All Forum Posts by: Doug Fluckiger

I'm looking to buy and flip a property whose ARV looks improbably high, but the wholesaler says he could only find one comp which justifies his number. I'd like a second opinion. I don't know that a realtor would give me comps if I'm buying through a wholesaler, so are there any other options for finding comps?

The tools on Zillow and Redfin aren’t especially helpful since the house is off market, and they’re underestimating the number of bedrooms.

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Spokane, Washington

Thanks, Andrew. I'll give them a go.

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Kansas City, Kansas

Getting ready to buy a fix & flip in Kansas City, KS, hopefully the first of many. Can you recommend a title company and insurance agent for investment properties in this area?

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Kansas City, Kansas

Quote from @Jay Hinrichs:

Quote from @Account Closed:

Quote from @Eliott Elias:

Quote from @Account Closed:

Quote from @Doug Fluckiger:

My wife and I own a couple of STRs and would like to get into the fix & flip game, but we need to start small. We're looking for a house ≤ $100k with an ARV of ≥$160k, off-market, mostly cosmetic rehab, B or better neighborhood. Can be older, # of BRs & BAs doesn't matter to us. We've been looking in the Midwest but are open to anywhere. Do you have suggestions for markets for this kind of deal?

For a fix & flip you have to have available buyers or you get stuck with the property and you end up trying to rent it. Small poor towns are not a good choice. Don't get sucked into FOMO (Fear of missing out).

There are buyers for any property, as long as the price is right.

Your Comment: There are buyers for any property, as long as the price is right.

That's a "nonsense" answer.
I think he intends to make a profit.

this is my sandbox.. I do BRRR loans at these dollar amounts in 8 states for a living.
you can do this in these markets.

Augusta GA / SC area just closed one last week we were all in at 105k sold for 145k net they made close to 30k I made a little over 10k I am the money they are the work. really a dream for many BP members total OPM.

Birmingham AL

Jackson MS but be careful here dont get stuck on the south side or west side of town.

Pittsburgh PA and the areas just north Beaver county etc. done a bunch there in the last 3 years clients.

KC and some of the satellite cities.

Cleveland West side only

Toledo have done very well here as well.

There was a day we liked chicago but values have risen there and its a tough one for permits.

Baltimore takes a special team in Baltimore but we have done over a 100 of them there for one group and they are killing it.

So those are some areas I personally work in and see those numbers work.. Not necessiarily B but strong C. and some b..

Thanks @Jay Hinrichs, I'll reach out!

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Quote from @Kerry Noble Jr:

Definitely Central Indiana! I can definitely guide you here in my market

Will do!

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Quote from @Nicholas L.:

@Doug Fluckiger

are you going to be hands-on / visit / manage it yourself?

this is one of those posts where "can it be done," and "should the OP do it," are totally different questions.

and I think @Carlos Ptriawan nailed it. making 60K from 100K is a big risk and a big rehab.

Thanks, Nick, yes, that's the way we handled our Memphis properties. Totally hands-on, huge amount of work, but we did it ourselves. Unfortunately the funds right now don't allow us to buy a $400k investment at the moment …

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Quote from @William Powell:

This can be done. I recommend looking in the bible belt for properties with those numbers. I see them but they are more C class not B.

Thank you,@WIlliam Powell. Will do.

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Thanks, @Matt Stewart. Smaller markets is a good idea.

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All Forum Posts by: Doug Fluckiger

Doug Fluckiger has started 10 posts and replied 44 times.

Post: Second opinion on an ARV

Post: Interest Rates Finally Coming Down!?!?!?!?!?!

Post: Second opinion on an ARV

Post: Title & insurance agencies in KCKS

Post: Title & insurance agencies in KCKS

Post: Market suggestions for less-expensive flips

Post: Market suggestions for less-expensive flips

Post: Market suggestions for less-expensive flips

Post: Market suggestions for less-expensive flips

Post: Market suggestions for less-expensive flips