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12 February 2025 | 3 replies
--AI Analysis----ChatGPT pointed out that the math for Ten flips per year, the text shows$787,500 for Year 2, when it should be $1,012,500, adding that for Year 3, the result should be $4,556,250 as the initial investment should Gemini said this:The math for the "POWER OF FLIPPING Case Study with $50,000" appears to be accurate, based on the information in the source.
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12 February 2025 | 12 replies
@Markus Shobe Haha yep it seems like I just need to create my own...I already use a bunch of spreadsheets so that's fine, I can do that, I was just curious to if anyone had a base model/template I could use. :)
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5 February 2025 | 2 replies
It has been best to anticipate wildly different ARVs based on not only the property details, but also the quality of the finishes that are used.
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19 February 2025 | 23 replies
Based on the growth in that area, I suspect I will be able to refinance within the 5 year window and not require any cash into the deal.
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8 February 2025 | 6 replies
Based on this experience, I feel I have a fair sense of what pricing should look like.Do you have any supplemental carriers you’d recommend?
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9 February 2025 | 33 replies
Hi Lina -- I'm based in Dallas but wouldn't know the laws for the city and county of Kyle, Texas.
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27 January 2025 | 21 replies
From there, you can research through zillow/redfin whatever but your best bet would be to find an investor/agent (I a one but based in Fort Lauderdale) who can guide you through the process.
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19 February 2025 | 4 replies
HELOC on the TH you're living in sounds the most doable (banks have more appetite to lend when it's owner occupied).Two cents - HELOCs can be great, but it is still debt and you'll want to make sure your base case expected return makes the juice worth the squeeze.
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8 February 2025 | 3 replies
Below, I outline several incidents that demonstrate the importance of vigilance in this industry.Incident 1: Noble Capital LoansNoble Capital Loans presented itself as a Georgia-based corporation with favorable loan terms.
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4 February 2025 | 0 replies
Platforms like Procore, JobTread, Buildertrend, and FlipperForce have caught my eye, but I want to make sure I’m considering the best fit for my needs.Here’s what I’m looking for in a solution:Cost Estimation: A tool that accurately calculates material and labor costs.Project Oversight: Features to manage tasks, schedules, and budgets efficiently from start to finish.Vendor Integration: Real-time updates on pricing and inventory from suppliers like Home Depot or other suppliers.Material Suggestions: Automation or recommendations based on the rehab’s scope and specifications.Labor Planning: Tools to predict labor hours and staffing requirements for each phase of the project.For those of you who’ve used any of these platforms (or others), I’d love to hear your thoughts:Which software have you found most effective and why?