 parties involved. For starters, with two investors and one project manager, what is the best way to set up compensation? Does the project manager get hourly rates? What about money accounts - is it prudent to set up a joint business/personal banking account? etc. I would love to hear everyone's opinion on this broad topic; whats worked and what hasnt?

I am also open to any and all advice you experienced folks would love to share while we're on the topic!

Thanks in advance,

Anthony