Purchase price: $142,000 Cash invested: $40,000 Sale price: $240,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Gibson St, Portland, TN 37148.

Purchase price: $175,000 Cash invested: $1,800 Sale price: $220,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on Eagle St, Murfreesboro, TN.

Purchase price: $175,000 Cash invested: $1,800 Sale price: $220,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on Eagle St, Murfreesboro, TN.

I want to pick some of your brains—whether you're newbies or experienced agents—on where you have found the most success in finding qualifying cash buyers.So far, I've tried Facebook, Craigslist, cold calling, etc., but nothing has worked for me.

Look:The reason you need to do more to make it "work" is because:The success rate of that strategy is SO DARN LOW that you need to send THOUSANDS of mailers, calls, or texts to COMPENSATE for the low performance of that strategy.So in other words...Because it does NOT work, you need to do a LOT of it, to compensate for the fact that it  does NOT work, to get a deal... so you conclude..

If we were going to buy a property and put it “under contract”, and a better deal came along, rather than pass on one deal we might present it to a fellow investor and collect a fee from the investor in the process.  

If the repair process requires painting the whole thing, which it may need to look good- I'd optimistically put the lifespan of a professional/specialized 2-part (epoxy or urethane) tub/surround (or tile paint) etc- paint job, with above average prep work at ~3 years.. a "high quality" tub respray like this will cost just as much as a brand new tub, and touching up/blending a spot repair is specialized, expensive work as well. but yes I agree with the other replies either way -(unless, *perhaps* there is already easy access from behind etc to get to the repairs and inspect flooring etc without taking tub out)- it makes sense to rip it all out so you can address any potential water damage, and overall there is no reason the resulting new unit shouldn't cost aprox the same ballpark as the repairs .. and new of course will look much better with a much longer lifespan. 

Are there specific regulations or processes I need to be aware of to ensure compliance with local laws?

Congrats on your success so far and taking the next steps to learn and grow more.

I always recommend looking at the number of deals the sponsor has successfully exited, their average returns, and the collective years experience between all of those with an executive position.