All Forum Posts by: John Vitta

Hi Ana, welcome to BP! Its definitely tuff to find any cash flowing properties in the Tampa Bay area, I recently posted in the forum looking for areas outside of Tampa Bay to invest and got some really great feed back. I'm now researching Indiana and Michigan markets. Cash flow is still tuff to find but seems good for flips still if u can actually lock down a deal

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Tampa, Florida

Quote from @Drew Sygit:

Check out Metro Detroit.

Thanks Drew! Definitely gonna look into that!

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Quote from @Patrick Snyder:

@John Vitta

I'm in Lansing, Michigan and there are still deals like this, although becoming scarcer by the week. I've been selling my rentals and concentrating on the rehabs since prices have risen, but you have to be selective of the neighborhood when looking for potential flips.

Thanks Patrick! Yea I know Michigan is tough to invest in without knowing the area. I will reach it for sure. Maybe we can talk sometime soon and I can get some advice on good areas to research if you don't mind. Thanks again!

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Quote from @Jaron Walling:

@John Vitta Anything on the south, east, or west side has opportunities. Like @Kerry Noble Jr mentioned you can buy property at sub $100k price point and decide which strategy makes sense. Depends on the neighborhood. Most investors seem to be flipping right now. Just buying something is difficult so be prepared for that. I have been making less and less offers.

Ok kool thanks again Jaron. Would love to talk sometime soon and pick your brain about the areas if you don't mind, maybe even do some deals together

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Quote from @Marty Boardman:

Sub 100K flips are difficult to find. Your best bet will be in small to medium size markets in the midwest and east coast (for example Illinois, Indiana, Ohio, Wisconsin). I live in Arizona but I'm doing deals in Wisconsin and Illinois and can make the numbers work there as rentals or flips. I used to do full-blown HGTV-style rehabs on all my properties to maximize profit. But you don't have to do that with the current market conditions. Buyers are content with a move-in ready home that has fresh paint, flooring and appliances. So for now I'm focused strictly on lipstick on a pig-type rehabs because of low inventory, scarce labor and high material costs.

Thanks Marty! I listened to BPRE Podcast #1, you're awesome, thanks for the advice!

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Quote from @Kerry Noble Jr:

Quote from @John Vitta:

Hey @Jaron Walling So Indianapolis would be a good market to research for distressed properties to flip for under $100K? And if so what areas in Indy?

im in Indy......you can buy under 100K (its getting slimmer but its still possible).......and the best part.....most of the properties at that price point can either be a flip or a rental.......

Thanks Kerry, seems like Indy is a place I should start researching!

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Hey @Jaron Walling So Indianapolis would be a good market to research for distressed properties to flip for under $100K? And if so what areas in Indy?

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Hey @Michael K Gallagher Thanks for the reply! That's great info, I will do some research on those areas. I'm gonna be doing lots of homework for a while before getting into and area, then create a team. I'm actually pretty excited about this new journey!

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So where are Investors flipping these days to find distressed properties under $100K? I'm in the Tampa Bay market and its near impossible to find anything under $100K. I'm willing to fish anywhere in Florida or anywhere in the country. Your thoughts and experiences please?

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That is great advice J, Thanks so much for your incite, It mean a lot coming from you! I am in the middle of reading your flipping book for the 3rd time, still highlighting and taking notes. I have a private money lender that I recently secured and currently searching for a good deal so I will be doing my first flip shortly in the Tampa Bay area. Thanks again :-)

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All Forum Posts by: John Vitta

John Vitta has started 18 posts and replied 41 times.

Post: Hello - First timer on the forums

Post: Where are Investors flipping?

Post: Where are Investors flipping?

Post: Where are Investors flipping?

Post: Where are Investors flipping?

Post: Where are Investors flipping?

Post: Where are Investors flipping?

Post: Where are Investors flipping?

Post: Where are Investors flipping?

Post: Rehab Manager Commission/Salary