All Forum Posts by: Lise Friis

I have done both with selling my investment properties. Really depends on the market. If you have a seller's market, then by all means try flat fee to list on MLS and hold your own open house. Stage to some degree. Advertise your open house everywhere - via MLS, Zillow, Realtor.com, Facebook, Craigslist, NextDoor. This IS ABSOLUTELY CRITICAL. Don't leave any possible avenue uncovered and almost all of it is FREE. I do spend a little extra to "Boost" my posts on Facebook so people in the area will see it on their feeds. Make sure your photos are excellent! I can't tell you how many investors put bad photos on their listings! Makes mine look better though, Lol...

However, in the Denver Metro area where I've been working lately (prior Southern CA) - I find that the buyer's market is shifting to a split market. Our seller's agent agreed to 2% fee if she finds the house for us, and for repeat business. At this point, however, our business has been losing $ on the last couple flips so I am preparing to get my real estate license finally, after 13 years of buying/selling properties without one.

Taylor, never sign an agreement to the buyers agent! You are under NO obligation to use them exclusively. We have an agent that sometimes helps us find deals. We never sign the agreement until the property is already under contract!

Agents will always try to get you to bid higher for a greater chance of the deal going thru & better commission. Therefore, not in your best interest! I am an investor and have let agents talk me into bidding higher. It has screwed our business...NO MORE!!

Thank you so much Jeff, I really appreciate it!

Fixing & selling homes is no sweat (well, unless it's a hot day) in the Denver Metro market. However, finding & funding them is the tricky part. Just finished Flip #4 - sold without putting on market to a party interested in the project. Here, even a lousy property with severe issues sells for more than we want to pay. We found 3 of the Flips just mentioned pre-market by word-of-mouth & still paid a little too much, but the last purchase/sale made up for that. Looking for flip #5, right now and so on. Still trying to pay down debt & get some cash for leverage & quick sales, which seems like it is taking way too long. Would like to buy wholesale, pre-market, auction, etc. but need the almighty cash. So far have used expensive HM loans - 9-12%. The lending firm I'm using promises me a better rate of 8.5% on the next, but it still robs us of a chunk of cash until the project is over. Ideally I'd like to find a LINE of credit of some sort. My credit is excellent, but of course being self-employed must go off my REI history rather than tax returns to borrow. Have 2 holds, and a history of several other successful flips/holds in CA. Any and all suggestions from experienced investors are welcome!

Hi Bill, we live in Black Hawk halfway down 119 to Nederland...we have been here 4 years & LOVE it!! Our current (to be closed in a week) flip is in Westminster...our last was in Aurora. Faster down on the front range :-)

Hi Kit, we live about a mile off of 119 off South Beaver Creek so we must be close to your property! We would love building references as next Spring we are planning to add on to the house!

I would head into PA - lots of up & coming areas there...check recent stats on homes in towns/areas in which you are interested - you might check Philly suburbs & Harrisburg if you are willing to go there.

Greetings, currently working fix/flips in the Denver Metro Area. Previously in California. At this time own 3 rentals in CA and 1 SFR (primary) in CO. Currently rehabbing 1 house in CO.

Wanting to purchase or buy shares in Multi-Family. In business since 2009, landlord since 2002, rehabs since 2005. Always willing to lend advice based on my experience :-)