All Forum Posts by: Dielita McKnight

 @Dielita McKnight If you intend to fix/flip as your exit strategy I would look into wholesale deals or try and get off market deal. You'll find a way better ROI with a wholesale if you can find one that doesn't require a ton of rehab

@Dielita McKnight,

There are so many wonderful ppl here in RVA.  Like earlier responses, join and attend as many networking groups as you can.  Here is something that is a can't miss:

https://elitedealmakers.com/

Start slow and don't be quick to jump.  Flipping houses take time and finesse.  Remember, you make your profit when you buy not when you sell.  You MUST buy it right for the numbers to work.  I have seen too many ppl get themselves into a mess by not having a definitive "buy box" and not staying within those parameters.

The best of luck to you.

Cheers!

Hi Ms. McKnight, the only way to calculate ARV is to look at the comparable's in the area that will be similar to the subject property after repairs. I am not aware of any tools to help with this but if you find one make sure this is the method the tool uses and confirm with a realtor. Good luck!

I found a very interesting deal which I have posted in another thread. I believe you can find it through my username if you want to read about it, but if anyone has a Real Estate Lawyer/attorney in Texas they know/use I would highly appreciate it.

I live in Dallas so if he/she are from Dallas awesome. If not no worries.

Thank You BP!

I came from Tech (selling very large computers to very large companies). Yes, there is much to learn. If you have a lot of time, you can spend it on BP and youtube and get pretty much everything you need, if you can sort out the static and avoid the program "loops".

Obviously, if you are “looping” (in a glitch), how do you know you are “looping”, because when you’re caught in a loop, you can’t tell. Eventually it's time to recompile and try to make up for the lost time. You don't know what you don't know.

If you want to cut a year, maybe two off of the process, you put a coach in place and learn things procedurally and profitably.