All Forum Posts by: Griffin Fehrs

Great opportunity to build sweat equity. Needs to be rebuilt from the inside out. Large 2bd 1ba per unit. Property Being Sold as-is. Market Value rents approx. $900. Square Feet - 2,430.

@Luc Boiron

Here is roughly what the breakdown looked like:

Roof: $8,000

Exterior Paint: $3500

Interior Paint: $3500

Carpet: $3000

2 Bathroom remodels: $6000

Appliances: $2000

Oil Tank + piping work: $2000

Misc (Landscaping, Staging, Utilities, Lighting, Hardware...) - $2000

@Account Closed Thanks! Yes, I did hire a stager. I certainly feel as though it is worth it.

Thanks! @Bryan Potts 

This week, I have had two similar situations pop up.

On two different occasions, I have made offers on off-market leads where the sellers had a sibling they needed to consult with. Ironically, neither seller speaks with their sibling. The sellers responded will to my offers, and I feel had their not be a sibling involved - I'd have contracts written up.

So, I follow up with the sellers to see if they have consulted with their siblings - and neither seller had done so yet. They told me to get back in touch with them in a few days. 

Obviously, taking time isn't good. Perhaps, they are buying time to explore options.

This is where I feel vulnerable, in that I seem to be too passive.

Any tips on making the close?  How to create urgency without turning off the sellers?

@Alex Velazquez I agree, we surely aren't headed in a positive direction. Business and people are leaving.

@Melissa Gittens Definitely! Always looking for news sources to maintain an accuracy perception on the latest happenings!

@Travis Lloyd Thanks for the article. Connecticut is always popping up in various articles about increased flipping markets... Interesting though - wonder where we truly are in the cycle? 

Fellow CT folks! Whats Up!

As I was doing some reading through the Hartford Business Journal, and the real estate section of the Hartford Courant - I thought - where might everyone else be soaking up the latest R.E. news?

I pay attention to MultiFamily Executive, as well.

So my question, where are you staying up to date with current REI news or latest market news in general?

P.S. - A recent article on flipping in Connecticut:  CT shows sharp increase in real estate flipping

Tryin' to stay informed!!

@Jeffery M Raju Heavy networking + local meet-ups to get the low down on who is doing deals. Then it really comes down to giving them a shot. If you create the relationship, then see what they bring you - if its crappy and thin - evaluate their performance then. On the contrary, I recommend offering advice and being helpful to the wholesalers putting in the work, but perhaps still learning - because when they do find a deal - you want to be the one they call...

@Orlando PazI'd draft something in writing...but any investor who would burn that bridge where you are bringing them leads/deals, is simply foolish. Cultivate relationships before-hand, ideally minimizing the risk of getting beat!

@Donnell Evans

Off market usually suggests it's a deal not on the MLS, or listed by a realtor (no commissions to pay). For the buyer, its attractiveness is assuming less eyeballs are seeing the deal - compared to if it were an MLS listing where its exposed to all who have access - possibly resulting in a more competitive, higher offer to get accepted - equals thinner deal.

If you're a wholesaler with an off market deal - yes, market to your buyers list.