All Forum Posts by: Stanford Neal Mead

@Collin Schwartz Awesome stuff, brother! My wife and I are currently evaluating a 9-unit MF in my old hometown. Maybe we could get some advice? I’ll pm you, keep up the great work man.

@J Scott thanks for the reply. This gentlman is a fellow flipper who also happens to have a wealth of construction experience. He does really nice work based on what I’ve seen, but I do have some concerns similar to what you have expressed. As far as the location of the flip, contractors are pretty hard to come by in this area... so it might make sense to have a contractor who is invested in the flip as a partner. You’ve given me some great points to think about, much appreciated.

@Jerry Galloway I have limited experience with wholesaling myself, but one thing I‘ve learned is that wholesalers work their tails off to find deals - which often means spending a small fortune on advertising. If you don’t have a budget for advertising, then the competition will be fierce. Is it a legit way to make money? Absolutely 100%, just gotta outhussle or outspend the other guys.

Sorry for the wall of text, apparently formatting doesn’t work on the mobile app.

Hello! We’ve been approached by a potential partner for a flip we are considering. My wife and I are still relatively new to this business, and we want to make sure that we’re taking all of the necessary precautions to protect our best interests. We met this gentleman at a property auction. He invited us to come see his current project. I offered to wash and paint the exterior, and we came to an agreement on price. There was a bit of miscommunication along the way, but it was primarily due to technical difficulties - he is admittedly not good with computers. We have since been to a couple REI meetings that he has hosted. We have slightly different communication styles, but the guy has a construction background which could be extremely beneficial. Our knowledge of construction timelines and costs is limited. WHOA, thIs post got away from me. My question is, how do you determine whether a partner will be a good fit? Once you make that determination, how do you set up the contract(s)? He has suggested that if we buy the property, he will handle the renovations. Thanks BP!

@Cherie Orellana please add me to your email blast for multi family listings (I‘ll pm my email address). Nice to meet you!

@Karen Rittenhouse Thanks for taking the time to reach out. We have been working very hard on our online marketing (Carrot website, Facebook, Google Business). Our SEO is improving, and we are currently setting up some PPC. I would much rather have hot leads coming in than have to chase them down. Nothing against that strategy, it’s just not for us. We have also been reaching out to wholesalers and agents more in recent weeks. The leads are starting to emerge!!

@Justin R. Thanks for the reply. We are currently focused on flipping to generate revenue and additional investment capital. Our long-term plan is to buy/hold multi-families. Utah is extremely landlord friendly according to my friend who is an eviction attorney.

Greetings, BP Community! My name is Stan. My wife and I just moved back to our home state of Utah. We had been living and semi-investing in Washington State until recently. We moved back to raise our little one (soon to be little ones) closer to family. We have two flips under our belt - well, technically three if you count our “hacked” duplex live & flip that we just sold in August. We are looking to go full steam with flipping, BRRR, and maybe even some wholesaling if the opportunities present themselves. We could really use some friendly advice on how to proceed with our business. We have been hyper-focused on networking, online marketing, team building, and attending local REI meetups. We have also been soaking up BP podcasts and webinars like crazy. Any pro-tips for a couple of hungry investors...?

@Danny Johnson she did a great job. My wife and I really enjoyed listening to this interview. We learned a ton of great info, and the timing couldn’t have been better. We are on the verge of launching our online marketing campaign. Any more tips or resources to share?