All Forum Posts by: Jacob Olivos

I am in the process of renovating my home for an impending sale (I have 1 year to refinance or sell) and I am wondering what cost efficient ideas you guys have come up with to renovate your homestead or investment property yourself, The most bang for your buck so to speak.  examples of things I have found and come up with: Staining cabinets and getting hardware, Deals on Crown molding on the secondary market, new light fixtures add a upgraded feel for cheap,French doors from the secondary market.  

What else have you guys done? this neighborhood ranges in the 175-250 range and I am hoping to get 200-215 retail.

IT is a bank owned deal. no negotiating that kind of deal. A wholesale brokerage has the rights to sell, hard money or cash only.  

I have a potential flip opportunity that just fell into my lap that I am trying to creatively buy through private money or a hard money lender, the numbers are solid and are based on comps within 600 yds within +/- 200 sqft and within the past 6 months. Purchase price is 220000 arv is 280000 with very minimal work required (less than 10k) my issue here is upfront cash , the deals I have done in the past required less than 15 k and where between 135000-167000. Now I know its never good to try and bend over backwards to make a deal work but this is a great opportunity and I am very familiar with the area having lived in this city almost 10 years. Basically my question is, what would you all do to get this deal? I have again about 10 cash to play with and about 50k equity in my home. the hard money lenders I have approached have all told me minimum of about 40k down and I just cant make that happen on my own. any ideas? tips? connections to private money that can take my home equity as collateral. ?

thank you again BP forum

Thankyou for the feedback, what percentage are you looking for with a flip?

I have a flip opportunity that just fell into my lap that I am trying to creatively buy through private money or a hard money lender, the numbers are solid and are based on comps within 600 yds within +/- 200 sqft and within the past 6 months. Purchase price is 220000 arv is 280000 with very minimal work required (less than 10k) my issue here is upfront cash , the deals I have done in the past required less than 15 k  and where between 135000-167000. Now I know its never good to try and bend over backwards to make a deal work but this is a great opportunity and I am very familiar with the area having lived in this city almost 10 years. Basically my question is, what would you all do to get this deal?  I have again about 10 cash to play with and about 50k equity in my home. the hard money lenders I have approached have all told me minimum of about 40k down and I just cant make that happen on my own.  any ideas? tips? connections to private money that can take my home equity as collateral?

thank you again BP forum

Welcome aboard! and do not forget to set up your key word alerts, that is in my opinion the best way to use this site, tell us more about your first flip, did it end well? how much of a hassle was it. 

My thoughts are that when I first start out having constant contact with leads and cash buyers could be a potentially excellent thing, i was concerned about the low price point but i believe working volume will make up for that , his average property is between 60-100k and no desk fees or cost , he is making the money off of the wholesale but I am making 1000-1500 a deal(if I complete both sides). Also rubbing shoulders with cash buyers and learning this side of the market intrigues me, I suppose what I am asking is the pros and cons and how much I can expect to make in the orlando area as a real estate agent just starting out. An as far as taxes I don't believe fl tax is as steep as New York .

title should say advice to become a realtor and do it the traditional way or a "wholesale agent" as described above.