All Forum Posts by: Christopher Munoz

Getting GCs or subs to a project once under contract is of course the best way to get accurate bids. But how about when we are running the numbers for potential deals before we make an offer?

I have no idea how much anything costs...from flooring, septic installation, drywall, etc. Prices online are all over the place. Especially these days when prices are much more expensive. I'm trying to get a somewhat close ballpark estimate but don't really know where to look or what strategies to use. I do know exactly what needs to be done though. Any advice is appreciated. Thank you.

Yes was definitely thinking of this! What do you think of going for a flip, but having BRRRR as a backup strategy? Numbers ran beforehand. So as you said, at the very least I am breaking even with rents if I can't sell the property if the market turns

Yes, I do agree, but I was asking about how to protect risk when doing flips. I don’t anticipate a crash (like 2008) but more so a slowdown/pullback 

Hello everyone, what are some good tips to follow when fixing and flipping during the uncertain times coming up and reduce my risk? Almost every indicator is pointing towards a slowdown / pullback. My biggest fear as a new investor is getting stuck with a house that cannot be sold for a profit and going into large debt. Here are the fundamentals I will be following below. I know people made money flipping even during the 2008-2010 times. Thanks!

- Get better deals. Be more strict with minimum profit margins (30% minimum)

- Be on top of the project. Get rehab completed as fast as possible (while not sacrificing quality of course)

- Make sure the market has a fast DOM and is growing 

- Invest in good areas with low crime

- Have multiple exit strategies. Turn into rental, airbnb, or even live there as a last resort

Hey Kevin, I would definitely like to connect. Just got approval for financing and I am actively looking for distressed properties (on and off market) in north NJ. Trying to get something started ASAP. Thanks!

Thanks for the welcome Ned. Haha, I can understand why some people don't like it. But for a young guy like myself I figured it's a great way to get into the RE industry and learn how to value property (and get paid for it). Of course the goal is to become a full time investor/developer!

Hello everyone! Excited to be here. I'm residential staff appraiser for a large bank looking to get into fix and flips in the North NJ area. I've been reading books from BP for years and I finally feel ready to start. I would say I'm decent at determining ARV since that is what I pretty much do all day. I have access to Garden State MLS and Bright MLS. As of now just looking to network with like minded real estate developers/investors.

If anyone needs help determining ARV for their deal in NJ (pulling comps, making adjustments), I would be happy to do it for free. Just let me know. Thanks!

- Chris