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All Forum Posts by: Greg Rollins

Greg Rollins has started 5 posts and replied 27 times.

Post: 64 Unit in Little Rock! $215k EQUITY!! $19.5k/month CASH FLOW!!

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

6320 Butler Rd, Little Rock AR

$1.1M Asking Price

Estimated $1.6M in reno. needed

$461k GOI, $277k NOI

9.5% CAP, $2.9M ARV

$215k EQUITY!! $19.5k/month CASH FLOW!!

Leg Work already done (recent local estimates for reno., rents and comps available)

Please contact myself or Matt Looney for details!!!

Post: Can I do the work myself?

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

BP, 

I am getting ready to head home from deployment and I am going to move into my house that I bought while I was gone. The plan is to live in it, flip it, try to house hack it with Air BnB then sell it with a hopeful profit months to a couple years down the road. 

I would like to do most/all of the work on the house myself to cut down on costs as well as use it as a huge learning experience for my way forward towards managing contractors in my future flipping business. 

The question I have is: Does the work I do need to be certified in any way? Can I do it myself without having a contractors license? Do I simply need an inspector to come out and verify the work was done to code?My biggest concern is that I would go in, do a bunch of the work and have to rip it out or have it re-done because I didn't cross all my "T"s and dot all my "I"s for the legal part of the renovation.

Thanks for the help!

Greg

Post: Rental Property Investment in San Antonio

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

@Alex J. Can you PM me the details of your property? Thanks!!

Greg

Post: Bridgewwell Capitol...Good or Bad?

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

Hello BP, 

I have recently been alerted to Bridgewell Capitol as a lending source and wanted to see if anyone has used them in the past and what experiences you've had; good or bad.

If not, what are some of the best sources of cheap capitol you guys have found? Thanks for the help!

Greg

Post: Newbie from Little Rock,AR

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

@Courtney Michael, Welcome to BP! You are off to a great start. I am also in a similar boat as @Andrew Johnson and @Janet Voss, except I am not from the area. I am just getting started as well while they are experienced investors. 

I am currently in the process of building my team out there in Little Rock and I'm off to a great start. I was lucky enough to meet @Matt Looney and he has helped me a ton to get the ball rolling for me in Little Rock. We have actually already done a couple deals together. He would be a great person to connect with! I look forward to meeting him (and you, if your interested) in the fall when I return from deployment and fly out to kick off my business. 

Best of luck, let me know if you have any questions as I am probably trying to figure them out as well. I may be able to point you in the right direction or let you know how I am tackling it. 

Best wishes, 

Greg

Post: Wholesalers, why take a finders fee and not partner?

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

@Ryan Phillips

The marketing campaign practically writes itself!! Awesome!! haha

I love what @Doug W. said. I love the idea of mutual incentives for both parties to succeed and do their best. It will keep everyone motivated, make them work harder on the deal and in the end everyone profits more from the hard work they did. Symbiotic relationships for the win. 

-PIP

You can find brokers via loopnet. I would recommend clicking through there. If you click on a property, then go to the right side of the page, you will get a list of brokers. Click on those brokers and browse. It will show each broker with all of their listings. What I have been told is the more listings they have, the better the agent. All theoretical from my perspective as I have just heard and read that, never practiced. Hope that helps.

Best of luck, 

Greg

Post: Best Strategy to Use for My First Deal?

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

@Harrison Hodson,

First off, welcome to BP and congratulations on getting started as early as you are. I wish I had started at your age. Very awesome!

If I were you, I would spend some more time reading as much as I can. That is awesome that you finished Brandon's book, but what other books are you reading? There are plenty of books that have plenty of different views that will give you plenty of options for how you will structure and attack your real estate investing ventures. Brandon is not the ONLY investor that has succeeded and his views are not the ONLY ones that work. 

I would also spend time learning your area, and talk to local investors about what they've seen and what works for them, (what you're doing right now, which again, so awesome that you're doing so young) but take the time to do your due diligence and research before you jump in head first. While the framework of what Brandon talks about are general plans that DO work, the DO NOT work in ALL markets. 

I get it man, I honestly do, but I would highly suggest you try and temper that desire and attitude into a solid game plan with solid goals backed by knowledge, numbers and if you can, experience (working with another investor on your first couple deals to get your feet wet). 

Having said all that, I want to commend you again for attacking this straight on and the desire to be aggressive. I honestly wish you the best of luck as you move forward and I would trade places with you in a heartbeat if I could. If you need anything, I'd be more than happy to help you out with anything I can North County as I am just starting out in that area as well (having read and studied everything I could for over a year). 

Best, 

Greg

Post: Rent: $1,200 Price: $79,900 - Duplex - Memphis - Turnkey

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

@Mark Hart, you are planning on selling this for 79,900 after all of those repairs have been made? What is the expected date of completion? Do you do deals like this often? Are you a flipper in Memphis? Where are you getting your expected rents from? 

Thanks for the info!

Greg

Post: Visit a Million Dollar Kensington Flip!

Greg RollinsPosted
  • Investor
  • Oceanside, CA
  • Posts 36
  • Votes 20

@Kevin Fox, one of these days I'll be home and be able to make it...lol