All Forum Posts by: Ryan Boutin

Yes, that's definitely an option I will look into. Thanks for your feedback.

@Chris Seveney
I haven't pitched much yet. For my last pitch, I recorded a loom video showing my strategy and talking about the sale price, renos planned and ARV. I also show comps and breakdown everything.

I general the projects, and don't often put up the cash. Sometimes I put in sweat equity.

I've owned a marketing agency for 12+ years and am getting skilled at finding off market deals. Just not so skilled at finding investors... yet. 

I am mostly curious what return would intrigue an investor more. COCR, % of profit, Loan interest...

I am curious what is a better way to pitch an investor. Which sounds more intriguing to an investor?

Example: Quick flip of 3 months

1. Cash on cash return of 3% in 3 months

OR

2. 30% of the total profit once the flip sells

OR are these both NOT intriguing for investors?

Hey @Alex Cee, I am in Saskatoon and have a property available. I will either flip it or wholesale it. Message me for details.

Found a property and put a deposit down. Potential for 3% COCR in two months. For more details message me. Alternatively, I would be willing to wholesale property. The property is in Saskatoon, SK, Canada

I am new to Bigger Pockets. Not sure how this all works.

Quote from @Evan Polaski:

@Ryan Boutin, along the lines of Scott noted, the 70% rule is typically more tied to BRRRR when you are hoping to refi all your money out and hold the asset as a rental.

I didn't realize that the 70% was referring to the BRRRR strategy, but that makes sense.

Great replies!

I am flipping homes I will purchase around the $250-300 mark plus rehab. I use a the detailed spreadsheet from houseflippingspreadsheets.com. It seems to work well. I am a little discouraged because of the market here. Because the inventory is a lower than normal, there is a ton of competition for homes that need rehab. When I say this, I speak of the MLS listings. I am looking at other methods right now to find off-market properties. I am not sure that there is enough profit in MLS listings, especially when there are multiple offers.

I have read that flippers tend to sit around the 70% mark for buying vs ARV for flipping properties. Is this what most use as a number? What do you use for a percentage?