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All Forum Posts by: Daniel Baltazar

Daniel Baltazar has started 5 posts and replied 13 times.

Post: Flipping advice for a very small town

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4
Quote from @Brandon Becsi:

A few things to think about if you live very close to that small town 15-20 mins or less that would be a plus...if its a long drive and your doing a lot of the work then I would likely steer away. 

Also I would try to net net at least 25k+ conservatively on a flip in that price range and if you cant with 99% accuracy say that then probably a pass... I have rural small town flips and usually net around 40-55k ish that's where I want to be on. 


 thats great advice thanks for giving me more metrics to take into consideration.

Post: Flipping advice for a very small town

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4
Quote from @Account Closed:
Quote from @Daniel Baltazar:

that is excellent advice thank you


 I agree with Ko. Small towns can be tough. Flips can always go either way. Has nothing to do with the flip and 90% of it to do with having enough buyers interested. There just isnt enough traffic or incomes in some small towns to support flips of justify the risk. 

Thanks I appreciate everyone talking me through this. I was getting to excited and needed to be patient for the right deal.

Post: Flipping advice for a very small town

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4
Quote from @Account Closed:
Quote from @Daniel Baltazar:

that is excellent advice thank you


 I agree with Ko. Small towns can be tough. Flips can always go either way. Has nothing to do with the flip and 90% of it to do with having enough buyers interested. There just isnt enough traffic or incomes in some small towns to support flips of justify the risk. 


Post: Flipping advice for a very small town

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4

that is excellent advice thank you

Post: Flipping advice for a very small town

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4

I am new to flipping homes and would like the feedback of some more experienced investors. there is a house in a town of only 1,000 people. the house is going for 45k and the only two comps are from only one month ago they are for $115 and $165. with both properties they sat on the market for around 4 months with big price reductions for both. the average days on market for this town is 95 but I believe I can get the rehab done for around 30k to 35k. I will be doing the work myself. I have completed 3 brrrrs and have many years of construction knowledge. my main reservation is not having the end buyer when I'm finished with the project. if all of these numbers where true would you be comfortable flipping a house in a town with that small of a population. also, what research can I do to ensure there will be a buyer for my product.

Post: Advice for driving for dollars strategy

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4

@John 

@John Warren That makes sense thank you for the advice.

Post: Advice for driving for dollars strategy

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4

@Bryant Brislin Thank you for the direction I will join those groups now

Post: Advice for driving for dollars strategy

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4

I am a newer investor with 2 properties. The first two properties I purchased I saved up and bought them off the MSL as well as doing all the repairs myself. I would like to scale faster, and I've come to the conclusion the best way I can do that with the connections and resources I currently have is to find off market deals through driving for dollars. I know the area I want to buy, and I plan to use the Deal Machine app to skip trace the leads and for post card marketing as well as cold calling. Once I find someone who wants to sell, and we agree on a price how do I obtain the real estate purchase agreement and know that I'm doing it safely/legally. I think I can get one for free from Rocket Lawyer any thoughts on that. I plan to do the deals with a private money partner so once we are under contract what is the next step from there.


Thank you in advance any advice would be appreciated.  

Hello @Ryszard Toporowski

I am newer to the Bigger Pockets forums as well. I am Ottawa, just a few miles west of you. I have 2 properties now and I'm looking to grow my portfolio. I'm interested in meeting wholesalers and would love to connect with you about that or anything real estate. Feel free to reach out to me at any time.

Post: Aurora Investors looking to connect!!

Daniel BaltazarPosted
  • Investor
  • Lyons IL 60534
  • Posts 14
  • Votes 4

Hello Lonnie, I am a newer investor as well. I currently have 2 properties and looking to build more and connect with likeminded individuals. I live in Ottawa now, it's about an hour west but I grew up in Aurora. I would love to share anything I know and also learn from you. feel free to contact me at any time!