All Forum Posts by: Ian Franklin

I'm excited to be part of the BiggerPockets community! I'm a local investor/contractor who primarily focuses on fix-and-flips, and I also manage projects for a few other investors. Over the years, I've built strong systems to keep projects on time and within budget. It wasn't always smooth sailing – I've learned a lot from my mistakes and am happy to share those learnings to help others avoid them.

Feel free to ask me anything about structuring subcontractor relationships, ordering materials, or keeping budgets on track. I'm an open book and here to help however I can. I'm also eager to learn from all of you experienced investors out there!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,000
Sale price: $210,000

Purchased this property from family of the deceased owner , it was in bad shape and was full of cats and debris . We are almost done rehabbing and ready to put on the market

What made you interested in investing in this type of deal?

Large return

How did you find this deal and how did you negotiate it?

The seller filled out a form on the website

How did you finance this deal?

Hard money

How did you add value to the deal?

Complete renovation

What was the outcome?

Pending

Lessons learned? Challenges?

Do not allow the seller to return for personal belongings after the close without some type of documentation on when they would have everything removed. We went back and forth with them trying to get stuff out they wanted. I could have said this is the date and that's it and I did but they kept putting it off with excuses.