All Forum Posts by: Account Closed

1. If I list a flip and do not get several showings within 2 weeks then I can assume that the house is over priced. Buyers do NOT show up for houses that are over priced no matter whats inside them.

2. If I list a house and get several showings but no offers then I can assume that it is something at or about the house. So I will begin to make changes. If people are showing up to the house it is priced right but there is something at the house that is saying don't buy this house.

Also keep in mind when flipping there are three things that sale houses:

1. PRICE

2. PRODUCT

3. PRESENTATION

You must focus on those three things when you are working on your outcome or sales.

If you have any questions please let me know I am more than happy to help you in any way. Again flipping is my game I have done literally 100's of them. I bought over 1 million dollars this week alone in new flips.

Good Luck!

Andrew

thank you so much, what specifically would you recommend i should change/add ?

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Originally posted by @Joel Owens:

Oleg it sounds like you way over invested putting 60,000 in. You might want to do the owner finance with some down at an inflated price as mentioned.

That might not be as appealing to you given you have almost 100k or more into this property currently. Even if you get 10k down you have 80k plus in cash trapped with purchase and rehab.

Maybe FSBO it for 95k and try to break even and take your trapped money to a better deal where you can actually make a profit.

hey, thank you so much. what's FSBO?

why wouldn't you like if i just rent it out?

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how can one make sure the seller fixed all the issues raised by the inspector?

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yes, pretty much we had to basically tear it down and rebuild it apprx $60k was invested

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Originally posted by @Rafael Floresta:

Lets hit some keywords here... Philadelphia, North Philly, South Jersey.

It looks like you have some good comps in the area.

http://www.redfin.com/PA/Philadelphia/2008-66th-Ave-19138/home/38290769

http://www.redfin.com/PA/Philadelphia/6453-N-Sydenham-St-19126/home/38440039

http://www.redfin.com/PA/Philadelphia/6526-N-Lambert-St-19138/home/38276925

How much can you rent it?

hi, i am just wondering is there any reason why you specifically chose redfin ?

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Hi, is there a way to check if the seller fixed all the issues rised and recorded by an inspector ?

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>$1000

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whats ARV ?

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Originally posted by @Rafael Floresta:

Put a link to the listing, and let the local people from BP help you with a asking price.

http://www.zillow.com/homedetails/6500-Limekiln-Pike-Philadelphia-PA-19138/10219695_zpid/

1 Vote

All Forum Posts by: Account Closed

Account Closed has started 10 posts and replied 30 times.

Post: Real Estate lawyer in Philly

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Post: Philadelphia - recommendations for inspector, property management companies, and contractors

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Post: Inspector

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Post: My First Flip !!

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