All Forum Posts by: Mark Ho

Count me in. I am in Fullerton but can drive to any location.

@Henry M.. I like the percentage idea. The numbers I threw out were just random numbers to provide example not actual . Love the JV idea.

@Michael Woodward.. You bring up some really good points. Thanks for the warning.

@Brian Gibbons.. Great idea. Thank you 

Mark

I am considering offering property owners to rehab their properties and charge for the rehab project. The property owner will not require to pay rehab upfront, which is one of my selling point.  For example, lets say rehab cost $25K, which I will pay for and when rehab done I will charge the owner $50K. My other selling point is the owner will make more money selling move in condition home versus selling a fixer upper and on top of that he will attract more buyers who can obtain conventional loans. My concern would be after rehab done and owner likes it so much and doesn't want to sell.  Has anyone offered this type of services and what kind of problems were encountered? I know if owner wants to keep home and does not have money to pay for rehab then I can obtain a lien but that will require an attorney to go court to get judgment to force the sale of property. This will eat up profits and require a lot of time.  Any advice on this idea? Of course, preferably if I could buy the home at right price then I would but this is for owners who are not realistic about their selling price.

Thanks in advance.

Mark

Hello BP Community,

I was wondering if I can see any current rehab projects in Orange County? I am a Newbie trying to see current projects to obtain ideas. Thanks in advance.

Mark

Thanks for the response everyone.

Mark

Hello Everyone,

I have been reading about many topics on setting up S corp for flipping homes. Was wondering what other investors in California have set up for their business.  Are you buying homes under your business entity? Newbie trying to get details. Thanks in advance

Mark in Orange County

Thank you everyone.

@Joe Homs and @Chuck Chiodo ..I will definitely reach out to you both soon.

Hello Everyone. Newbie from Orange County. In process of starting up company with a partner to flip homes.  Read many articles from BP and learning a lot. :)