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All Forum Posts by: Ethan Neumann

Ethan Neumann has started 15 posts and replied 77 times.

Post: GC vs Subcontracting When Flipping

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62

Hey everyone. 

I'm currently flipping about 2 properties a month. For those of you that are flipping 5+ per month or know someone who is, do you recommend starting to build out your own subs and manage the projects yourself to save money and eventually hire an in-house project manager or continue to use a GC so you can focus more time on finding deals and raising money. 

For context:

-I have pretty limited construction experience, although I'm learning more on each project. 

-I plan on scaling to 5 flip per month by the end of next year. 

-Currently get all my deals through MLS and wholesalers

-Some of my projects are heavy rehabs (adding bathrooms, removing load-bearing walls, etc), others are more cosmetic.

Post: Getting deals as a fix and flipper

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62
Quote from @Jason Shackleton:

With your success it looks like you can hire someone to handle direct to seller acquisitions for you in house. Let's say you scale to 4 deals a month with an average wholesale fee of $15k per deal. That's $720,000 in wholesale fees that you would be paying per year. There is room here to add an acquisition specialist, hire a marketing company and put a bunch of money in your pocket. Good Luck!


 There is def some room to add that, however, there is a lot of time, attention, and brain power spent on that as well. I would like to keep my operation as lean as possible on the marketing side and focus fully on deals, project management, rehab, etc. 

Post: Getting deals as a fix and flipper

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62
Quote from @Bob Stevens:
Quote from @Ethan Neumann:

I'm currently flipping about 1-2 properties per month. I'm looking to scale up things on my acquisition side. For those of you doing 3-5+ flips per month, where are you getting most of your deals? (not looking to go direct-to-seller). 

Most of my deal flow right now is coming from wholesalers. If that's where you're getting the majority of your deals, any tips and tricks for scaling this? 

 Are you flipping contracts to investors as a wholesaler?  I have about 500 yes 500 in my market but all to investors as rentals. 

 Not wholesaling anymore, have done about 75 wholesale deals but now focusing only on fix and flips. Getting most of my deals through wholesalers right now but a few on market as well. 

Post: Getting deals as a fix and flipper

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62

I'm currently flipping about 1-2 properties per month. I'm looking to scale up things on my acquisition side. For those of you doing 3-5+ flips per month, where are you getting most of your deals? (not looking to go direct-to-seller). 

Most of my deal flow right now is coming from wholesalers. If that's where you're getting the majority of your deals, any tips and tricks for scaling this? 

Post: Looking for wholesalers

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62

Hey everyone, I've been wholesaling for the past three years and starting to take on some more fix and flips. 

Looking to connect with wholesalers that are actively marketing in the Triangle so I can buy some more deals!

Post: Automating Operations of Real Estate Business

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62

I may be able to help out! My partner and I started off wholesaling and created a buttload of systems and processes for that business. We have since moved on to commercial real estate investing for long-term wealth generation and I'm a realtor here in Raleigh. We are pretty young so implementing systems and softwares is certainly one of our strengths. 

Post: Developing land in Raleigh

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62

Are you looking to bring deals to potential developers? I have some connections in the area. 

Post: Attorney for Creative financing in Raleigh-Durham (Subject to)

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62

@Connor Mather Let's connect man! I've wholesaled here in Raleigh/Durham in the past and now I'm a real estate agent and invest in commercial real estate syndications. 

Post: Attorney for Creative financing in Raleigh-Durham (Subject to)

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62

I've used Marcus Becton for wholesale and creative finance deals. He is the real deal and I know a lot of other people that have used him as well. 

Post: Case study for talking to investors

Ethan NeumannPosted
  • Real Estate Broker
  • Raleigh, NC
  • Posts 80
  • Votes 62

Where are you all getting case studies from when talking to investors? I have a real estate background but haven't done syndication yet. I have some calls lined up next week and would love to have a concrete presentation, not just a hypothetical deal. 

Thank you!