All Forum Posts by: Jeffrey Hayes

Hi, I'm a broker in Tucson, AZ and I currently flip houses in Tucson, AZ. I will be getting my real estate license in the next few months in Florida and I was just wondering if anyone out there has any ideas as to what the best markets are for flipping house in Florida. My before renovated top end to purchase SFR purchase price will probably be somewhere in the $140,000-$175,000 range. I will be living in an RV initially until I find a great place in Florida to flip homes so I am open to suggestions and can do it from anywhere from the Florida panhandle to the keys. Any suggestions would be appreciated. Thanks

Thanks to everyone who shed some light on this topic!  I appreciate it.  

@Norberto and John Agnoletti,   as somewhat of a side note,  do you know of anyone that has any success in flips in Pueblo, Co?    I know that city is much smaller, but I do know that the median price of a home is somewhat lower there than CS and Denver.   

Hello everyone, I'm currently flipping homes in Tucson, AZ, however, I will be getting my license up in Colorado shortly. Any quick advice as far as what market may be easier/more profitable as far as buying distressed properties for flips. I've narrowed my flip area down to either Colorado Springs or Denver area. I would be happy to live in either city as I have spent some time in both before. My max price for buying SFR would be somewhere around $190,000 before repairs are done. Any general advice as far as inventory, and which city might be easier to break into the flip business up there would be appreciated.

LOOKING FOR EXPERIENCED HANDYMAN TO DO VARIOUS TASKS NOT LIMITED TO BUT INCLUDING INSTALL NEW TOILETS, BATHROOM VANITIES,SOME SHEETROCK WORK,INSTALL TUB TILE SURROUNDS,INSTALL CEILING FANS,INSTALL VANITY LIGHTS AND OTHER MISCELLANEOUS TASKS. 

Hi Michael,  I flip homes in Tucson, AZ. I went to a seminar up in Phoenix and  B.E. Lending was represented there.  I've never used them but you might want to check it out.  I think they go as low as 12% if you meet their criteria.  Her name is Karen Causseaux .  I've never personally used her though.  But they were at a flip workshop I attended up there years ago.  Hope this helps.  Jeff

Hello everyone,  I'm having a condo built in the Cancun area in Mexico and it will be done by April 2017.  I'm meeting with the builder this month to choose my finishes.  I really like the way polished porcelain tile looks. Does anyone out there have any idea how durable this is?  I don't want it to be damaged by renters. I also heard that it is somewhat slippery. My other question is how durable is Quartz.  I've used it before in flips but never in vacation rentals.  I talked to someone who told me that it is not very sturdy when it comes to heat and hot things being placed on it.  I might just go with tile countertops because I do want a hacienda look as this is what the entire theme of the condo complex is.  Anyone with real world experience with Quartz countertops who can attest to their durability or lack thereof would be great.  Thanks,  Jeff 

Hi everyone, quick question, I'm putting an offer in on a REO property today and bank is requiring a proof of funds letter. I've provided one to other banks before for other purchases but is it a good idea to only get the proof of funds for my initial offer amount which is $78,000? I might go a little higher if they counter but I'm thinking it's not a good idea to show them how much I have so they might try and raise their asking price for me. On the other hand I don't want to be going into the bank every day for a proof of funds letter for different amounts for different houses I'm bidding on. Any advice would be great! Thanks, Jeffrey Hayes

Ok,  thanks to everyone who responded.  I appreciate it.

Hi everyone,   I now have my first flip under contract!  I'm really excited and if everything goes smoothly with the transaction then I should make a higher profit then I originally calculated and that would be wonderful. My question is what is the best/most cost effective way to insure vacant flip homes when they are on the market and also when they are in the rehab phase?  My insurance company charges more because the home is vacant.  I would stay there part of the time but it will be difficult to stay in 3 houses at a time once I ramp up my flip business to several at a time.  I'm sure every state is different as far as insurance laws go.  Any ideas or suggestions would be great!!  Thanks