All Forum Posts by: Cale Ferguson

Thanks for the replies, I'll get other quotes and see if he will come down any.

So I just closed on my first flip and we will begin the work tomorrow. It's a 3/2 with 1350 sq. ft. I am hiring out almost all of the work and just got a quote for painting the whole interior, baseboards, trim, caulk, and windows for $1750 labor only. Does this price sound about right?

Very interesting discussion here. I, too have just taken the plunge and speaking to @Dev Horn comment about local number responses, I have had great results. I haven't tried the alternative but my phone rang off the hook with putting a local number on the card. I sent out 464 letters and have gotten at least 50 calls, stopped counting as I was not prepared for that level of response though I am sure to call every single number back and document leads. Keep us posted on your progress.

I too would love to hear some seasoned vets thoughts on this!

I agree w/ most of what is said above. I am a new investor as well and I will say that you do NOT NEED a "guru" to teach you what you need to know about this business. However, none of us will get very far without being dedicated to our education. There are a ton of great youtube channels out there that have taught me soooo much and I haven't even scratched the surface I'm sure. At some point though you just have to take the plunge and try something. The worst that happens is you learn something! I have been studying and learning, writing out business models, and daydreaming for about six weeks along with completing my real estate school at night, it has become an obsession. Then I finally decided to just dive in after putting a plan together. I pulled my absentee list from listsource and using click2mail got my letters out in a hurry. I then set up my google voicemail account and spent every extra hour I had looking at house after house after house while not at my full time job, or with my wife and son. Wow, I did not know busy until now! I bought my first flip yesterday at a foreclosure auction and my phone has been ringing off the hook. 30+ calls in two days from my letters. It is overwhelming but now I am in position to get rolling! Here is the formula that will work for everyone. 1. Be serious about education. 2. Dive in and work your butt off!! 4. Network (this site, local investors, etc.. that can encourage and advise) 5. Expect success! I would add though that while a "guru" is not necessary and in some cases can be detrimental to one's development and finances, there are many experts out there that have lots of free content and all you need to do is search it out. They have been a key component of me wrapping my head around this thing and getting a plan in order. I hope you are able to get started soon and feel some sense of direction. Best of luck!!

Welcome! I'm in the columbia area. Nice to have you here.