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House Flipping
Posted on 4/19/14 at 12:21 pm
Posted on 4/19/14 at 12:21 pm
Any success stories out there?
7
Posted on 4/19/14 at 12:31 pm to will1883
quote:
Any success stories out there?
Nope. Not a single one
Posted on 4/19/14 at 12:32 pm to will1883
Paging the bama lover guy
Posted on 4/19/14 at 12:38 pm to LSUSUPERSTAR
Lol. I don't really flip.
Op- biggerpockets. Com
Op- biggerpockets. Com
Posted on 4/19/14 at 12:42 pm to will1883
If you can do the work yourself, you'll likely make money. If you can't, you likely won't make much.
Posted on 4/19/14 at 12:46 pm to Joshjrn
Wrong wrong wrong
Posted on 4/19/14 at 1:13 pm to I Love Bama
The biggest key, from what i've been told by family friends who have long done this for a living, is having contractors you know and trust. This is extremely difficult to do as contractors are unreliable by nature. Spotting what features create value, what features repel potential buyers, getting pricing and features right for your target customer, ect are all important. Remember, you're not trying to create a house you would love to live in, you're creating a house your target customer wants and can afford.
Posted on 4/19/14 at 1:49 pm to kingbob
quote:
The biggest key, from what i've been told by family friends who have long done this for a living, is having contractors you know and trust. This is extremely difficult to do as contractors are unreliable by nature. Spotting what features create value, what features repel potential buyers, getting pricing and features right for your target customer, ect are all important. Remember, you're not trying to create a house you would love to live in, you're creating a house your target customer wants and can afford.
Man what a great post.
Having your subs in line in any construction endeavor is paramount to success.
Posted on 4/19/14 at 2:37 pm to will1883
Too much capital invested for the margins they get for me
Posted on 4/19/14 at 3:57 pm to yellowfin
I was talking an LBO class the other day and the instructor made the comparison that flipping houses was basically an LBO deal. Never thought of it that way, brilliant comparison.
Posted on 4/19/14 at 5:50 pm to barry
Have a competent shoring company look at them before they flip over. They are like cars then, generally worthless.
Do I have to chew y'all's meals for you?
There's not enough margin yet between purchase prices and post-rehab price, additionally materials and labor are too expensive to do much to a property and then sell it for a profit.
Do I have to chew y'all's meals for you?
There's not enough margin yet between purchase prices and post-rehab price, additionally materials and labor are too expensive to do much to a property and then sell it for a profit.
Posted on 4/20/14 at 1:43 am to notiger1997
wow people here are stupid. plenty of people make plenty of money in the right city.
baton rouge is not the right city to make alot of money by flipping houses. you buy a shitty house its in a shitty neighborhood. you need bigger city's that had a housing boom and many of them are left unsold or taken by the bank but not resold.
watch flipping vegas or flipping boston.
baton rouge is not the right city to make alot of money by flipping houses. you buy a shitty house its in a shitty neighborhood. you need bigger city's that had a housing boom and many of them are left unsold or taken by the bank but not resold.
watch flipping vegas or flipping boston.
Posted on 4/20/14 at 3:52 am to will1883
I enjoy the buy and hold models better. Hit your mark with property manager in place, then stop working.
Posted on 4/20/14 at 6:28 am to brbowhunter
quote:
wow people here are stupid.
quote:
watch flipping vegas or flipping boston.
That's not real life bro
Posted on 4/20/14 at 6:34 am to brbowhunter
quote:
wow people here are stupid
quote:
watch flipping vegas or flipping boston.
I don't known anything about flipping houses, but did you really just call everyone here stupid and recommended we watch reality TV for pointers?
Posted on 4/20/14 at 12:14 pm to ZereauxSum
quote:
I don't known anything about flipping houses, but did you really just call everyone here stupid and recommended we watch reality TV for pointers?
yea it will give him a idea on how it all works. no one else will walk him through the entire process. so thats the next best thing. i flip cars so if someone wanted to know the in and out of the business i would point them to a car flipping show. and they have alot out there.
Posted on 4/20/14 at 2:55 pm to ItNeverRains
I go to this woman I turn to for all my flipping needs.
Posted on 4/20/14 at 9:58 pm to RockyMtnTigerWDE
Does she wear a white dress and bend over and flip a red solo cup off her behind region?
That's a flipper.
Armondo Montelongo says hi.
That's a flipper.
Armondo Montelongo says hi.
Posted on 4/20/14 at 10:49 pm to matthew25
quote:
Armondo Montelongo says hi.
He's a joke and his flips on that show were all so obviously staged.
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