All Forum Posts by: Suzette West

Hello! I am a seasoned full time investor in business since 2002, currently fixing and flipping single-family properties in Kitsap County. Looking to connect with other local full time real estate investors throughout Washington State for networking, doing deals, finding deals, learn crowdfunding, learn capital raising strategies, expanding business opportunities, etc. 

Let's chat and meet for coffee! Let's do some deals!

If there's one thing I have learned in this business is that our Net Worth grows in direct proportion to our Network. I'm ready to grow my business to the next level! If you are too, then let's do this! I want to see 2017 to be the best and brightest year or all involved! 

Hi Tony! Congratulations on your successfull BRRR strategy. I have a question for you. What kind of financing did you get on your second loan closings? Thanks so much!

Excellent! Thank you @Ryland Taniguchi and @Candace Berry! 

Hi all!

I am looking to hear from peers who successfully transitioned from fix-flip to a Buy-Rehab-Rent (BRR) model. Specifically, I would like to know what strategy you used to purchase your first BRR property with none of your own money. Thanks! 

Thanks for all the feedback! 

HUBZU will not allow you to make an offer below the minimum acceptable offer, aka. the listing price. I think this is bull****

Just my 2 cents. 

Buyers should be allowed to make their best offer even if it is lower than the listing price.

Thanks for the insight, Tim. It would seem practical that a wholesaler would roughly estimate the repair costs, and a rehabber would nail down their own repair estimate based on the scope of work they think is best. With all the design options that are available, and the wide variation of costs associated with all the different products and materials that can be used to complete a rehab, it is not reasonable to expect an accurate repair estimate without knowing exactly what a particular rehabber thinks must be done to make the house market ready; including product quality and grade.

Unless one is planning to do the repairs themselves, it makes sense that to get an accurate estimation of rehab costs, it would require obtaining bids from a licensed and bonded contractor.

With that said, should it be the wholesalers' responsibility to bid out the repairs of a project in order to obtain accurate repair costs, or does the responsibility rest with the rehabber?

Also...

Since every rehabber is an individual, and every individual has their own idea of what they would like to do in a rehab project, then wouldn't it be in the rehabbers' court to define the "Scope of Work" in to obtain a more accurate estimation of repairs?

Thanks,

Hi Kristine,

You make a great point about wholesalers having a list of buyers to call, as opposed to advertising for them; and contacting an attorney to understand how to advertise an equitable interest for sale within the confines of the law.

Very good advice! Thank you for sharing.