All Forum Posts by: Luc Boiron

@Doug Pretorius, thanks for the reply. My reasoning is not that this will make a big difference, but if it helps me get 1 in 100 that I wouldn't otherwise get it would still be worth it. Also, it might give a slightly better impression of my company when some sellers call me as well as 5 other people.

Bump....Has anyone done anything like this?

I have a good agent out in the Cornwall area. 

Definitely lower prices out there. Different problems than the high price point areas, but I def think it can be a good place to start. Let me know if you want the agent's contact, he's been trying to get me to buy flips out that way for a while, I just need a good enough deal.

Hi Guys,

I'm not sure where I heard it, but it was probably the BP podcast. A wholesaler who was meeting with sellers would leave a nice, professional brochure at the seller's house after meeting with them.

My team usually leaves at business card at the house, but I would like to have some sort of glossy literature to give a professional impression to the homeowner.

Does anyone here have an example of what they have done for this? Or some ideas of what to put it in.

Thanks all!

I'm a house flipper and wholesaler in Canada. I did 17 deals in 2017 and will do about 20 this year, but building my business to grow.

I am not a member of any of their programs, but I enjoy the podcasts and believe they have great material. My first interaction will be when I go to Flip Hacking Live in San Diego this year in October. I bought my FHL ticket a week ago and my plane tickets yesterday.

I'm not part of the program, and I'm an active contributor to BP so you can see i'm not a shill. I've never taken a guru seminar or course and I'm skeptical of all of them and have been self taught in my business. If I ever take any sort of paid program, I would likely join the 7 figure flipping, which seems to be the best one out there. 

I would say you should go ahead and sign up for House flipping formula, it should shorten your learning time and get you making money sooner.

 Yes, I have! If I bought this from a wholesaler for $600k or directly from the seller for $600k, should I not be careful in the same way? It's probably even less risky with the wholesaler involved as I will look at it even more carefully.

@Josh Collins My average flip is 4-5 months from close to close. I expect this to be the same, but with the timing of the closing it could get longer. There is a good amount of grading and exterior work to do, I'm only closing in October. If I'm not able to get the outside work done before winter hits, I'll need to finish in March. So 4 months should be doable, but could take up to 7.

Also, the expected profit already accounts for leveraging the purchase price at 80% LTV, so the return would be on a $300-350k capital investment.

I'm way late to the party, haven't been on BP much lately. My goal for 2018 was to do 50 deals, and to grow my team.

I'm only at 12 deals so far this year, so I have a long way to go. I aim got big goals, so even if I don't hit them, I do more than I would have.

Also happy so far I'm been growing my team. I've had an acquisitions manager for 4 months now, so far so good, and an admin assistant that I just hired this week. Hopefully will get my nose out of the paperwork and allow me to focus on growing.

Absolutely you can flip remotely and I have done it, but you are more reliant on other people. I agree with the above comments, your flip few flips should probably be local. And why not? Is there a reason you can't flip in your local market?

@Ryan Wilkerson If I only had $2k per month in budget, I would spend it on google adwords.