All Forum Posts by: CW Johnson

Looking at the housing shortage for those families in need, and looking at the housing voucher program I am looking for a property manager that is comfortable with the housing voucher system.   

@Mindy Jensen thanks for the suggestion I will do that. 

@Charlie MacPherson I knew the numbers going in but with the shift in the market, and the flip taking longer that expected, i want to ensure i don't "leave anything on the table'" per se. looking at the ones around it they sold for higher ppsf even though they are smaller sq footage than the one that is going on the market. 

thanks for the reply 

I have completed my fix and flip, I want to ensure I don't set the price to high or low, looking at the research the ppsf is between 125 and 145 according to sites like zillow, redfin, movoto, etc. How much do you rely on the agent/broker and how much on your own research?  

Is there a correct way to present yourself and you request to a "new" hard money lender? 

@Jaysen Medhurst

Great insight, this is my second flip, the first was a learning experience  

@Nailah Diaz

IMHO

Questions:

Should I have a Home Inspection done before going to Sherriff Sale? is there a cost and if so are you able to loose that in you don't get the property 

How much should I pay for the property MAX? there are many different calculators on biggerpockets  that should help you ascertain the max offer amount  

What risks do I run other than looking for an Underground Storage Tank? not my area of expertise 

Research is showing Contractors estimating $250 psf for a GUT/Renovation... Seems VERY HIGH? is that the normal cost for that area? 

What is a Realistic COST/ PSF for a GUT Renovation? that would depend on the area of the country of the flip. 

Any recommendations on VERY GOOD CONTRACTORS in the NJ area for GUT/Renovation? no

I am looking at starting a joint venture with a contractor on a fix and flip, not yet under contract. My question is do you open a new joint venture for each fix and flip?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $40,000
Cash invested: $10

Single Family rental

How did you find this deal and how did you negotiate it?

Bought via auction

How did you finance this deal?

conventional

I have multiple investments and am currently getting a flip on the market and assessing another fix and flip and a multi-family