All Forum Posts by: Shannon McKenna

Nice! Good luck Diane! Keep us updated!

@Travis Dawson thanks! I think you're right... can I ask my real estate agent for her number? 

(I know this sounds like a dumb question, but this is my first deal, and I am trying to be an honest and forthright in all my practices. I don't want it to appear as if I am trying to do a deal outside of my agent.)

Hey Bigger Pockets Family!

I recently posted about not being able to get conventional financing because I cannot prove "stable income" (I have a pretty unconventional job/life style. But I have solid credit, and a good chunk of change for a down payment.)

However, I am still searching for houses, KNOWING that if I find the right deal, I'll find the money. 

The other day, I saw a house where the seller is offering financing, however, I still need to be pre-approved for a conventional loan before I make the offer.

The owner is an investor, never lived in the house, and I want to know more about her. Is it totally uncouth to go to the courthouse and find the records to hunt down this woman, explain my situation, and try to hear hers? Are there better ways to reach her that don't make me look like a stalker? What do you all think?

@Christopher B.

Rockstar response. I totally hear you. Thanks for the feedback. It's better to know a weakness and account for it, then discover it through folly for sure. 

@Mike B. This is a great list! Basic, straight forward, totally helpful. Thanks for your contribution, I appreciate it. 

I lived in Philly for a couple of months- Germantown area. I loved it! If you were in Atlanta, I would bring you along as per Terrell's suggestion!

@Christopher B. Ugh- the harsh reality of trial and error! I guess my real fear is that I'll buy something that I think is a fixer upper, only to realize it belongs more in flip land. How do you distinguish between the two?

@Terrell Garren Thanks for the reply! I think bringing my mentor along is a great suggestion. 

CONGRATULATIONS! What are you gonna do with the rest of your life? Cure cancer? Fly to Mars? You can do anything! Way to go!

Hello Flippers!

Here's my story: I'm new to the real estate game- just establishing my funding and obsessively farming an area in my city that I KNOW is going to kill it in the next 5 years.

My strategy is buy and hold, with my first property being being a house hack, and my plan is to move into a place that isn't turn key- something I can build up myself (I'm young and able bodied, and I wanna do it) or with the help of some light contracting.

I ran in to two potential flippers walking through the same property. Listening to them talk, I feel like they were searching for trap doors. They were knocking on walls, jumping on floorboards, and had a mess of concerns I didn't even fathom. 

My question is: What are the top 4 things you flippers look at when you're walking through a property? Do you have a checklist? 

As far as this specific property goes: I have no interest in it. It's half baked craftsman with a floor plan that left me scratching my head as to how anyone could call it a three bedroom.

@Michael Cohen Oh, awesome, thanks for that clarification. I think I finally found a guy who will work with me!