All Forum Posts by: Kiersten Vogt

You truly are inspiring!! This was a great story to read for someone like me to read!

Congratulations @Michael Ablan!! That's amazing!! 

@Gilbert Dominguez you are right!!! Yes I want to be running a business and I'm not. Thank you! 

@Andy Mirza I think I do know the answer... thank you for the advice.

@Anthony McEvoy Thank you! I think part of the problem is she's family... I didn't want to believe that working with family is tough but it really is! I guess you could say I was more of a laborer in everything else we've done together.

Believe me, I've asked for a narrowed down list and when I deliver, there's something else I need to add. I think from what people are saying here, I already know I need to move on! 

I know networking will help and have recently found a few meetings that take place in my area so I'll try a few of those to start! 

Hello All!!

I'm posting in hopes that someone might provide guidance. 

I am becoming very frustrated with my investor as I continually send good flips her way with excel spreadsheets to back up repair estimates (we own a remodeling company so we are pretty good at figuring it out) as well as CMA's that back up my ARV because I am a licensed agent with access to the MLS.

There is ALWAYS an excuse with her and I feel as though she'll never actually give the okay to buy something. "Not a good time to buy." "We'll finish the flip at the wrong time of year to sell." "It has septic." "It has a well." "What if what if what if..."

I feel like I'm searching for a needle in a haystack and I'm passing up on all these great flip opportunities. I guess our goals aren't aligned as I am looking to grow slow and steady and she just wants a home run. 

We can't afford to flip on our own and she is the only investor I know of at the moment who would actually be able to move fast on a deal but I feel like I'll never find the perfect deal for her. 

I think we've arranged a great deal with her... it's a 50/50 profit split where she provides the finances and we manage the entire project, from using our own guys to subbing out to other contractors if need be, to designing the final product to SELLING IT for NO COMMISSION! (Also, she's flipped plenty of houses before so this isn't new to her. We've flipped one house, BRRRR-ed a multifamily and we own a construction company.) I've found deals that had $40,000 profit in 8 weeks with EXTREMELY reliable repair estimates and ARV and she still says no... is that not a good profit margin for a 50/50 deal? Should I offer to take less money to get a deal going?

I guess I'm wondering what should I do next? There are so many things I could do. I know I'd be great at helping other investors find deals as I love the hunt and the research and even the excel spreadsheets and CMA's that go along with the process. I'd love to be the investor friendly real estate agent. But does that create a conflict of interest when I'm also trying to invest?

Any insight would be helpful!

If you're still looking I am definitely investor friendly! Best wishes!

Welcome!! I'm pretty new here too! We are currently brrrring a multifamily in Pennsburg, PA!

@Michael S. Thank you so much! So happy to be on here!

@Matthew Paul is totally right!!! We own a remodeling business and while we're still small we find the same exact thing. It's difficult to juggle "weather, inspectors, subs, suppliers" and keep the guys busy all the time. So sometimes we have to have multiple jobs going to ensure we can always give a our guys as much work as they need. However, when we're doing multiple projects we let our clients know and give them an accurate time frame knowing we'll be doing multiple jobs at once. When people know from the beginning how long something is going to take they're usually fine with it... it's when other guys keep telling them one more week, one more week, no one more week that they start to get annoyed I think. 

I'm also really big on communication! If we're not updating our clients daily, we're updating them a few times a week!