All Forum Posts by: Heshel Mangel

Awesome review @Jason G. , thank you!

Did Roofstock cover the plumbing certification because they failed to disclose that in the original inspection report? How can you protect yourself from similar things happening on future properties?

I am currently on day 3 of the 3 day workshop. Went to the free 2 hr seminar shortly after I got interest in RE and knowing it was a sales pitch, they still lived me into paying 197$ for the 3 day workshop. I looked at it as an opportunity to learn some more concepts and ideas especially in terms of business structure, legacy planning, and taxing. 

I knew they would try to sell me on the mastery program and had no way to pay for it so I declined. Can it be usefull? I'm sure. But there's no easy way outs in life and at the end of the day, I'm gonna have to learn by trial and error. So why not put that 50k towards a deal right away? 

No knock in the program and the benefits. Just not for me. 

My advice: Learn through hard work, dedication, and networking. 

Yes, it is allowed but I wouldn't get the EM back, correct. So my question is, it is even worth the time and money to do it. Especially knowing that I can't even get the utilities up to do a proper job. Or maybe just a walkthrough with a GC is adequate? 

Thanks!

I am wondering, If I go under contract to buy a foreclosure property in "as in" condition, and no contingencies. Does it still make sense to have an inspection done prior to closing? Even if there were unseen damages to the property, I still can't back out the deal. 

What would I do if the utilities are off, how to do the inspection then?

If yes, can an experienced GC tell me just as much as an inspector in this case?

Thanks!

Investment Info:

Single-family residence fix & flip investment in Cincinnati.

Purchase price: $81,000
Cash invested: $10,000

SFR in a hot deer park market. A house bought off the auction that can be improved and ave an added bedroom for maximized value.

Thanks for sharing, @Stephen Herbert ! We are just getting started on our first rehab project in Cincinnati as well. Beautiful pictures, I am wondering about what you did for staging? Is that a real stage or a virtual stage? Who did you get in Cincy to do the staging?

Thanks

@Sean Cole Thank you. I have been reading the other threads on this forum, and seems that everyone has a different opinion about every area. I guess that is what makes this fun. We are looking for an area where houses are cheaper and can be flipped relatively quickly. Not looking to specifically make a huge margin in the beginning (obviously the more the better ;) ), would rather gain experience, do something quick, make a bit of quick cash, and move on. Any suggestions on areas the fit the bill?

Looking to put together a team and network with fellow Cincinnati Investors. Anyone know of realtors and contractors who like to work with fix & flip investors in the area? 

Looking to start out in the Oakley, Hyde Park area. What's the outlook in those areas?

Thank you!