All Forum Posts by: Scott A.

 Am not talking about heirs... I'm talking about divorced couples, maybe desperate folks out of work,etc.  iif I buy houses signs don't work why do I see so many?

If hard loans/ loans are the wrong way foe Flipping then why are so many flippers using them?  

What is your solution for Flipping houses to find good property deals?

Hi, I am searching for my first good flip deal: A Single family residence to rehab and flip.  

I don't got the cash so I will use Private money loan at 12% interest (its a company not a guy i know).  I know about auction sites, county auction sites but i don't got the cash for that to pay within 24 hours.  I figure targeting distressed sellers this way might be good enough to get me my first flip at a price 60-70% below market value.  

How I will find my special property:

1) To find my good deal i will call upon local obituaries.  I will use a little pitch carefully crafted to not giveaway that i found the property from an obituary... feel out for distressed seller signs.  If there is something's there I'll work to close the deal with my private money loan and get my house for 60-70% below market value and flip.

2) I will also put out little i buy houses signs in areas i want to target - like 10 signs.  The phone number will send them to a Google voice carefully crafted voicemail to pre-qualify.  Legit prospects will leave a msg and get further qualified by me and closed so I get my house for 60-70% below market value and flip.

What you think?  Sound good?

Hi, i've been studying house Flipping for many months now, trying to work up some balls to do this. I would do a hard money loan. I got houseflippingspreadsheet program for cost analysis. I don't want to get into something where only top 1% make 25k per deal. Is it likely I can make real cash at this: a minimum 25k ROI for a 6 month hold? Or only top cream of crop get that return after years of experience? Experienced flippers pls let me know. I'm looking for my deal in 15 mile radius of pasco county Florida.

Why don't you buy a house plan online that you like and build the home yourself?  You can just give the plan to a home builder... if you need to make adjustments, they will help you redesign.  This way you start with kind of a template that you can mold however you like... and it's brand new.  Hope that helps.

I have a bit of a dilemma and would like help thinking things through.  I want to build wealth. But this is easier said than done. We have a newborn baby and are in a position that we need a new home within the next two years. We have already saved up $50,000. We could either put that money into a new home for ourselves because we have a baby and need the room or I was thinking we could invest that money and flipping a home or doing a few rental properties maybe via tax deed sales and Rehab  them? We do not need to move into a new home  for at least two years while our baby is small, he can sleep in our bedroom. This gives us some time  to think  and maybe make some money.

1 strategy I am thinking is find tax deed sale or auction home. Then rehab, and sell or rent. The other strategy is the same thing but convert the tax deed sale home into a Section 8 home and rent it out. Maybe this is a foolish plan I have no idea, I've never done anything like this.

Thanks in advance for anyone coming in and offering up help.