All Forum Posts by: Daniel Barba

I have a deal in Kerrville, TX. It's a large lot with a mobile home that's been sitting for over 45+ days, I've adjusted price, marketed in different platforms, I even listed in the MLS, but it has not moved. What's the best strategy to generate leads and get it sold?

I'm sure everyone that has tried to dispose a deal before has had investors challenge the ARV, with things like "your ARV is way off" or "I'm not sure where you are getting these comps from"

I understand most investors will automatically lowball ARV or use different comps than the ones I provide to justify a lower offer.

How do you handle this situation or what's the best way to comeback the pushback on the ARV?

Great question, Alex! 

When evaluating a property, the most important factors are its after-repair value (ARV), estimated repair costs, and what investors in your market are willing to pay. Looking at recent comparable sales in the area helps determine if a property has enough spread to be a good deal.

Once you find a property, making sure your contracts are solid is just as important as getting the right deal. Working with a wholesaler-friendly title company is key since not all of them understand assignment contracts or double closings. Your contract should include an inspection period to give you an exit strategy if needed, an assignment clause allowing you to wholesale the deal, and clear terms for earnest money. Verifying the title early is essential to avoid surprises like liens or disputes.

Hope this helps! Let me know if you have any specific questions.

For those who have flipped or renovated tenant-occupied multi-family properties, what’s the best approach to getting tenants to vacate? Have you had success with cash for keys, lease non-renewals, or other strategies?

Also, any legal or logistical challenges I should watch out for? I’d appreciate any advice or lessons learned!

Thanks!

Fix & Flip: Lessons Learned & Strategies That Work

Hey BP Community,

I focus on sourcing and selling distressed properties to flippers, and I’ve learned a few key lessons along the way:

1. Buy Right – Overpaying kills deals. I always analyze ARV, repair costs, and holding costs before presenting properties to investors.

2. Move Fast – Good deals don’t last. Investors who hesitate often miss out.

3. Contractors Matter – The wrong team can wreck a flip. How do you find and manage reliable contractors?

4. Have an Exit Plan – If a flip doesn’t sell, can it work as a rental? Always have backup options.

What’s your biggest lesson from flipping?

Hey Jack,

I've helped plenty of clients of mine buy 3/2's & 4/2's in the Northside of San Antonio. For only a $15k difference in price, I'd definitely go with the 4/2 option, especially given the additional $400 in rent that you'd receive. If your concern with the 4/2 is the tenant pool, then I wouldn't worry about that so much. San Antonio in general has a higher average family size than most cities, making it easier for you to find a family for your 4/2.

I'd love to chat some more & see if I have any inventory that matches the numbers you're looking for.