Todd S.
GC to Project Manger - the new agreement
I wanted to get some thoughts from the veteran flippers about the new structure my GC and I came up with. See the following:
Previous Structure
-GC bids job
-I pay 30% at beginning, 30% halfway, 30% before final walk...
Gerald Harris
Wholesaling a Haunted House? Would you do it?
On my way to church this past Saw a House for sale in Concord NC. This house is a Split level Bungalow House built in the early 1900's. It is 4 bedrooms (possibly a 5th can be created) over 2300sqft. House needs...
Rodney Marcantel
When NOT to buy a house that looks good online
Yesterday I went and looked at a house from a wholesale company locally in north Dallas (Carrollton) area that had a house they had under contract for $211K and selling to several investors for a starting price of $21...
Vicki Gleitz
Renting for less than fair market
In February, my son will be renting out the 3/1 house he bought in September. Ultimately,in a few years, this house will be one of many of homes in an Autistic intentional community within an already existing communit...
Alex Brown
Talk me out of this deal
3/1 1200 sq ft c+/b neighborhood Asking price is 18k down from 22k they want a cash dealLong term HUD renter pays 450/moAm I missing something ?Thanks !
Patrick Giblin
Hard Money loan to make a deal work or is there a better option?
Trying to make this deal work!
Cash Price: $129K'
Rehab Costs $100k
ARV: $265-285
Initial plan was to have an GC purchase house cash, get hard money for rehab and the flip it to my partner and I. However he has de...
Kyle Dwyer
What keeps you going?
Don't get me wrong, I am never giving up. However, sometimes this industry gets to me. There are times, dealing with truly just bad people, that makes me wonder why I do this to begin with.I always go back to my "wh...
Arcinio Arauz
Another Probate Question
I want to purchase a house and found the owners are deceased. The daughter has a "hand written will" according to what she told me. I told her that I believe she would need to petition for probate in order to sell the...
Tim Silvers
Solar lien disposition on vacant lot
House was severely fire damaged and subsequently deemed uninhabitable and demo'd by the city along with the solar panels. In addition, the lessee of record is deceased. Death certificate was already sent some time bac...
Scott Passman
Covid-19 Shutdown Tipping Point
I think we've reached a tipping point where it's beginning to look like the economic shutdown in response to the COVID-19 pandemic is causing far more harm than the lives it (may) save. While shutting down some busin...