I would love to do a lot of flips, but for my first one, I am looking for more meat on the bone to absorb any mistakes that I make.

Hello everyone, I have 13 years of experience as a landlord with two single family rental properties. I have been analyzing fix and flip opportunities in NYC and CT as my next venture. But in the meanwhile, I have com...

Quote from @Deltrease Hart-Anderson: What are your thoughts on putting new construction in a B+/C- neighborhood?

The updates they provide are bare bones and usually only come after I've reached out to them asking about the investment.

When we present a Subto for investors to buy, it has to have enough meat on the bone, all said and done, that the investor will still have equity and the property will cash flow.For instance, I have one I'm working right now, that has a high entry, because the seller wants some cash out to himself, but even with that, the buyer will wind up with $50,000 in equity.

This is something I try to live by and teach my kids if I can - "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

The hard part on every fix and flip is to find a property with enough meet on the bone to make a good profit.

I used to cold call, skip trace, send mailers, and don't get me wrong you will get success from it like James above, however as you gain experience you will realize you need deals faster, easier, cheaper, and with more "meat on the bones" and in order to have that you need constant deals flowing through your eco system and that's hard to do with mailers, cold calls, VA's and skip tracing etc.

Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer).