All Forum Posts by: Ryan Steiner

@Evan Polaski thanks for the input. I feel like that's common enough to see why I'd want to hold off. I guess I'm just anxious to get started, but felt like having assistance from people to check in would help

My question: Should I wait until I'm home in a few months to seal a deal, or start looking now to hit the ground running and manage a GC long distance?

Details: Im in Ft Stewart GA while I recover from surgery. I go home to Tampa on weekends, where I have already created my LLC and begun looking at properties for a fix and flip. I have the financing set, along with the key people needed, except for a GC which I am currently searching for based on recommendations. Once I have a vetted GC, I would like to begin making offers and get a property under contract to start a rehab that needs average cosmetic work (being my first flip). I have experience managing projects, but would only be able to visit the site on weekends. I would possibly pay friends and my realtor to stop buy the work site to oversee throughout the week when possible. I know this can be risky, especially the first time working with a new crew, and also not being able to spot check the site itself until the weekend. However I wonder if assistance from others might help mitigate this so that I dont have to wait 3 months to begin if I'm ready now.

Thoughts?

Thanks Jonathan! I agree, thats why I appreciated Davids post that outlined what was available for what Im looking for instead of just a quick plug.

Do you happen to have a cost breakdown you'd be okay with sharing? 

I think one major barrier to us newbies is the fear of vastly misreading the rehab estimate, and getting in over budget and over our heads. Here is my request that I think would help lots of people by using real life examples.

Would anybody (preferably multiple people) be able to send before/after examples of average houses they have flipped with enough pictures and description for a beginner to try estimating the rehab cost? Then perhaps a separate page showing the actual rehab. This would allow us to see how close we are getting and eventually build up a person's confidence to pull the trigger on an offer.

I know this would help me, but any other suggestions are greatly appreciated!

I guess it depends on your assets too. Do you have any cash you can use in emergency? How long would the rehab take, and have you calculated how much it would appreciate the property? I guess you could do that and try the BRRRR strategy to pull out the new equity. Do you have any debt?

I think one major barrier to us newbies is the fear of vastly misreading the rehab estimate, and getting in over budget and over our heads. Here is my request that I think would help lots of people by using real life examples.

Would anybody (preferably multiple people) be able to send before/after examples of average houses they have flipped with enough pictures and description for a beginner to try estimating the  rehab cost? Then perhaps a separate page showing the actual rehab. This would allow us to see how close we are getting and eventually build up a person's confidence to pull the trigger on an offer. 

I know this would help me, but any other suggestions are greatly appreciated!

I know most of our posts can be serious, especially with so much risk involved.

Does anybody have funny stories they've experienced either working a deal, at the job site, or just in general with real estate?

I'd love to hear your best stuff!

@Anthoney Hanks thanks so much for the warm welcome! I'm getting so much valuable information every single day. Even compared to a month ago I feel light years ahead just from the J Scott books and BP community.

what I've seen here in the tampa area is that many RE agents that invest are very open to answering questions if they feel it will help you be their next customer. I just had a long talk with someone local who was willing to answer the things that will seem obvious to me a year from now. I would say keep reading and asking the hard questions. Feel free to message me and I'll send you the *rough* draft of the document im using to figure out the process to getting a place flipped.