All Forum Posts by: Christie Hewitt

Congratulations! I too am someone new to this business and hopefully leaving my full time job one day to pursue investing only.

Good luck on your duplex and many more!

Christie 

You have less competition in the $1.5m space, but isn’t that less buyers as well? The 300k-500k sfh is the sweet spot isn’t it? For new investors like myself, it appears you are recommending multi use, but what if we don’t want long term? Maybe I’m misreading and would be thrilled to hav le more guidance. - Frustrated newby  

Brought up by a father who owned his own construction business my entire life, I know the trade well. I've been in corporate by entire career. Now that I'm divorced I get to do what I want which is flipping houses and I'm trying to leave the corporate world and do this full-time. I've looked into tax foreclosure, mortgage foreclosure (sheriff sales) and buying properties that are listed on MLS to flip. It seems that someone else got to it before I did or it's overpriced, and I can't make a profit if I flip it. my goal of flipping 3-10 this year is dwindling and I don't know how to find the "off market" properties being a small fish in a big pond. Is there hope for anything with meat on the bones right now? Should I throw in the towel after one successful flip and stick to my day job?

Curious as to the hard money loan and if neighborhood of 5% above market rates? 13% hard money loan? How many days do you expect on market? I’m a new investor and haven’t done hard money yet, but looking in to it vs my all cash in.

Thank you!

Investment Info:

Single-family residence fix & flip investment in Marshall.

Purchase price: $82,000
Cash invested: $25,000
Sale price: $160,000

3 bdrm 1 bath, fenced yard, sold through realtor