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All Forum Posts by: Peter Mckernan

Peter Mckernan has started 61 posts and replied 2351 times.

Post: why would this happen in the garage?

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

I would prep the whole area, take off the old paint by scraping the ceiling and then prime it and then paint. 

Post: Live and Flip Financing

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

Live in flip? I would do as little down as possible to use the rest for fixing up your property. Also, that little down should also give you the payment you are comfortable with as well. 

Post: Fix and Flip in LA

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

I'm in Orange County, and I'm here to connect on flipping in SoCal and LA.

Post: Property Manager Pet Policy

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

Those are pretty normal on the charges for the range. I would suggest confirming if that is a going rate in the area for a non-fundable fee for $350.00 That is high as it is non-refundable. 

Post: Who in BiggerPockets flips houses and/or wholesales?

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

When I find a deal I will flip it or wholesale it when it is off market. My main business is retail, but at times I will flip a deal or wholesale it. 

Post: Fence company in Cleveland recomm

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

The price people were giving 2-5 months ago are different from today's numbers on materials. I would just get some local contractors/fence companies to get you bids in todays numbers. 

Post: Fix and Flip Insurance

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

I would talk to local investors in your area (state). There are fix and flip/rehab insurance brokers, and as anything shop around to find the best rate! 

Post: Am I too late to the game?

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

No! You should listen to Bill on Old Dawgs REI Network, he was in Orange County and recently moved out of state. The guy started investing at age 58! He got to 1,000 units from 2016 to 2024... He ran a podcast for years and focused on people over 50 then opened up the investment base for listeners to get to hear other stories, but great for you to listen to!

https://podcasts.apple.com/us/podcast/old-dawgs-rei-network-...

Post: How would you handle a tenant asking you to remove your shoes?

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208
Quote from @Sami Gren:

I would remove the shoes..  

Post: Each unit of duplex with different PM,How proceed with insurance additional interest

Peter Mckernan
#1 Rehabbing & House Flipping Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,407
  • Votes 1,208

This is common, it just depends on the policy for the PM company. Some want to be on the insurance policy  for ease so if there is a big leak they can communicate without having to go through you/owner to reduce the game of telephone. Side note I do agree with not having multiple PMs, I would just have one PM company managing one property.