All Forum Posts by: Bill Florence

Experienced investor looking to link up with experienced contractors/sub/trades or referrals. 

 I have used public homeowner lists from the county. In my locale it will show both mailing and physical address. Best.

Consider marketing to non-resident owners. Maybe you will pick up a property from an investor who is thinking about cashing out of buy 'n holds or maybe just wants to wholesale something off.

I have walked away from a few but got close. Most notable issues were the neighborhoods and the poor rehab quality.  A lot of gotchas so do a lot of due diligence on everyone involved in the flip and property management.

Glad to hear some flippers in this area can still find deals to flip ! Great to hear and if dirty carpet from showings is your biggest problem - relax be happy ;)

I fill out my own contracts and a very investor friendly (and patient) agent reviews and sends them over. It is a cookie cutter approach. Only a few lines of each contract need to be changed for each property so it really does not take a lot of time. 

Albeit hard to find, I think you can get  decent cash flow.

However, beware not all turnkey providers are working in your best interest. 

So do a lot of due diligence on the company, their rehab contractors, the current tenants, and the neighborhood. Also check local municipal rental requirements/codes.

Remember you are buying a flip that you did not rehab, with a tenant you didn't choose, in a neighborhood you don't know.

Normal. It is a very 'low barrier to entry' biz so a lot of posers and scamsters. Be patient and do a lot of due dili' or avoid that segment of the market and create your own deals.

Looking to link up with investor friendly pros in the St Louis, MO greater area

In my opinion, monthly rents should total a minimum 1% of purchase price and preferably more. Also I never listen to "rents should/could be more" , I base calculations only on current rents or in quickly rising rental markets previous years rent rates