All Forum Posts by: John Ala

Lynell,

I am always happy to meet with other REI. DM me with your number and I will get in touch.

@Tyler Barranger and @Phil Olinger

Tyler, I rely heavily on my realtor to bring me deals and provide accurate info so I can make decisions. I feel lucky to have found a realtor that is an investor and has done and is doing fix and flips. Like any other professional that I use, I keep tabs on what they do and the information they provide. After all it is my business and my responsibility. @Phil, sounds like you have had problems in the past. It can be hard to find the right team for sure but having that team can really help your business prosper.

Firstly, student loans SUCK. Secondly, I would (and did) everything I could to pay them off as quickly as I could. Transfering your debt to gain 2% is fine but not solving the problem. Figure out how to cut spending elsewhere and increase income and throw everything at the debt. Anyway, that's what I did and retired $115k of student loans in 2.5 yrs. and yes we had nice incomes but until we got serious we were paying minimums and not winning with our money. Best part is we learned how to handle money and 7 yrs later we can flip homes for cash. 

Are you interested in growth areas or revitalize areas. I am looking for revitalization. There are neighborhoods in the downtown area (north and east) where I am focusing. There are traditionally unkempt areas that are gentrifying and surrounding areas are ripe for money making fix and flip opportunities. 

As far as growth is concerned Spokane is a great market. I would not invest in Seattle. I base this on political climate and projected industry expansion/contraction. Predicting the future is tough. My thoughts are that you can make money in any market, it is just harder in a stagnant or contracting one.

Cant say enough good things about Chelsey. She found 2 amazing deals for me this year so far.

search Chelsey Graves spokane

Hi all,

I started doing fix and flips in Jan 2019 here in Spokane. I am on house #2. My model is to be a GC with all the specialties on staff, fully licensed and bonded. I am close to this now and only missing electrician. My goal is to not only do my own properties but be the one stop hire and forget option for other flippers. I am not looking to be greedy and think a profit share is the best method. For example you purchase a prop for 120k, you contract with me and we agree on a 60k rehab. I would cover all rehab costs and get a 1/3 split. Actual split is based on actual rehab cost. All accounting  is in the open as we would be partners. I am curious if this sounds appealing or if I am off base with this model?

all days are equal to me. 

I like 9:30am at Genisis

@Kelly - I would be interested. Any chance it could be during the day? I like my evenings for family and my days for work. I may be rare as REI is my full time day job. Maybe we could do a 45 min lunch thing. Mostly I am looking to find others that are fix and flip so we can share knowledge.