All Forum Posts by: Shayan Sameer

Hey Investors,
Hope you’re all doing well!

I wanted to reach out and get some advice from you guys. I’ve done a couple of fix and flips in Georgia in the past, but now I’m looking to explore the Florida market. I’ve been searching for a solid fix and flip deal in FL for a while now, but haven’t found anything yet that looks like it would generate a strong profit.

There’s an investor/agent I’ve been in touch with for the past 6–7 months. I usually run properties by him and he gives me feedback, comps, and general insights. He does his own fix and flips as well, so he knows the game.

He recently came to me with a deal and asked if I’d be interested in investing with him. The numbers look like this:

• Purchase Price: $290K

• Rehab: $65K

• ARV: $440K

• Holding Period: ~4 months

• Funding: He’s using a hard money loan and is looking for a $65K investment from me.

Now, my question is—what kind of return should I be expecting or negotiating here? Should I go for:

• A fixed return amount?

• A percentage-based return?

• Equity/share in the project?

What’s typically fair or standard in this kind of partnership, both from a legal standpoint and to protect myself?

Appreciate any thoughts, suggestions, or red flags I should look out for.

Hello BP friends,

Hope you’re all doing well!

I have a quick question for the group — I'm looking to get back into BRRRR or fix & flip projects and was wondering what states you all think have good potential right now?

I’ve done a couple of fix & flips in the Atlanta area over the last few years, and recently started exploring the Florida market. I’ve been focusing on South Florida, but I’m having a hard time finding solid deals — especially anything close to the 1% rule for rentals. On top of that, finding a reliable GC has been a challenge.

Lately, I’ve been hearing that Tennessee and Ohio might be good markets for both rentals and fix & flips. I’d love to hear your thoughts — are those worth exploring even if I’m not local? My main concern is managing the project remotely and trying to find a trustworthy GC in a new area.

If anyone has experience in those markets or has recommendations on where to look next, I’d really appreciate it!

Thanks in advance!

@Account Closed DM me and we can connect and go over the details.

I need a contractor for a fix-and-flip deal. Please DM me if you know anyone.  

Not sure where to post this. If you guys know anyone, please DM me.  

Just sent you a message.  Let’s connect soon.   

Hi BP Team,

Hope you’re all doing well!

I wanted to get your advice on a fix-and-flip project I’m considering in the West Palm Beach area. The property was listed as a probate, so I had to go through my agent. It was originally listed at $599K, but I was able to negotiate it down to $495K.

I connected with my GC, shared the pictures, and he estimates the rehab costs to be around $80-85K. Based on my analysis, the ARV looks to be in the $720-740K range, and after running the numbers, I anticipate a profit of about $40K including all the junk fees and agent fees.

A couple of things I’d love your input on:

1. Do you think it’s worth getting another quote from a different GC?
2. Would a DSCR loan be a better option than a hard money loan for this project?
3. Do you think this is a deal I should consider?  It's not a 70% rule deal.  

Appreciate any insights you can share. Looking forward to your thoughts!

Hello BP Members,

I hope you're all doing well!

I’m looking for some advice on a fix/flip property that I purchased with two friends almost two years ago. At the time, we were new to the market and, admittedly, didn’t conduct thorough due diligence before buying.

We purchased a property in the Atlanta area, renovated it, and listed it for sale. Unfortunately, it sat on the market for about 6 months without selling. Since it was over 12 months with my HML, I ended up taking the property under my name with a 30-year conventional loan. Since selling wasn't working out, we decided to rent it out. However, our tenant turned out to be problematic—late payments, issues that led to an eviction, and additional repair costs before we could relist the property for sale.

Now, after months of making mortgage payments out of pocket, we finally have an offer. However, to close the deal, we each need to contribute an additional $7K. My two partners are willing to pay their share, but they’ve also offered me the option to take over the property completely since the loan is in my name.

Here’s my dilemma: If I keep the property and rent it out, I could get around $2,300 in rent, but my mortgage is $3,300 at a 7% interest rate. That means I'd be covering a significant shortfall every month. Would it be wiser to sell and take the loss now rather than continue dealing with this financial burden and uncertainty?

I’d love to hear your thoughts on the best course of action in this situation. Any insights or suggestions would be greatly appreciated!

Thanks in advance!

 @Alissa Anderson sure.. please DM me. 

 Send me the info pls..