All Forum Posts by: Timothy Brillant

Some of a camp project we worked on. 

Michael Webster might be able to help you out 

I just think of cars as a negative asset, yes they can appreciate if they're speciality vehicle like you're looking at. My family owns a car dealership, I love cars and if I could do it over again I would ... When I turned 18 and wanted to have the nice cars... I seriously lost over 100K in new cars in 1 year... yes... 100K .... Looking back, I think of how that 100K would have been 200K + now if I had invested in houses vs cars... So I guess thats where my thought process comes from. Why not do a mortgage for your downpayment and have the owner finance the second? 

Most banks/credit unions will not loan on a vehicle that is over 10 years, some might but the rate of interest is high. If you can get approved for a $150,000 loan on a vehicle, why not just apply for a Mortgage on a property you're interested in? I would think that way you're not tying up "45K dead money" to get a loan? 

I'd be interested in meeting up too! My partner and I used to flip houses in Maine and have just started getting back into it. We have only done 7-8 but are excited to get back into it. We own a retail store in The Old Port and are looking to add more challenges to our plate! We are actually working on making an offer on one property now. Would love to network!

Tim

Thomas,

Sounds like you got a great start! I used to flip and currently am just getting back into it. My partner and I have a retail store in the Old Port and are looking to start flipping again now that we have built a foundation and don't need to tend the store daily. I think I'd say don't be afraid but be educated. I'm looking at one now in a "new" market for me, I'm not used to the area so I'm being over cautious in making the jump. I would say that watching tv flips are so not your typical flipping as I'm sure you know! I always love to watch Flip or Flop, I have yet to see a "flop" and I love how that 9 out of 10 times they go in with comps being X but when they run into problems and spend more on the house than they planed when they recheck those comp the values have always gone up. I haven't had it work that way for me yet. I know my second flip I made 60K in almost 30 days, so far thats been my best flip so far... Most are between 20-35K but I don't usually tackle "huge" jobs. I'd love to chat and talk shop if you want! Texting or email works well too! 

Administration, Accounting and Scheduling would be a huge HELP!!!!

Thanks for that Information Chris!!! I was looking for more information along the lines of procedures, I guess you wouldn't call it automating that was a poor choice of words, I'm trying to find others who can share information how they went from a one person operation to more and what they delegate and how they check and balance that.

Can some of the seasoned and newbies share some insight how they have automated their business, I'm looking for ways to grow without hiring another person on at this point. We're looking to expand and grow but have hard time with the policy and procedures to set us up to be ready to hire the employees. Thanks in advance for any help!

I don't know what you're offering them, I know as an investor I purchased a house in Fort Myers.... Very cheap and it's extremely clean with out needing and rehab.... I paid 53K for it.... I've had it a few years and I got one of those yellow letters because I'm one of those snowbirds who use it 3 weeks a year..... They offered less than what I paid for it a few years ago, I called the realtor asked her to do a "low" CMA... She came in at 85K .... I think to get the attention you must be making fair offers (which you might be) ... Usually money isn't an issue or motivator for a snowbird unless it's a really good offer... That's just my opinion ....