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All Forum Posts by: Esprit Smith

Esprit Smith has started 1 posts and replied 3 times.

Post: Anyone have experience with converting fix & flip to buy & hold

Esprit SmithPosted
  • Investor
  • Los Angeles, CA
  • Posts 4
  • Votes 4

Would love to hear from those that have converted from fix & flip (HML funding) to buy & hold. I listed my house 3 weeks ago. Days on Market are increasing (avg. was 11 days, with houses no sitting 30-60 days) with price cuts ($30k-$60k) being taken on all houses in the same subdivision. I would love to learn more on how others may have approached a similar situation. Thank you!

Post: I'm look to flip long distance!

Esprit SmithPosted
  • Investor
  • Los Angeles, CA
  • Posts 4
  • Votes 4

@Mashika Johnson I just started this year.

Post: I'm look to flip long distance!

Esprit SmithPosted
  • Investor
  • Los Angeles, CA
  • Posts 4
  • Votes 4

Good morning Mashika, I am based in CA and am flipping in TX, because it is less capital intensive. 

I believe it is possible. The largest challenges to me were investing in a market I don’t know, but I think that is where building out your team is of the utmost importance, particularly a contractor you trust and a strong real estate agent.