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All Forum Posts by: Jenifer Janniere

Jenifer Janniere has started 3 posts and replied 10 times.

Post: Real Estate Investing Networking Event in Phoenix

Jenifer JannierePosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 11
  • Votes 2

Hi Travis!

I am officially living in PHX! I am saving the date; I look forward to meeting you in person! I hope all is well on your end :). 

Talk soon,

Jenifer 

Hi BP!

I’ve been  researching and discussing creative options to purchase my first flip and what like some feedback from  the BP community. A few things that I should state: 1.) I don’t have the money for the down payment or rehab cost, I would like to use a private lender to fund both. 2.) I was approved for $270k. 3.) I am looking to purchase property in Phoenix AZ. 

The area  that I am going into analysis paralysis about is RTOI agreement. After reading and learning so many different options I’m unsure on what term(s) to create. I would like opinions from anyone that has purchased a property with a simialer scenario. Which of the following terms did you go with? Was it a win-win for you and the PL? If you used an agreement & term that is not listed please do share. Thanks in advance!

1. Pay 6-8%  to lender , payout at closing. Percentage range is based on working with an  inexperienced PL that would be passive. 

2. Split the profits at closing : 60 /40 split. 40% is for the lender, the PL would be passive.

Post: Seeking SoCal mentor specializeing in flipping SFR Out of State

Jenifer JannierePosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 11
  • Votes 2

I am a Los Angeles based Interior Designer specializing in new build design and renovations for multi family investors. I have gained a lot of experience within my 5+ years working for them, which has inspired me to start flipping SFR. I recently started my journey a couple of months ago; I have spent every day since learning something new about RE investing. I am looking for a seasoned investor that specializes in flipping SFR in and out-of-state. Ideally I want to start by creating an apprenticeship type of relationship; I would like to exchange my time for knowledge and real world experience.

Preferred travel Distance: 20 miles max from 91403

Post: How much to pay an investor? Interest Rate, Percentage, Term?

Jenifer JannierePosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 11
  • Votes 2

@Michael Kopyscinski Thank you for posting this question on the "forum"; it is still relevant a year later and provided the answers to the same question that I was currently facing. I am educating my self on flipping while simultaneously setting up meetings the raise capital. 

How did your experience turn out with the two investors?

Post: Rehabbing and House Flipping In Arizona vs California

Jenifer JannierePosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 11
  • Votes 2

@George MevawalaHi George! Very helpful, thank you!

Post: Rehabbing and House Flipping In Arizona vs California

Jenifer JannierePosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 11
  • Votes 2

@Antoine Martel I heard the same at a recent RE Meetup, but I’m staying optimistic. 

Post: Rehabbing and House Flipping In Arizona vs California

Jenifer JannierePosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 11
  • Votes 2

@Antoine MartelI am actually doing research on AZ population now (as I'm replying) to identify the area. 

Post: Rehabbing and House Flipping In Arizona vs California

Jenifer JannierePosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 11
  • Votes 2

@Shiloh Lundahl I would be getting a loan to but the down payment, which I don't have and has to be cash would be where the the investor comes in.  I have a trust worth PM out there that I have worked with for several years on multiple projects in and out of AZ. 

Post: Rehabbing and House Flipping In Arizona vs California

Jenifer JannierePosted
  • Real Estate Agent
  • Phoenix, AZ
  • Posts 11
  • Votes 2

I live in Southern Califorinia but I am interested in doing my first flip in Arizona. I have a reliable project manager in Arizona will skilled workers, I’ve contacted a RE agent, and I’ve been preapproved for $250k. I am currently researching and analyzing properties in AZ and would appreciate the feedback of anyone who has done a out of state flip in AZ. How was your experience and is it a “better” market to do my  first flip compared to CA? FYI: I have no money; my next step is to find and investor for the down payment on the home.