All Forum Posts by: Philip Furlong

Thank you all for the input in this. I think the main next step would be actually getting experience and keeping track of the numbers for the first flip. It would be great to be able to make money on the first one but I know the experience from actually doing the work will pay dividends in the future. 

I am trying to determine my upcoming expenses for a house flip and want to see what some other people are doing for fixed expenses? I am thinking my best bet is going to make an excel document that lists the primary costs for paint/floors/counters/appliances/etc. I am not a huge fan of just winging a project and would prefer to have a set process for the flipping process. Has anyone created their own internal standard operation procedure or do most people just keep this information stored in their head?

@Zach Wain thanks you for the insight. He plans to live in the property whether he does a conventional or FHA. I'm just noticing in this market it's difficult to find a good property.

Hey all, I am looking for a buddy that wants to buy a fourplex in the Phoenix, AZ area. He would like to use a FHA or conventional loan to buy. I am wondering where you all are look for off market deals of if there is anyone looking to sell any right now? His max budget is $510,000. I am a real estate agent and do have access to the MLS but right now there aren't many great deals I am seeing on there for him. Thanks.