All Forum Posts by: Cole Minnis

Thanks for the reply, I realize there could be that opportunity to flip. For me those margins are a little to close and would rather someone else take that risk. Since I’ve been marketing I would love to learn to wholesale so I can do both wholesaling and flipping when I find properties too good to let go. Was mostly wondering how I should handle the tenant situation when wholesaling. 

Came across a property in San Lorenzo California. This house is a 3/1 1000sqft comps are 850k. Any juice in the squeeze? I’ve never wholesaled before and the seller is super cool and even mentioned I should try to wholesale it. Curious what any experienced wholesaler would do in this situation. I could use this as a learning experience or is there another way to skin this cat. Seller wants 700k. Interested to hear back from you guys. Thanks!

Hello Paul! I have been messing with launchcontrol and it really has been great. There is a bit of a learning curve if youve never done sms marketing before but its not hard to figure out. I havent tried any other services but i have done a bit of research and feel i have made the best decision. If you have any questions feel free to respond 

I have been reaching out to South Bay luxury neighborhoods. I have a guy interested in selling “in 6 months”. He is looking to buy a home in Santa Cruz in meantime. Figure I will just follow up until he’s actually ready to sell but out of curiosity….is it ever a good idea to offer a creative solution? If I could get this house at a great price and offer the seller a rent back option until finding his new property. 

This house is a tear down and property will be developed. Takes time to plan and get things in order before breaking ground anyways. 

Super nice neighborhood and great opportunity if price is right. Just got my mind going, let me know what your thoughts are.

Thanks

 Thank you for the advice Matthew, really appreciate your time. I’ll look into the valuable information you provided. 

I have an off market opportunity for a home at 1.3m that could sell between 1.5 and 1.6m. The house does not need any work done. Basically parking my money in this house until I can sell it. 

Reason for the 6 month period is the owner has mother and father in law living at the house and would like 4-6 month rent back.

figure I’ll give them 2 months free and then $150 per day after that point. Hope they don’t go the full 6 months or even further.

from what I’ve been hearing is conventional loan will be difficult to get. Hard money loan will be expensive. There is a conforming loan option but i would need to come up with 330k. 

Any ideas or suggestions?

Hello, I’m new to this community. I am from the Bay Area, living in San Jose. I have quit my job and jumped right into other avenues of income. September of last year I came across an amazing opportunity to flip a house in Fremont. I bought the house and am about 3/4’s done with rehab. The market here in the bay is absolutely insane. I’m in a rush to get this thing listed. 

With the end of this project in sight I’ve been looking to find another opportunity. With the inventory so low and the fact that I’m not well known yet or having years of experience, I assume traditional avenues of finding deals would be difficult at this time. 

This brings me to my question and hopefully you guys have some input or alternative solutions. 

Is it a good idea or is it a popular idea to buy a home at market value and make big changes to the home to increase the overall appraisal value? Like buying not necessarily a fixer (because everyone and their brother is looking for fixers) but a decent home that could be transformed to increase appraisal. 

Think of increasing square footage, adding ADU, maybe a pool or indoor/outdoor living. I'm constantly thinking about opportunities and maybe this is already a topic but I haven't been able to find much on this subject with my searches.