All Forum Posts by: Bryce Henson

@Lynn McGeein I never even considered that, but it makes sense! Okay, that gives me additional things to think about, and it makes more sense as to why it hasn't sold yet. It's really one of those quintessential properties that needs a lot of work, but has a lot of potential to be worth a lot more once it's completed. 

I appreciate your input! 

Thank you both for your responses! @Huy N., that is some solid advice. Transparency sounds like a good policy. I appreciate your perspective!

@Steven Goldman You are definitely right about that. People from resort towns always feel like their home is worth a lot more than it is. All that to say, if we end up making an offer I will let you guys know how it goes! Thank you again. 

Hey there, I'm in the process of analyzing a fix-and-flip home in my area. I live in a resort town, with a lot of second homes, so the market price for an average home is already pretty high. The home needs pretty major renovations, but in my opinion would be worth it *if* the seller is willing to come down significantly on their asking price. The other thing to consider is the original owner has died, leaving the estate to his sister and nephew to sell. Also worth noting that he took out a reverse mortgage on the home before he passed away.

Based on these circumstances, and also just in general, I'm wondering how investor-friendly agents out there approach sellers that have a home that is too overpriced for a fix-and-flip situation? Not asking for any super secret strategies, just generally what your approach might be? Thank you in advance!

Hey there, I'm in the process of analyzing a fix-and-flip home in my area. I live in a resort town, with a lot of second homes, so the market price for an average home is already pretty high. The home needs pretty major renovations, but in my opinion would be worth it *if* the seller is willing to come down significantly on their asking price. The other thing to consider is the original owner has died, leaving the estate to his sister and nephew to sell. Also worth noting that he took out a reverse mortgage on the home before he passed away. 

Based on these circumstances, and also just in general, I'm wondering how investor-friendly agents out there approach sellers that have a home that is too overpriced for a fix-and-flip situation? Not asking for any super secret strategies, just generally what your approach might be? Thank you in advance! 

@Craig Parsons I know Lewiston well! I grew up in a very small town near there. Would be awesome to link up and chat. Feel free to DM me! 

@David Avery Thank you for the message! With my background as an electrical contractor, flipping seems like a natural choice, however, I'm also interested in BRRRR as I'd like to hold some properties and rent them out. Have you held any of the properties that you've flipped?

@Casey Nelson One deal is better than no deal! Congrats on taking the leap!

Hey, anyone out there sign up for the multifamily BP bootcamp in May? Would love to connect with anyone who has joined or might be considering joining. One of the instructors, Leka Devatha, is a great resource and I'm excited to be taking a course from her!  

Hi, my name is Bryce and my family and I recently moved back to our home state of Idaho from the greater Seattle, Wa area. I'm seeking out other real estate investment-minded folks in Idaho. My family and I live in central Idaho, so neither Boise nor Moscow/Lewiston are that far from us. If you are are currently residing in Idaho and/or have experience in owning investment properties in Idaho, feel free to connect! I look forward to meeting you. 

@Steve Vaughan

Thanks Steve! The boot camp was pretty insightful, definitely a lot of information to absorb. They pretty much cover all the bases of what you should be thinking about as an investor- new and experienced. Ashley Kehr and Tyler Madden were the instructors. Worth checking out!