All Forum Posts by: Brandon Hunsaker

Hey BP friends, 

Newbie question here. I've been having trouble using the BP calculators because I dont know how to plug in accurate or even best guess figures for all the different costs/expenses to account for. Even though the calculators already offer tips, I still feel lost when I'm trying to do an analysis. I know I scream rookie, but I'd rather ask for help than sit here and not be analyzing deals more. Thanks for any tips and advice! 

I appreciate the feedback and suggestions guys! Very very helpful. 

Okay, thats helpful. Thanks! 

Hi there, 

In regards to J Scott's recommendation to go to Home Depot at 6am to find a good GC, I'm curious who's done this and what approach you made? And how did you identify who's a contractor? I'm totally willing to try this; I just want to have a good approach/introduction ready. 

Awesome advice, thank you! 

Thanks for the response, I really appreciate all the advice. And I like that you went in with the plan that you'd make mistakes and included room for that in your analysis. My biggest worry is definitely being able to get out of it if it doesnt sell.

Hey all,

I'm wondering whether or not I should pursue a flip. 

A little background on my current situation. I just purchased my first property a month ago, which is a SFH with an accessory apartment. I'm living in the accessory part (2 bed 1 bath), while renting out the upper (3 bed 2 bath). I'll also be renting out the second bedroom with me as soon as I get new paint and carpet in there. It will cover my mortgage and then some, allowing me to live very cheap. I work full time as an RN right now, and have a rotating schedule that would allow me the time to manage a project.

I know I couldnt get financed on my own for a flip, but I just spoke with a friend of who has money and is willing to fund a deal if I manage the entire project. I just started J Scott's highly recommended book about flipping houses and have been learning as much as I can about it through the podcast and forums here. I dont think anything will ever fully prepare me for the challenges of flipping, except jumping in and getting experience. 

For the first flip I want to find something that is very cosmetic, or at least doesnt require too extensive work to help give me experience. 

Is it a deal breaker that I just got into a house and wont be able to refinance it if I'm unable to sell? Do you think its just too early to jump into a flip? 

I would appreciate any advice or tips about things such as: exit strategies, financial advice, finding GC's, etc. Thanks for your help!