All Forum Posts by: Brad F.

Just moved to the area and looking at getting back into traditional real estate. The area appears to have already hit a peak.

How is it for flipping and wholesaling?

My fiancé and I left the ever increasing insane market prices in the portland area of oregon.

We took a huge risk selling to all to head out east!!😏

I can tell the market in Charleston and Summerville has been quite busy the past few years. Hopefully we didn’t miss the flipping bubble.

In the meantime while I get my local license applied for and accepted, We would love to meet like minded investors and realtors.

Do you guys have bIgger pocket meet ups? Rei meetings? I love those!

If you are out there we are looking forward to meeting you.

We moved to the southern part of the United States for a variety of reasons. One being affordable real estate. The market looks like it’s hit it’s peak in Charleston and Myrtle Beach area. I’d love to meet up with locals to chat about the market conditions

Hello!

We are planning to move to Texas from Portland OR. We are considering Austin or San Marcos Texas.

We are just inquiring about the health of the markets plus a basics of the health of the flipping And wholesaling market.

In addition to this, we are looking for any masterminds, or investor meetings that people enjoy to attend.

Thanks for any information you’re able to provide!

Did you ever get this started? My gf and I are looking to move to Texas, and San Marcos is on the list.  What is the flipping and wholesaling like there? 

In my humble opinion the market will adjust rapidly once the new cases have drastically declined or stopped. For example China had only 7 new cases where-as the united states just peaked at 9,999 with only 64 in the last few days. We are seeing a decline in new cases outside of Italy, Spain and the US right now.  It appears the US is finally taking the social distancing thing seriously. 

I feel that most lenders/investors are holding tight momentarily as well as the consumers. I feel the drop in stocks will rebound quickly, especially now the full approval of the $1.2 Trillion stimulus package to China sending people back to work, this "dip" will be a momentary drop, similar to a V or a U, in the recovery time. I mean Boeing dropped to like $105 a share, (wish I had $50k to invest on Monday) and jumped 24.5% in a day! Thank you BlueCHXP for the advice. Similarly BP, and Tech shares jumped 2-4%!  The only stock that didn't see an increase was Nasdaq seeing only a minuscule loss. 

Honestly, I don't think the residential real estate market will be hit that hard as a whole for any length of time.  I mean the 0% interest rate isn't going anywhere anytime soon, feds don't work that way.  We will still see buying, once the quarantine is lifted.  Realtors, ourselves included are doing Facetime/Facebook messenger group tours with buyers/sellers virtually walking through every half hour on the hour.  Perhaps something of the next normal for real estate. So properties are being shown. It's the fear that title will shut down and not be able to fund transactions that scares me.  

Wrapping up, the great thing is if you happen to be holding any sort of capital, get ready I think good times are ahead....  

Isn't it interesting how everyone thought Warren Buffet was losing his "touch" when he was hording all that cash, and selling off his portfolio. Wouldn't it be great to have $120 billion in cash right now.... 

Anyway, I am trying to stay positive, and continue to do business as usual as we can right now.  

We will get through these times together! Please stay safe and well :)

@Marta K.  I do apologize for the late response.  Did you end up going with the monthly program?  This is what we used.  I have also added Property Radar, and Hubspot for our tracking and list building systems.  There is also another company called Fidelity Farm, that we just purchased last week. We are checking that out now. 

@Creighton Bertrand  I have not been using Investor fuse for awhile now.  I've used brivity for my retail real estate business and had a great experience with it.  I guess it wasn't a good fit for my wholesale business though.  Ultimately, choosing the "right" crm software program is as unique as the people that choose them.  I have found that not one program can achieve all things.  That said, what has been working for us now: Hubspot, we use this to track calls, monitor data, and client connections. A great software program in todays market.  However the platform isn't built for analysis of properties.  We use ReiPro for this, along with Property Radar.  So, that said, I am not sure what's been going on with that company right now.  

Investment Info:

Single-family residence fix & flip investment in Albany.

Purchase price: $135,000
Cash invested: $34,000
Sale price: $239,000

Great rehab! Again being new to the market posed some challenges hiring the right contractors. We went over budget by $10k having to switch contractors mid-project. I highly advise to hire slowly when it comes to contractors.

Investment Info:

Mobile home fix & flip investment.

Purchase price: $30,000
Cash invested: $138,000
Sale price: $199,000

This was my first manufactured home rehab. All the numbers checked out, and picking up a lot in Marion County for $30k was a great buy. We ended up with 10, 40-yard dumpsters to clean up the meth nest ensued around the previous single wide. From there the City of Jefferson is a very small city, that ended up firing the only planner they had mid-project. This caused great delay and mistakes regarding approvals. The city didn't even know where their water lines were. These added costs to my contractor made this deal very tight. Then the government shutdown happened which shut down the USDA loan funding. Closes March 6th!