All Forum Posts by: Ashley Wilson

This is very inspiring! Congratulations!

Congratulations! That sounds like a great first step. How do you treat ownership of the house? 

Hi Scott, I am a little unclear as to what you are doing. So are you renting the place now? If so, how much are you in, and how much are you renting it? I also would not suggest plugging more money in (as long as you are making a good return now), if the money could be better utilized at acquiring another property. To be honest, I think I need a few more details to best be able to guide you. But first and foremost, it is always good to ask and get advise from everyone. You will never know who's advise is right, it could be a member here, or it could even be your mom:) Just ask around and keep educating yourself. That is the first bit of advice I would give you!

Great post! I have a question for you regarding the materials you used in your flips. From your pictures, it looks like you used Granite and Stainless steel appliances. I am sure you used other higher end materials for other parts of the house that were not pictured. For me personally, I always struggle at what price point can you use cheaper materials. Of course I am sure this varies a bit by location and thus standards within a specific location; however, do you think you could have used less expensive materials and yielding a higher profit (ie sell at the same price)? Thank you again for a great post!

I was wondering if anyone know of any companies, besides Foremost, that insures flips? Thank you!

Thank you everyone for your posts! I will pm you all separately. Thank you again.

@Jason Arcuri Thank you for your response. Actually we have been working with a newer agent, and we also have automatic listings already set-up. We also have a very good budget to work with, can close immediately, we have a pretty large farm area to work with, and can do deals without requiring even an inspection as our partner is able to perform that task when we look at properties. However, I have been the one spending hours a day combing through the MLS listings, and trying to find the houses. I have read that a lot of houses sell before they even hit the market, and on several occasions we have been a few moments too late. I was hoping to connect with someone who has connections and specializes in investments, so we (myself and the agent) are looking together for the next deal.

We recently completed our first flip, and would like to either pick up at least another flip or even a rental. We are having a very difficult time finding a property and I am starting to consider if we need to start working with an agent who specializes with working with Flippers/Investors. I have read lots of articles on the benefits of working with someone who is specialized, however, now I am having a difficult time finding someone who specializes in this. Does anyone have any recommendations who specialize in the Philadelphia Suburbs? 

Welcome! If you are interested in purchasing in the Philadelphia area, definitely join the Facebook group, 'Jumpstart Germantown'. Not only do they provide free mentorship opportunities, but it is a very collaborative group that shares other opportunities as well.  Best of luck with your ventures!