All Forum Posts by: Brittaney Woods

I guess I'm in the same boat because my husband is usually the one in front of the TV. But you know what, I say the same exact thing about waking up early (because he always gets on me about not waking up early and he does).......It doesn't matter if you're waking up early or not watching TV you still have to use that time to be productive. You can't preach waking up early if all you're going to do is watch TV or get on the PS4 when you wake up early. With that being said, I don't watch much TV but I need to make sure I'm being productive with the extra time.

I like Jim Rohn's definition and I think it has become my own. He basically said true success is when you love what you do every day.

My ideal day would be me beaching on some random island that I own and I am checking in on my Real Estate business via texting one of my assistants. My kids are playing and my husband I are having fun watching them.  Meanwhile I am ordering things online...a Birkin, shoes, diamonds, etc :-D

I love him too. I found out about him when Sean Terry had him on one of his F2F podcast episodes.

Oh does the VA loan allow you to purchase 4plexes? I thought the max was a duplex. OOOO if that is the case I need to look into my VA loan. Do you know if both my husband and I can use our individual va loans on one property....wait would that even make sense?

 I was just asking if I am planning on flipping a house that I buy should I make repairs to it first? Since I'm wanting to buy below market value whatever I buy will most likely need some repairs done.

I'm assuming that if I'm selling to a retail buyer I should repair.

Another question, for some reason I have it in my mind that I'm selling to a cash buyer on my buyer's list....does it make sense to do this? If so, I probably don't need to repair the house because my buyers do not purchase buy and holds.

Depends on what you want/need:

If you want some quick cash now and can get the house for an actual discount wholesale it.....MOST buyers don't want to pay more than 70% of the ARV.

If you do decide that you want to buy it yourself, will you be able to cover mortgage if you can't get a tenant right away? Do you have money in reserve in case you need to do repairs? If you get a tenant right away but the AC goes out i one month can you afford to get it fixed right away? Can you pay the taxes? Keep it well maintained?

In your exact situation, if I were you I would wholesale...again...if it is discounted enough. If the house doesn't have a lot of equity or they won't sell it cheap enough I would ask for a lease option...put a tenant in there that can pay a decent down payment so you and the owner can profit. I'm not a lease option expert so I'd read some books on the topic before actually executing this plan.

I have some private money available and the "lenders" are requiring that I find a quick flip (or several) to raise some capital so that I can get into buy & holds.

I really don't know where to look.....I usually count on Craigslist but in Miami it seems that everything on there is already being flipped or "wholesold" and is above market value.

Should I market the same way I would as a wholesaler? Should I buy from wholesalers if the spread is large enough? Should I use a realtor? If I buy something to flip do I NEED to repair it first? Is it better that I repair it first?

I'm just feeling kind of lost because I'm so used to just wholesaling....any advice is greatly appreciated.

 Thanks Brian.....I'll check his site out now.

I see you are in Ft Lauderdale, I'm in Miami and I know a lender in WPB. Are you ready for funding now, have a property you're look at, etc? If so, I'll be happy to pass your info along.

 How much are billboards going for where you are? I looked into a couple here in Miami and they are about 10k/month.......can't wait until I can get some of those. I think I remember Sean saying he used billboards.