All Forum Posts by: Sean Hill

@Mashika Patrick Not sure about your State but I have one that is MLS under contract as we speak. It was a distress property. Asking 25.9k. I put in offer with my realtor at 13k ( it actually expired twice before, thats why I went so low). Gave 300.00 earnest money, Signed ISAOA under my comapny name when we signed. I already have a cash buyer I work with) offer is for a cash deal 45 days. But I wont need that long. My buyer has been in and completed rehab numbers. I have an escape clause if something unexpected pops up on inspection ( so I dont loose my earnest money). Assinging to my Buyer at 20k. Its worth 85- 90 ARV. Ots in an ruff area the city is currently Gentrified so the value will Blow in the next 3 years..Im making a quick 7k then on to the next...It can be done if contract and buyer are done correctly.

@Adam Higginbotham The best thing you can do is start with a firm budget. If the deal doesn't fit, if the numbers dont fit your profit margin ( generally using the 70% arv rule), Then move on....The profit is made on the Buy, Not the Sell...Buy smart in the begining..Know your own numbers, not rely on others, its your risk, not theirs.

@Cameron Strong...If it's legal and the profit is worth the effort...its a good flip, Tennant or not..Next, use the Seller of the property to get you in for inspection. He/She is motivated to sell, let them tell the renter what day and time you are coming..They will prep the property for showing themselves..See if you can get the renter talking during inspection. They will give you inside info onto the property and the owner alot of times.....Good Luck!

@Yolanda Eiland..Couple things..Verify the repairs needed. If may be something that prohibits her from listing it on the MLS. You will also get to the point in the deal where you have to meet her dad ( signature purposes on the contract)...Have a list of questions ready for him BEFORE you all sign. Lastly, If you havnt already, You need to establish a better reported, a better relationship with your buyers. There will ALWAYS be wolves coming for your food, Buyers in this case...If they understand the you do good, fast and profitable business, That YOU make them consistent money, they will learn YOUR value and thus, turn down alot of the sort term, flashy money.....