All Forum Posts by: Jeremy Stringham

Looking for help from experienced agents/investors. If you had $500k to invest 2 ways which would you choose and why? -Safe investment in existing business- 1. 500k invested over 15 years with an annual return of $200k per year but hard asset remains at $500k after 15 years **(4 mill total asset over 15 years)** 2. 500k invested in real estate ($2.5 mill total rental properties value) over 15 years with an annual return of $150,000 per year (6% CAP) properties grow to $3.625 mill over 15 year (assumes 3% appreciation per year) **(4.125 mill total asset over 15 years) Can my return from real estate be better than my above calculations? Thoughts?

Can both of you take photos and create in and out renderings?

Looking for a designer who I can send plans to, have them send renderings of the home in and out with some customer preferences. Any suggestions?

@BeccaSummers, all great info that is very helpful thank you. Do you find that builders sit on spec homes for long periods of time? I figure building one could take 9-12 months start to finish roughly? After completion how long do you see most sit if they are not selling?

Scott thanks for the reply and all the good info. Yes I could sell now and get the equity out of the house but we love our neighborhood and am in no rush to move. Probably get out in 3-4 years and roll the equity into a home we will be in for 10 years +. Buy and hold is certainly a long term plan but not only do I like the income aspects of flipping, my wife and I really enjoy doing it.

My wife and I built our home in Utah in 2014. Bought the land for $94k built our home for $200k subbing it out ourselves and it recently appraised for $475k. We have some time now to get more involved in real estate. We will soon have $650k we would like to use to start and get better deals using cash. Would you recommend staying with homes similar in value to our own as we did a couple of years ago? Or smaller homes and do more volume? Any references to agent's who specialize in flipping in Utah? I am an insurance agent so I deal with a lot of real estate agents but am looking only for those that specialize in flips and rehabs. 

What is the average return on a flip. $300k and below. $350k-600k