All Forum Posts by: Katherine Kesselring Arredondo

We are looking to deepen our vendor bench and are looking for Architect referrals. Any assistance is appreciated!

Hi Dawn did you find something?

Hi Janiel,

What kind of investing are you planning on in the areas you're considering?

Welcome to the market!

Hi Dawn,

That market is super tight right now. I just sold a rehab on 42nd Pl in Hyattsville and the buyer made an offer after driving by before I even listed it. Now is also a crucial time to make sure you are not paying too much for a rehab property. The ARV in our market is softening but acquisition costs are still high. In other words, if it's not a REALLY GOOD DEAL don't buy it right now. Thee are a lot of people out there making mistakes. This might mean waiting but it's worth it to not lose your shirt. You'll need to procure leads off market, but the areas you are looking in have a lot of investors as well. I would suggest door knocking and other things that larger investors don't want to do. Also, if you find a deal you might want to consider wholesaling it instead of flipping its its your first one because you'll probably make more for the time invested. Either way, it needs to be a smokin' hot deal.

Good Luck!

Hey @Chad Madlock,  I think there is some key information missing that could be important.  Do you have a trusted contractor already?  It is much easier to get started if you already have a working relationship with a contractor.  You have to put a lot of faith in them when you don't have experience.  If you don't I would have more than one give you an estimate and (as mentioned earlier) speak to their recent references.  You might break even on this deal but you will learn a lot by doing.  You are already in this thing, so get the most you can out of it.  Ask questions on the forum when you are unsure if you don't have someone else to guide you.  And keep moving forward.  All investors eventually lose money on a deal, the question is if you improve your business as a result and do better next time.  I applaud you for making the leap,  and suggest you get as much help as you can to get this thing across the finish line.  If you aren't already you should be looking for a Real Estate Agent who works mostly with investors.  A retail agent WILL NOT be able to help you.   Good luck and keep us posted! 

Hi Hunter,

I have found that contractor recommendations are not free flowing in our area.  I am also looking for contractors and I am a contractor!  Good luck-

We are looking for a full-time Acquisitions Lead to bring our flipping business to the next level. Foundational homes has 4 years of house flipping experience including 10 different properties. We want to double our business this year and are following a smart growth plan for our Operations and Sales staff.

Foundational Homes is not your average house flipping company. We are out to make a difference in our community. If you don’t care about helping others, creating financial stability in your community, and developing a reputation of integrity, please DO NOT apply.

Job Role: Develop and Manage Acquisitions Pipeline

• Getting Contracts
  • Go on Appointments with Project Manager and Structural Engineer
  • Follow up with motivated leads
  • Coordinate with Cold Calling and Social Media Teams
  • Deal evaluation
• MLS Sniping
  • Network with Realtors
  • Write offers on MLS Deals
• Network
  • Recruit/Train Birddogs on our Buying Criteria
  • Network at REIAs to find deals and partners
  • Find competent local wholesalers who have deals
  • Build Referral Partner Network
• Requirements
  • 2+ Years of Real Estate Experience and/or education
  • Desire to work with a team that is making a difference
  • The capacity to DO THE RIGHT THING every time
  • Sales Experience preferred
  • Must have good computer literacy
  • CRM experience preferred
  • Must have flexible hours

For Inquiries please contact us at [email protected]

I'll admit it,  I signed up for one of their classes, and later cancelled after seeing reviews online.  As mentioned above, I found someone local to learn from and that has been very productive.  At the meetings you go to try to meet other attendees and follow the general advice on this site by seeing how you can add value for them.  You'd be surprised at the connections you can make.  I mentor someone I found on Biggerpockets for free because they had project management experience that was helpful to me in my business!  Now he is starting to wholesale me deals!

Good luck to you, you came to the right place-

Welcome to Investing in Maryland!