All Forum Posts by: Roland Paicely

@Darren Lenick is correct.  Basically, it is entertainment.  Although, there are a few bits of useful information from them.  But not enough to be the foundation of your business.  When you watch you'll notice that there is always drama between the flipper and the contractor or partner or someone else.  They always have unexpected 'major' problems arise that will cause the flipper many sleepless nights.  Yet at the end of the show the flipper walks away with $30K-$60K for a few weeks/months of work and it's on to the next "scary" flip.

To a certain degree it depends on the type of Listing Agreement the firm has with the seller.  There are some agreements that allow the seller to sell the property without paying a commission.  Keep in mind that most listing agreements are not set up this way.  My question is have you done research to determine the market value of this property.  Why is it listed for $165K when you had a conversation with the owner and can buy it for almost half of that.

Your most effective path may be to find an experienced wholesaler and partner up with her.  It can cut your learning curve while you make some money.

Is she looking only to get out of arrears or doe she want more than the $19K?

@Reggie Carter feel free to PM me.  I'll walk you through it.

That's very surprising that your fellow investors will not share their attorney. I'd consider that selfish and insecure. I've found attorneys a few ways. I've gotten referrals from other investors. I've used lawyers from the local REIA. I've also had success by googling real estate attorney in my city

I'd say usually the buyer.  However, local customs would probably dictate that.

@Reggie CarterIf I post a deal today.  I will get calls tomorrow, at the latest.

@Reggie Carter When I get a property under contract.  I put it for sale by owner with some info about the house and that I'm looking for a cash buyer.  I always get interest.

There are those that say that someone that is investing as a buy and hold will generally pay more than an investor doing a rehab flip.

Regarding estimating repairs.  I'd pay a contractor to do that.

For buy and hold there wouldn't be an assignment.  In traditional wholesaling I do an assignment.