All Forum Posts by: Robert E lunt

@Isaac Moore Thankyou for sharing that. What is that services name and roughly what is their monthly expense?

@Andrew LeBaron Thats great info, thankyou. Do you have the 1 week free trial info and what does the skip tracing primarily accomplish?

@Johnny Kang Wow thankyou Im in that phase myself. Trying to wrap my head around VA psychology and now I see so Im an agent in Florida and want to use one primarily for marketing to sellers (constructing and scrubbing lists) and rough evaluations of valuation and circumstances. I have no experience making training videos and they would most likely need access to my MLS. I know nothing about pay rates. I will browse their craigslist and see what they are advertising. Any pertaining info would be awesome.

@Shane Boyd fear of the unknown and its alot of physical risky work. Kind of like car salesman who cant change their own oil or never flip their own cars

2.5 years deep. Getting ready to close out my 11th flip. Rehabbing 3 more simutaniously. I farmed my own lenders at 100% of purchase price and rehab costs(3points, 12%). I have 1 rental trying to refi. Equity in primary. Investing pays all the bills for me, my wife and 2 boys. Ive bought every tool and learned every aspect of remoddeling. Im an agent with KW going for my brokers in October. Im now heavy in the learning and evolving phase listening to all the podcasts everyday and “cash flow quadrant” in hopes to sytemize better and scale up my rental portfolio. Ive been buying primarily from wholesalers but started sending letters to Lis Pendens, probate, tax liens and divorces. Looking for the best advice on an assistant for low cost as im trying to pay the IRS from last year and pay down dept to utilize bank funds more often. Ive been looking into automated software but every one of them Im sceptical about hidden costs and sharing my leads. Im growing but feel im at a pivotal point.

Im just over 2 years in the buissness. On my 14th deal. I have 4 projects running at a time. I use hard money for 95% of the costs, I typically only put in what Ive underestimated. Im on my 13th flip and have 1 rental (12% interest only) I am in the process of paying down debt to get a better refinancing rate and was kicking around the idea of selling my primary after getting approved for a bigger house for my wife and 2 boys, and then selling my primary to pay off my rental with the equity, firing property managment and collecting $1200/mo rent. Anyway Ive had my head kicked in 14 different ways and am starting to master a good portion of the flipping buisness, Im now a jack of all trades. I feel as now its time to take it to the next level and find my own deals as I have been primarily buying from wholesalers. I have a good network but I feel it could be better, Im in a hot market but the wholesalers are starting to really make alot of money without touching the properties and I feel I got the DIY experience I was looking for so Im now writing my own letters and about to start mailing them out today and Ive also looked into some online back office autopilot software that claims to generate leads for a monthly fee. Also Ive started to write my first book. Bigger Pockets Podcasts are 2nd to the Bible in my opinion and Im seeking some innovative opinions on where I might go next as to say Virtual assistants?, software or letters ?or most likely both? Portfolio lenders? Publishers? Hold my primary residence for a rental? Mentoring? All of the above? Etc.. Im starting to feel comfortable being uncomfortable and have had some pretty significant pitfalls but I always come out in the possitive through sweat equity and high demmand. Any feedback on my status would be helpful to me and Im sure many others on here.

@Omar Khan dont forget the autopilot software

Make sure you always have a signed contract with quote in future

Im a new investor/agent in the Sarasota/manatee FL looking at a project in Venice FL (flip). It's a big 2000 sqft deemed on county records a 2/2 but its a 3/2 and could be a 4/2. (Converted garage). Partnering with the owner to fix and flip it while he currently has a tennant in there that is helping fix the house. My remodeler thought it to have upwards of 60k in repairs. Cost is 100k and I feel like comps show $210 ish. I can contribute $5k cash, $10k credit, and sweat equity with demo and cleanup. Pro's- size, price, newer roof, solid foundation, potential, situation. Con's- wood frame, corner lot(busy street), needs siding, landscaping(grass and tree work), plumbing, kitchen, windows (5), base boards, paint, bathrooms, etc.. The seller/joint venture has a hard money loan on $50k. Does anyone have any helpful advice or critisism on this being a deal or not and how can I maximize my earning potential and minimize my cost-risk?