All Forum Posts by: Nathan Cross

So found out that the current partner/investor is having to slow down on his investing into flipping for a little while. He didn't say he was going to stop investing with me, but did say that his next venture was starting to look at his financials. I was not too upset about it, but I did start thinking damn I have to find another person or two to invest to keep this train rolling. We currently have one property on the market, another about 2 weeks or so from being on the market, just closed on another one today, and will close on a duplex in about two weeks. I been working the skip trace logs that I have all day today, in between checking on properties and meeting with a new GC. So, my question to the Bigger Pockets crowd is what would you do in my situation? Oh I did forget to mention, I have a possible another investor who I have worked with in the military. He has about $60K on hand to invest into a flip. We are going to go over stuff tomorrow, and I will show him how I do all the contracts and take care of everything so to make it easy on him to sit back and wait for his ROI's.

But any and all advice for anyone that has come to a situation like this would be great! Thanks 

Been a little while since I have posted. So flip number 3 is mid way through, but I I have a feeling it won’t be done till mid September. Still have some things to do to take care of the exterior and the rehab inside has started. Still trying to find the balance with affordability and time. Though I had found a good handyman and his crew, but seems they are having some internal reorganization in progress. Will keep updating and posting the project via social media.

Trying to close on flip number 4, but waiting on the sellers to all sign paperwork required for the title company. Have an appointment with a new GC to see if he can figure out an affordable solution to the slop in the kitchen.

Just a quick recap both these deals I found off market. One by cold calling and the other buy just driving to check on the past project. Always keeps your eyes open to spot the next deal.

Have a house under contract to close end of the month. This is the second time it’s gone under contract. Fingers crossed this time it closes. Fist seller backed out after repairs were made that they wanted. Go figure right.

Well hope this little story give hope to someone starting new, or maybe it may interest a new potential future partner. Either way, wish good fortune to all in their pursuit of Finacial freedom.

@Steve Smithy yeah that's what I am thinking as well. If the guys I am working with doesn't like the deal of a BRRR I will ship it around for sure.

@Steve Smithy yeah that's what I am trying to do. What I am honestly thinking now after the conversation with the partner I am currently working with, is I may need to find more another partner that may want to BRRR as well. He was not to into the idea of the most recent deal I was able to lock in as being a BRRR. So I may have to lock the deal in and find another person that oils want to partner up with.

I have recently completed 2 flips in my local area. Both being on the market and under contract in less than 10 days! Yes I know its a sellers market, but still think that’s pretty good. I am sure like everyone knows, finding the deals is getting tougher by the day. But that’s ok, it just takes a little bit more hustle, motivation and dedication to get a deal done. So during these last few months, the number of offers I am putting in (more now since I am working with a partner), is around 10 a week. I always stick to the numbers, since math is non emotional. Have come to find many are getting rejected (not surprised since these offers are low for sure), but we keep putting them in. We have just completed our first marketing champaign around 1500 mailers sent out. We have also cold called and text about 250 or so numbers. So far I have gotten three leads from the calling and texting alone. The issue or not really an issue more of the problem set is this. 

With these properties I am recently getting leads on, is that they are more of a BRRR type properties. I make sure I run the numbers through the bigger pockets calculators and send this to the partner I am currently working with. He understands the numbers as well, but is more looking for the bang of the flips. Especially since I let him get his beak wet in this last deal, which he made $17K his half.

Every one of these properties I run all the scenarios that could play out. Can we flip them, rehab them turn key and sell to buy and hold investors, or can we just BRRR them out ourselves. I am wondering if I am trying to work into too many different folds of the game? I know that I am more than capable to run either one of these scenarios during the rehab, since in this partnership I handle all the rehab and dealing with the contractors and subs.

Am I trying to do too much is my question? I know that holding real estate is the way to build wealth in the long run, but needing to build capital in order to get into B class areas is where my goal is to be. 

@Charles Wisniewski anything to help out someone that is working where I grew up. Choctaw class of 99!

@Charles Wisniewski I am sure you have been told to be cautious of some wholesalers. As the good ones are hard to find. Good as in the terms as actually knows the cost of a rehab and ARV. There are good ones out there, but I have yet to find one. Just know your numbers and cost, and don't get talked into something you don't have a good feeling about.

@Ehsan Rishat thanks, will look in to it

@Nettles Mason yes that is one filter we are running, and also the pre foreclosure as well

Anyone here use prop stream to generate leads? Or can share how to filter more efficiently? Thanks in advance.