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All Forum Posts by: Nan Li

Nan Li has started 1 posts and replied 13 times.

Post: Flipping of Houses

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3

I use the 'Flip Analysis' from BP to get a general understanding of how to achieve the targeted profit. Note that the cost of flipping includes: holding the property (insurance, tax, utility, etc), sale of the property (marketing, agent fees etc.), financial charges and rehab cost. And of course your purchase price + closing cost. It could add up pretty fast! Do the math and reserve some contingency. 

Good luck!

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3

Thank you Josh. Hope to see you around. 

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3
Hello Joe, Family is the main reason. Being architect demands too much travel. I want to spend more time with kids... I feel architect and realtor are two interesting professionals under the big umbrella of RE. Expertise is the key to success. I am learning and learning fast! :)

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3
Hello Mark, Thank you! I guess my design background could be some help to REI. Look forward to sharing!

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3
Originally posted by @Chris Soignier:

Welcome to BP, @Nan Li!

 Thank you, Chris. 

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3
Originally posted by @Alex Canales:

Hello , my name is Alex and Im also into land development , construction and specs , I would like to network with a good team in the same field .
Very new to this app ! I like it so far !

 Hello Alex,

Thank you for connecting. I enjoyed the BP app too... I specialized in hospitality, retail and mixed-use project planning and design. Please let me know if I could help.

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3
Originally posted by @Renea Steward:

@Nan Li

Welcome to Bigger Pockets. An Architect....well Alright. Two Thumbs up and a smile to boot. Thanks for bringing skills and experience with you.

Combine your skills and experience with Bigger Pockets various: ebooks, blogs, forums, podcasts, webinars, colleagues, keyword alerts, an awards system, a learn section, informative people in many fields of real estate, and more.

At the bottom of this page is a list with help in it. Click on help. You will see answers to questions that you didn't even think of.

Looking forward to sharing insights with you in the forums.

                              Enjoy as you prosper.....

Hello Renea,

Thank you for the tips and blessing! It is amazing to meet people with so much different expertise, who are willing to share and help. 

Good to go!

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3
Originally posted by @Michael Lee:
Originally posted by @Nan Li:

Hello!

I am an Architect and Realtor registered in Texas. I have been living in DFW area since 2004. I am very excited to know about the platform of BP and want to be connected! I did a few flips and rentals myself. I am now a full-time Realtor working with investors. I know North Dallas, Plano, North Carrollton very well. 

My ultimate dream is to do design-builds, that are innovative and well respond to people's need...

Looking forward to know you! 

 Hello and welcome!  I am from and grew up in Dallas.  I graduated from North Texas and got my broker license in 1980.  I have been in the construction business since I was 17.  If you think I can be any help to you please contact me anytime.  Good luck!

Hello Michael,

Thank you very much! Very glad to know a REI veteran from local! Wow... I am sure any of your suggestions will be invaluable. Hope to see you around sometime.

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3
Originally posted by @Ethan Jones:

Welcome!

We're based in the Dallas area as of a few months ago. It's a great community, look forward to hearing from you and seeing you around.

Hello Ethan,

Welcome to big D. DFW is definitely a great place to do REI. Hope to see you around. :)

Post: Realtor/Investor/Architect from DFW

Nan LiPosted
  • Architect
  • Dallas, TX
  • Posts 13
  • Votes 3
Originally posted by @Linval T.:

@Nan Li

Welcome aboard the BP community. You already have some tools in your toolbox....no pun intended. Now, you simply have to work on the other elements to progress your REI pursuit.

Ok, now that you have taken your initial step, below are some quick links to get engaged.

REI books suggested by BPers

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books

Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Hello Linval,

Thank you very much for the info. It is a great list! I am getting started studying... Your suggestion is well appreciated!