All Forum Posts by: Michael Juve

I really wasn't figuring expenses, you are right. From a quick search I did federal taxes on $60,000 a year ammounted to about $8-9,000. I do not know about State taxes though.

There is a lot of figuring that I need to do. I was just thinking that 1 a month on average ,after a good R&D period, sounded like a reasonable goal.

I admit I am guilty of the looking at places before having a buyers list. I had a generic list that I pulled off Craigslist, but it really wasn't anything of quality.

I was the perverbial chicken with it's head cut off. I was running around, but I really didn't have any major goal. I realize now I need to slow it down and take things one step at a time.

I am going to use some of these tips and start to build a buyers list that is hopefully of quality buyers. Then I will have an idea of what properties I need to be looking for. Then I will get a purchase agreement written up, and an assignment contract as well. Then I will be off marketing the fact I am looking for homes. For starters I may try Craigslist or the newspaper. I've read of success with the bandit signs, but I don't know if I really want to do that.

I don't need to get rich quick. But I figure if I can manage one deal a month and average $5,000 I would be doing pretty good. Is that a reasonable goal to set, the one deal a month? I realize there will have to be a phase for R&D and getting my ducks lined up.

I can't think of many jobs where a 19 year old fresh out of high school could make even half that a month. I've got the initiative now, I just need to find a direction to put all this energy.

When I was on these boards previously I was hyped, but I really had no idea of what to do. I hope I am a little more mature now and can set baby step goals which will hopefully lead to closing on a deal in the next couple of months.

If that is the case that puts a big monkey wrench in what I've had in mind.

I use zillow. But I find the comparable sales. The number they give is usually off. But I suspect that the previous sales are fairly close. They usually inclue homes that are not really that comparable in rooms/square footage which boosts up their "estimated value."

At least that is what I have seen.

Well I made $15k in 29 minutes. :D

Ok not really. That is seriously awesome. I would suggest buying a lottery ticket now.

This has nothing to do with looking fly and rich. I have wanted a Chevelle of my own for as long as I can remember. This is too good of a deal to pass up on.

I made the deal on the car months ago. And I'm not going to go back on it now. It is just now ready to be moved.

I do have some money saved up. But with the car I'm picking up ,'71 Chevelle, that will put a major dent in what I do have. Plus whatever it might need to be operable. I'm figuring a set of tires at the very least.

The car is a screamin deal though. I could flip it if I wanted too. But I don't want to. I want to have a Chevelle that is all my own. :D

My dad lets me drive his all the time but it's just not the same as having your own.

That is the situation I have found myself in. I had some money saved up. But I've been starting to spend it and I haven't had anything to replace it with yet. I'm thinking I should go out and get a job just until I start making money with wholesaling.

I still don't have any reason to suspect why this can't work out. But I find myself in a situation where I need to start making some money right away before my bank account hits $0.

How about assigning contracts? Are they still considered flipping? I would imagine so but I thought I would just clarify.

I didn't give out the address. I just gave out the bare bones numbers that I got.

One of them got frustrated because I told him I did not feel comfortable revealing the address. He told me to stop bothering him, and asked how I got his email address.