All Forum Posts by: John Hogg

Congratulations on the completed project!

@Ryan Myhre It took 81 days we do the flips after work and on weekends currently. Thankfully, our realtor gives us a lower comission rate on houses we buy and sell through him. Profit stands at 15k which is a tight margin for us. Back to looking for those decent cash only properties. It looks like you've been doing well in our area which is nice to see! Cheers! 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $150,000
Cash invested: $55,000
Sale price: $230,000

4 bed 2 bath

What made you interested in investing in this type of deal?

Increasing capital to invest in future buy and holds.

How did you find this deal and how did you negotiate it?

MLS
Cash deal

How did you finance this deal?

Cash

How did you add value to the deal?

Full home renovation

What was the outcome?

Sold home and turned a profit.

Lessons learned? Challenges?

Learned that keeping balance of a budget on a smaller scale home renovation proved more difficult than our previous larger scale renovations.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Will Swygart

Have you explored the idea of your grandparents owner financing the property to you?

It may be an option that works if they don’t need the money from the sale up front.

Good luck and keep up the hustle.

Thanks for the kind welcome Jack.

@Justin Frank

Nice, well if you ever need insight into anything in the area feel free to ask.

@Aaron Hale

Thanks so much!

@Justin Frank

Thanks, are you investing there from out of state, did you previously live in the area?

True,definitely lots of growth in the area.. too much almost.

@Justin Windham

Thanks for the welcome and your helpful tips. I'll be sure those features out.

@Cody Stone

Thanks for the welcome! Yeah, I guess I have to claim him :) .. we're Cousins. I grew up in Caldwell too. Probably just a year or two behind both of you. I believe I got on your wholesale list a year or two ago, but we're currently looking for our next project and are always interested in those deals when they come up.