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Simply Put, I work for myself... I get paid for what I'm worth, and I control my path to greatness.. If I fail, shame on me..

You can't listen to the guy behind you, because he is there for a reason..

What about Buy it, Fix it, Sell it

Good Morning folks

Well I have found my first flip.. Paper work getting done, continginsie (sp), with inspection, pest, and radon tests getting done Wed..

I really like this place ( flip wise ).. Looked at 37 homes, wanted to live in 10, LOL.. This does not include the drive-by's..

All the numbers are falling into place, and looks like I can make a good profit from this, my first flip.. I have found a home that IS fail proof.. I know, nothing is fail proof, but if I " stay the coarse " with my plans, this is a no-lose situation..

I have pulled the trigger on about 15 good ones, just because " the numbers dont work "... I couldn't do it with-out all the info here, so thanks guys.. We are confident that the seller will meet our price ( Fanty Mae home)..

Thanks folks

Hey folks, what do you add to a property that gives it that " WOW", " I have to have this "?

Just curious :idea:

Hey dmvetta, I'm in the same boat, only my buddies dad is the investor, and It's my buddy and myself to do everything.. BUT, we keep all the profits.. The investor just wants his money back, so we lucked out.. BUT we are going to kick him some greenbacks, because ultimatly, if it wasn't for him, I wouldn't be in this business as easy.. We are going 45-45-10.. We want to make it worth his investment, because after all, he is the money man..

I dont know anything really about this, but I bet it would make you a better investor.. But also, I would think that you would learn the ins and outs of adding value to a home.. Ummmm, you got me thinking.. Good Idea, IMO..

Good tips Mike.. My realtor is getting me this book called " Rich Dad, Poor Dad"? I think that is the name of it...

Hey Marvin, I kinda got lucky.. My stepbrothers stepbrother is a realtor, and I havent seen him years, till I got into realestate.. I was looking at a house, ( RADON HOUSE ) is what I called it on here, and he just happened to be the realtor for the property.. So, I planned a meeting, and told him my intentions.. Every since then, this kid has pulled about 40 deals for me too look at... He has been putting alot of time in this for me, and I am very happy so far..

I will tell you this, you have to be on these guys.. Touch base with your realtor at least twice a day.. You have to be on the same page, and he MUST know your intentions... I was fortunate to find a good realtor, so easily..

Just be upfront, find a seasoned vet, and let him know that you need him to make HIM money... Get him motivated, ( hopefully he already is ), and stay on-top of things.. If he gets you a lead, go look at it as soon as possible, just so he knows your not " wasteing his time " and he WILL work for you.. As far as finding one, ask folks you know or work with, some-one might know some-one, never know.. Look at track records, check-out his closing numbers..

I have learned in a short time, the Motivation is the key in this game...

I just dont want to have the chance to fail.. So, I found a flip in a more desireable location.. Then down the road, I WILL pick-up one of these crap homes, just to see what can be done.. I want to change this place, and I will change it, sooner or later.. Just a goal of mine..

Well, I went to take a look at this deal. ( pics ).. Asking Price was $20,000.. I could probably get it for $8,000... Looking at $50,-$60, tops.. The house next door sold for $79,500 a year ago..

I SAY NO, NOT NOW..

Being my first flip, I have decided that this COULD be a good deal, but not right now.. Not really good hood, but not really bad.. Definitly could be a nice house, VERY NICE..

So, I sent my realtor on a hunt.. Found another one, and this is "THE ONE"..

PS.. I see the pics of the house above, can you see it?