All Forum Posts by: Liz Cole

@Matthew Olszak Thank you for your insight. And, you worded your question of what my question was much better than I did. One thing is sure the title of my thread was attention getting! 

You and the others have given me lot's to think about and a place to start and that was my goal in asking the question. 

@Dean Letfus  So moving to an area that is basically 3 hours from my current residence and Flipping a house is a stupid and dangerous idea.. And if I don't ask a question Dean, how do I learn?  I was looking for tips and things to ask contractors and RE Agents to see if they "fit" with my goal. 

Please share what you think I should do instead? 

I'm smart, creative and a hard worker. I good with people. They like and trust me. I have some background that is useful. I have time (right now) and a little money. Nothing up to Jay's standards, but a little. And I've wanted to get in the business for years. 

I'm attentive..

@Andrew Johnson I used that Rock Star term light-heartedly.  I have a rather jocular, upbeat personality. Unfortunately for me, EVERYONE got stuck on that. I've Never seen the podcast or read the book they keep talking about. I watched a podcast on "Goals" and it was hosted by Brandon and David Greene. He very briefly talked about finding a team you can trust and used that term. I thought it was "fun".  

My post was to get tips, feedback and info on how to find quality people to help me do the work. Another female investor mentioned how she went out networking and one of those was because she was in a bar for dinner and talked to some contractors that were there. And I mentioned someone else said go to Lowe's EARLY AM and talk to contractors because you know those guys are working .. 

I realize "newbies" are probably irritating to the "vets", but way too much assuming and it has been a little condescending. I can handle it and I'm sure Johann can too. I appreciate all the advice. 

Clearly, starting out I cannot wait 9 months after a purchase to have some A-1 contractor start a job ... I guess it's good that I can do a lot of it myself. lol

At this point, how does anyone do a flip if all the subs are lazy and unreliable?

Been in and out of DIY my whole life. So I'm no expert but feel comfortable with doing things and do understand more than a lot of people probably wouldn't. I also know that trying to do it myself would be way over my head. My original post was to start talking to contractors, etc. and build that relationship before I was actually ready for them AND if I did find a great deal and get it, I would have people I had a little confidence in. 

@Ola Dantis Thank you. And I think people have been assuming I plan on traveling (and I'm not sure why) my plan has always been to LIVE in the area while the rehab is being done. It is part of the reason I decided to focus on towns in my State of residence. So I wish we could move past that issue. I just decided that my area is too expensive. I'm probably looking at that issue wrong.

And it is not that I don't appreciate all the comments. I Do. I am giving heed to every comment for both veteran and newer investor. 

I would love to hook up with someone to do a deal. I have the time right now, and I have a little money.

And really what I wanted from my original post was interviewing techniques or tips on finding solid people to work with. Even if people are recommended to you, I feel it's important to ask the right questions, getting references, etc. I was too "flip" for my own good. 

@Account Closed

I evidently hit a "nerve" with what I saw as a light-hearted wink at finding the right people to work with on a project.. i.e. Contractors (especially), RE Agents, etc. I heard it called "Rock Star Team" on a webinar that Brandon did the other day about Creating a Goal and a Plan. I have no intention of going to another State or even across mine. 3 hours or less is not that far. (My dentist is a three-hour drive). If I am doing a flip, I'm going to stay in the area if it's over an hour drive. I used to run a drywall company with my EX. 

I have not read the book or watched the webinar. lol Only know what you're talking about because it was mentioned on the other webinar (barely) .

@Joseph Parker check and see if your state has a specific Buyer Agent contract and start working with people who legally represent you. I haven't been an RE Agent in a couple decades (!) but we had contracts that we could use with buyers if that is who we represented otherwise, regardless of what side of the deal we were on, we represented the Seller.

@Joseph Parker It's wonderful that you decided to write the letter. You're obviously on the right track with your career and look forward to following your success. 

@Johann Batista I love the creativity! Thank you for your input. Another idea I heard to find contractors was to hit Home Depot or Lowes type places EARLY in the morning and give and get business cards... you know those contractors are bushy tailed and go-getters.

I haven't been to an auction in a long time. I think I will do that. 

Thank you for your positive approach.