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All Forum Posts by: Thomas Manuel

Thomas Manuel has started 14 posts and replied 67 times.

Post: First Rehab Under Contract!

Thomas ManuelPosted
  • Plano, TX
  • Posts 77
  • Votes 19

congradulations! I just finished my first flip and it was 2500sf, I personally did not give the size a second thought since I believe it was priced right.

Post: seeking a new rehab deal

Thomas ManuelPosted
  • Plano, TX
  • Posts 77
  • Votes 19

I'm just about ready to tackle my second rehab for another fix and flip, if your in the dallas area and you have a great deal your looking to assign or to sale please let me know.

Post: buying and selling notes

Thomas ManuelPosted
  • Plano, TX
  • Posts 77
  • Votes 19

I am thinking of buying and selling notes, but I only know a little about it at this time, any good advice, suggestions or help out there? please let me hear from you.

Albert I wish pools did the same thing here, but I think I am going to give it a try with the pool.

You guys all have many good points and given me a lot to think about, I really appreciate that. I am now strongly considering giving it a try with the pool in place.

thanks Jon I appreciate that

thanks Michael, you know I thought of doing that, my only concern was if some bought it who liked the pool, they would be looking for that fill in money in the form of a price reduction to them.

@Jon Klaus, it will cost about $3000 to make the pool ready and twice that to fill it in and resod. It looks like less than 10% of the neighborhood have pools. How long did it take you to sell yours with the pool?

I'm doing my first flip here in Texas, and I have a pool which all of the investors that I have spoken with say to fill it in. They say it will take about two months longer to sell and I would only get about $2000 more for the house. One of the investors even said that he has flipped homes in this particular subdivision and that he had to fill his pool in because the people over there did not want them. Now all of the realtors that I have spoken with about it say I should keep the pool, it will appraise higher and that it makes no sense to spend money of filling in a working pool. I would appreciate some feedback from you guys on this one please.

congratulations! I'm about 3 days into the rehab on my first flip.