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All Forum Posts by: Jimmy Hong

Jimmy Hong has started 24 posts and replied 342 times.

Post: Excited new investor in Colorado!

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

Welcome @Jeff to biggerpockets, I'm sure you are going to find tons of info to help you get started. 

Post: My next rehab in Orange County

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

Thank you @Mehran K. .

Post: My next rehab in Orange County

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

Thanks @Mike S. , we did not install new HVAC or new windows.

Here is the latest update @Mehran K. , we received multiple offers after our first open house weekend at end of February. We accepted at $630k and closed yesterday. Property is officially sold.

Thanks to everyone at BP, I keep learning a lot from this forum.

Post: auction sales

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

Well said @Brian Burke , when I was starting out, I was at the courthouse steps in Southern Cali every morning for 6 months. My biggest worry was title, so verified title on certain amount of properties I was interested in. At the end I did not end up buying at the courthouse steps because auction prices was not significantly lower than retail.

Post: Starting my first flip on Monday

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

@Liam Goble , thanks for sharing the latest update and sorry you are having trouble with the contractor. Its easy to second guess yourself after the fact but you already fired him and have a plan to move forward. You are in better situation than most first flippers because of your contractor experience.

Post: My next rehab in Orange County

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

Hi @Brian Wall , MLS.

Post: Starting my first flip on Monday

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

Thanks for sharing @Liam Goble , good luck on your 1st flip and keep us updated if you can.

Post: Rehab Underway!!!

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

Nice @Jonathan Harris , looks promising. Let us know how well you end up doing.

Post: Appliances

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

We buy new stainless steel but lower end line. In Orange County, sellers don't supply refrigerator or washer/dryer. Just oven/stove-top, microwave, and dishwasher. As for brand, most of lower end stainless steel are similar. I go with whatever is on sale.

Post: Fix and Flip business plan

Jimmy HongPosted
  • Flipper
  • Irvine, CA
  • Posts 349
  • Votes 45

I also got it last year and been using it. Thanks @J Scott .