All Forum Posts by: Account Closed

Quote from @Peter Mckernan:

Quote from @Account Closed:

Last year I came here to BP when my marital home wasnt sold yet. Well update! It sold in November, however I had to split the profit with husband so I have some capital, but not enough for me to purchase properties where I live. (I'm in Southern California) Because of this, I am thinking it's best to partner with someone more experienced in a straight fix and flip until I have enough capital to do this on my own. I have bought and sold primary residences before, staged many STR for an investor early in my career (Im an interior designer), and renovated homes for others, one of these which mostly recently sold this year: zillow direct link when I was working full time. I am blessed to be in a position where I could quit my 9-5 to care for my daughter during this summer as that is cheaper than summer day care. This has allowed me to research, read, watch videos, listen to podcasts, etc. but frankly I would like to make this time most productive by jumping in. I learn best by "doing". The design part I can do in my sleep obviously but I would like to see first hand the process of finding a deal, analyzing, budgeting for rehab, etc. basically partner up, shadow and bring my own skills and some capital to the table. So my challenge now is finding other people to bring in on deals/vice-versa? Ideally, I would like to be able to visit the jobsite regularly, if not everyday here in CA. but Im open to out of state (midwest) projects. Thoughts? Resources? Should I ask local agents? Property managers? Post on social media? Thank you!

 Hey Lisette, it really is up to you, if you are looking to eventually go out of state, maybe start here for when you go out of state you can really make a bigger impact! That is really the best thing, making that impact where you go with the cash you make here will set you up better too. It's about the reps you get in and then that will be the output here or out of state. If you want to jump on a call let me know! 

Yep. That’s my ideal situation- get one down here (CA) first then go out of state. Love your workout analogy lol Thanks for the feedback! 

Thanks Matt!  All that makes sense. And I agree. So in the end I’m looking to invest out of state anyway since Im thinking of leaving CA for personal reasons (I really like Ohio right now) but just thought starting here with someone would be easier since well… im here lol I’m totally fine with not getting 50% out of it. I would even be okay with just getting paid a PM fee or something like that. It’s the experience and knowledge that is worth more to me. I have found that flippers and agents just see designers as an unnecessary drain on their profit and I totally get that too. Anyway thanks for your reply it was really helpful! I’ll try some of things you mentioned. Take care! 

Last year I came here to BP when my marital home wasnt sold yet. Well update! It sold in November, however I had to split the profit with husband so I have some capital, but not enough for me to purchase properties where I live. (I'm in Southern California) Because of this, I am thinking it's best to partner with someone more experienced in a straight fix and flip until I have enough capital to do this on my own. I have bought and sold primary residences before, staged many STR for an investor early in my career (Im an interior designer), and renovated homes for others, one of these which mostly recently sold this year: zillow direct link when I was working full time. I am blessed to be in a position where I could quit my 9-5 to care for my daughter during this summer as that is cheaper than summer day care. This has allowed me to research, read, watch videos, listen to podcasts, etc. but frankly I would like to make this time most productive by jumping in. I learn best by "doing". The design part I can do in my sleep obviously but I would like to see first hand the process of finding a deal, analyzing, budgeting for rehab, etc. basically partner up, shadow and bring my own skills and some capital to the table. So my challenge now is finding other people to bring in on deals/vice-versa? Ideally, I would like to be able to visit the jobsite regularly, if not everyday here in CA. but Im open to out of state (midwest) projects. Thoughts? Resources? Should I ask local agents? Property managers? Post on social media? Thank you!

Add me too! Thank you :) [email protected]

Hi Jacob!

I know this is 8 mos ago but if you’re still needing a designer to create finish schedules for your spec houses, I’d be interested in discussing that further. I’ve done tons of them in Revit for big commercial projects. Email me or send me a message here. Thanks

If you’d like to visually make the ceilings seem higher with paint alone, you could paint the ceiling the SAME color as the walls in that space. I’m an interior designer and that’s a trick I like to use. Example attached below:

I know it seems counterintuitive but in practice it works. In terms of paint color- I tend to choose paints last based on the rest of the architectural finishes. My favorite paint manufacturer however is sherwin williams. For mass appeal rentals I like light and airy with a subtle accent wall here and there. Swiss coffee is a pretty, warm white. Grays in general look dated, taupes and beiges with less yellow undertones are what people are responding to now. For sheens: eggshell for main body of the house and bedrooms, semi gloss in kitchen and restrooms. Hope that helps! 

Hi Laryssa! 

interior designer here :) I have done a few shower floors with penny tile and like someone mentioned smaller tile to reduce slipping. Always check manufacturers specs to make sure that the tile you’re choosing can be used in a floor application because sometimes tile can ONLY be used on walls or it voids warranty. Darker shades of grout will stay looking new longer as well. Hope that helps! 

Hello! interior designer here :) You’re right in wanting to use a lighter colored countertop with the cabinet you described.  A white marble look quartz with large gray or taupe veining would be lovely and neutral enough for mass appeal. The color white not only adds light and airyness but also psychologically indicates cleanliness and a sense of calm in a space. I’d steer away from dark highly speckled granite as that looks dated.  Good luck! It’s gonna be great! :) 

Quote from @Andrew Syrios:

I would be hesitant to use a hard money lender as they're simply so expensive. I would just try to get an FHA loan and buy a duplex or fourplex. Live in one unit and rent out the others. It can need work but I would avoid major projects. They always take much longer and cost more than you think (especially for new investors). Living with your parents while you save up capital is a great idea.

But I LOVE major projects :( 

thank you! 😉

Quote from @Greg R.:

What makes you think you can keep reno costs ultra low? Materials and skilled workers are both extremely high right now. Unless you personally know a contractor or other skilled labor who you can count on for fast, quality, and reasonably priced work - go turn key. 

What exactly are your goals... cash flow, appreciation? I highly recommend you start out by learning about being a landlord and how to underwrite/ analyze deals. These are two bare minimal skills you need to be successful. 

This can only be done by spending a lot of time research and studying. Way too much info needed to learn in forums. 

To answer your first question- Im a full time interior designer so I’ve developed professional relationships with material vendors where I can get materials wholesale or less and sometimes for free. Same with subs- I wouldnt hire a GC because I can manage construction projects myself. however you’re right, all construction trades are super busy rn and scheduling bids and start dates are weeks out so that is a concern for me. 

I’m interested in appreciation.

I have rented a primary residence out before when I was unemployed 6 years ago and went through 3 tenants in the very tenant friendly state of California within 2 years.
That was fun lol but needed to keep my house from foreclosure- it actually brought a few hundred dollars extra each month. 

 
to your last point in educating myself, yes of course! this BP forum isn't the be all and end all of REI. I'm looking to connect with local investors in person and take courses if I have to. Thanks for your feedback!