All Forum Posts by: Victoria Bonhomme

Jon Holdman 

Jay Hinrichs

Thank you for your advice. The only reason I even consider that house as a flip was because I know the family and they said they are ready to sell, but didn't want to do anything to it. They did agree to owner financing if I wanted to fix it. That's why I decide to do a little research my self and see what its really worth. The problem is they just want too much for it in as-is condition. I tried to explain them if they are going to list it, its just gonna sit on the market, so they either have to drop the price or do the repairs them self. They are not really motivated and if they wont get the price they will just rent it out. End of the story, moving to next one :) Thank you all for your help!

Thank you for your answers. I just have to pass on this one and do not jump on something, I know nothing about lol. 

Hello BP nation! I need your help! I am having a trouble to price this view. My first rehab project is happens to be an old million dollars house with a $????$ view in Palm Springs, CA. There is a very few houses around here with this kind of view. Most recent sale with the view was in April: that house was completely remodeled, but was a 1000 sqft smaller and was sold for $474  sqft. Another remodeled house was sold in August for $303 sqft, but didn't have any view. The owner of my house want $350 for one sqft. which leaves me the approximate $125 a sqft for rehab. The house is 2920 sqft , so increase value could be $365,000, right? The house needs some work to bring it to the Top 10 value. If I spend $100K on rehab and $100K on closing and commissions, I still could profit $100K to $165K. My question is: does the View really increase the value or its a house it self hold the value? The other houses in perfect condition, but without the view selling for $400-$500 even $600 a sqft. If I make my house perfect could I price it more than $474 a sqft? Any advice? Please help! Thank you all!

Hello!

I am trying to become a wholesaler in Palm Springs, CA. I am living in town. I am probably too late with my reply and you already found out everything that you need to know, but if you still have some questions I can try to help.

Well, this is my very first post. After months of reading and learning, it is time to finally start participating and communicating. I like this thread, its inspired and motivated  me to kill my fears and just do it. So here we go:

Send out 64 yellow letters, repost Craigslist ads, create 12 handmade bandit signs for tomorrow, had lunch with my friend, who Is studying RE and she will be my agent. Talk to my husband and explained him what do I want in the website he is going to create for me, read BP and found this thread. Finally decide to post, going to do some more reading.....