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All Forum Posts by: Ryan Engels

Ryan Engels has started 1 posts and replied 5 times.

Quote from @Nathan Harden:

Sounds like you are looking for a cosmetic flip. What areas have you been looking in? I saw someone on here post something about cancelled/expired listings, great idea! I have found that door knocking is rather challenging right now because if someone has a low interest rate, a lot of people have a hard time giving that up. If you can find an off market deal from door knocking, driving for dollars, mailers, etc. More power to you!

Thats why I think you will have better luck with cancelled/expired listings because at least then you know that the seller has been at least considering selling recently.


 Looking in North Tacoma, parts of Central Tacoma, Downtown Puyallup, and parts of Sumner. Have you had any experience in our area with flips?

Quote from @Cole Strachan:

Hi Ryan,


A lot of deals can be found off market as well. Have you tried searching for failed sales? Or done any door knocking? I’m a realtor in Gig Harbor, shoot me a message if you’re looking for any help!


 I have knocked on doors, had conversations with elderly that are interested in selling down the road, but these have been random experiences. I haven't gotten anything to the point of making an offer (yet). I'll send you a dm!

Quote from @Account Closed:

Are you a contractor? A builder? A realtor at least? What is your angle to compete against the others in your local area who do this professionally?


 I am flooring contractor, but I end up being the general contractor on most projects. We specialize in kitchen and bathroom remodels, but I personally am not the one doing the work. We hire out all the labor.

Thank you for the response! I will start looking at older listings too and see what I find.

Hey There!

I am new to real estate investing, and looking for advice on getting into it. I am interested in fix and flip, because I work for a flooring company (we also are the general contractor for many projects), and I have access to many skilled people, products, and I have some skills myself that relate to rehabing a property. I have toured 3 houses, ran numbers on what I think it will cost to renovate, and what I think the after repair value will be. Granted, this is rough numbers guided by no experience on the matter, but I do have a realistic idea of what things will cost. I have access to get flooring at close to no cost, countertops for half (if not less), cabinets discounted, and tile at/or below cost. I have only looked for properties that are listed on Redfin, and I feel like I am missing the good deals. I believe I know the market of my area fairly well, and have narrowed my ideal area to invest in, but I feel lost and don't have clear guidance. 


I am open to any thoughts and suggestions. I love the idea of anything real estate, but haven't had a clear direction of which route to pursue.


Thanks for the help!

Ryan Engels