All Forum Posts by: Nicole Pettis

@Jack Arnold 

If your car is the ONLY debt that you had, I would get rid of it in a heartbeat! Get something that you can afford and won't hurt your cash flow. Your car shouldn't be more than 50% of your yearly net pay. Meaning if you are making $20k a year, your car shouldn't be no more than $10k. 

Trust me getting a cheaper used car will not cost you more in repairs than what you are doing now. As DR says the first baby step is to put away $1k as an emergency fund and then you might want to add another $1k to cover maintenance costs of the used car.

If you really truly want to get into REI then you need to make the sacrifices that it takes to get there.

Hope this helps!

What @Michael Henry said...@Jason Bott knows his stuff!

@Jack Arnold 

Being that I'm a big Dave Ramsey fan, in my opinion I would pay off your personal debt first, then invest. As you know he teaches you to focus on one thing at a time & just get your debts paid off. I know $18k seems like a lot, but it wouldn't be that difficult if you followed his strategy. 

Work two jobs, sell stuff. Do whatever it takes to pay off that debt as quickly as possible. And while doing all of this educate & learn your market. Get a plan together. Don't overwhelm yourself. But just get it done. You'll be glad you did:) 

@Kyle Rosseau 

Such an exciting time! I definitely recommend getting J Scott's book on flipping houses and rehab costs. Both are amazing, however the rehab cost book will help you with your bids and scope of work, because J does a great job of laying out average costs. It was a huge help for me when we were getting bids on our property. It can be found here:

http://get.biggerpockets.com/flippingbook/

As for design. As everyone has said, research. Research magazines, get on Pinterest, get on Houzz. Follow some home decorator blogs(I personally like Jones Design Company, The Inspired Room, Decor8 just to name a few) those have the most information and you are getting in touch with what the market wants.

Here is my REI board on pinterest.

https://www.pinterest.com/nikkib123/rei-rehab-idea...

Popular neutral paint colors are "Graiges" they are gray based colors. Subway tile is making a big comeback, along with white and marble. Obviously granite, stainless steel and hardwood floors will always be popular. To keep things easy, many flippers use the same paint color throughout the whole house. Bennington Gray and Stonington Gray are probably the two top colors for stagers, but there are many others that work just as well:)

Great success to you and hope to see some of your projects on BP!

Nicole

@Andrew Cordle 

Another moral of the story shows how imperative it is to surround yourself with a great network of people that can help you these these kind of deals! Whether their great acquisition partners or investors. Whatever the need may be, having the right network in this business is important!

@Account Closed 

Happy Sunday! I've been a graphic/web designer for the past 15 years and I would love to talk to you about your design needs. Please PM me if you are interested. 

Thank you!

great job @Andrew Cordle & @Jay Hinrichs looking forward to following this deal! 

@Hernan B. 

Hi! Unfortunately not at this time. Please sign up on Meetup.com and that way you will know if we make any changes or add another meeting through out the month. If you have any questions, feel free to reach out to me.

Thank you!

@Zach Cropsey 

Welcome to BP! It is a great community with some fabulous people. There is so much great information here just about everything you want or need to know about REI.

Looking forward to meeting you at the next meetup.

@Javonni Butler 

Welcome to BP! Looking forward to seeing you at the meetups!