All Forum Posts by: David Nelson

That looks amazing!!!  But i have to know... what are the dollars on this project???

This is all really helpful,  I was able it get the interest of an old friend in a partnership.  He is a GC, that should come in handy.  I wasn't able to talk to the investor, but I've been chatting people up looking for other inestors, I also found www.lendinghome.Com. so if I can come up with 10% I should be able to use them for a loan...  has anyone used them before?  I know they only service like 6 states right now.  Anyone ever partnered up with a GC before?

I am  house hacker too, have 2 roommates.  I haven't run into that problem yet, but I would say, if you know he's going to do it again...get him out of your house, you don't need the kind of trouble that can bring around...seriously.  

Do you have him on a month to month lease?

Thanks everyone, for the advise.  It has been very helpful.  I should know by the end of next week if I've got an investor.   I will certainly keep you all posted.  

That is solid advise.  Thank you Ned!

Hey everyone, I am a newbie in the house flipping game. I have studied, read books and listen to countless pod casts on flipping house. I am just about finished with "The Book on Flipping Houses" by J. Scott and Brando Turner from bigger pockets. I am knowledgeable about my real estate market in Traverse City, Michigan, I have a cousin that is a real estate agent, so i have access to the MLS, I have done research about what townships sell the most houses, at what prices, and the similarities about the houses sold. I feel I am ready for my first deal, I have been scouting, I went and viewed one, put together a cost analysis using the bigger pockets house flipping calculator, material, labor, holding and fixed costs and from that there was around $24,000 profit left after considering the loan at 10%. Well, i didn't have an investor ready and the house sold to someone else. Another great opportunity arose and was sold a few days later. At this point I need an investor ready to go, but what do i say to her to convince her I know what I am doing, considering that I don't have a deal right at this moment and that I have not flipped a house in the past. Please help guys, I am meeting her in a day or two. Thanks!!!