You need to advertise spending dollars on marketing or sweat toil. One of the seminar I attended recently suggested a minimum of $3k in marketing or 60 hours of sweat equity. You need to promote yourself and tell people that you want to buy their houses. Build a network with other investors and join clubs. One one side you need to build a database of people who wants to sell their house but have not made up their mind and on the other side build buyers list who will immediately grab yours as is or after rehabbed.
Good luck!
Chris Coldwell Bankers www.ChrisRealEstatePro.com 832.859.8698
Estimating costs and resale value ARV (After Repaired Value) is the key. Also finding financing options which allow you to close transactions in less than 7 days will get you the best deals. Most of these resources can be found at local investor meet up groups.
Attending meet ups and joining groups, searching blogs etc give you a lot of networking, resources and insight into the flipping business. Do it on a budget and most of al the free things first. Also purchase books on the subject. Networking is key. Having a real estate agent is the best way to locate the properties. Choosing a good agent that is exp in short sales foreclosures, investors, wholesaling and flipping properties is a must. If you have any questions that I can answer feel free to reach out. Strongtower Realty & Mgmt.... Pamela Banks... 832-423-8303. Short sales foreclosure specialist, certified negotiator, most of all a GUIDE. I will guide you in the right direction. strongtrm@yahoo.com
Hi Hugo, We are a group of active investors in Houston, Tx. We currently working in a few "flips" - buy-fix-sell existing homes. We are also building couple new homes. To get to this point, it takes great deal of knowledge in: financing, real estate, and construction. I am assuming you have the knowledge in construction, I can show you the other steps to become a great Investor.
Al Mendoza (713) 838-6306 info@eco1construction.com
Dear Hugo, Flipping houses is much more involved than the television shows make you believe.
I have worked with investors for the last few years, and have much experience that I can share with you.
Call me for a no cost no obligation consultation.
Dominik Szabo MBA Brockway Realty L.L.C. (832) 844 1724 DominikRealtor.com ** The Doctor of Real Estate in Houston Texas ** " Professional, Courteous, and Informed "
Hi Hugo, This is a pretty broad question and I would recommend a more specific conversation. I am happy to help at any time. A realtor can specifically look for good opportunities for you to invest in. I have quite a few investment listings currently, and more coming in, as well as the ability to search for more. A few questions I would ask would be Funding; are you paying cash or do you need financing? If you need financing, do you already have that lined up or would you like some recommendations? What price range would you like to be in and what kind of return are you looking for? While you may have labor under control, are there any repairs you want to stay away from? Is there a particular area you would like to be in? A Realtor can be essential in, not only finding properties, but negotiating the prices as well as providing estimated market value after repairs.
Contact me anytime' Ryan Kohn 281-636-8179 Call or Text ryank@wrkrealty.com
I would suggest having a realtor look for properties in areas where no flooding has occurred, zoned to a sought after school district, and one stories with no pool. Happy to help! Laura LoGiudice NextHome Realty Ctr The Craft Team 713-320-0562
I added below a great blog on flipping homes. I help several investors find properties to flip. 90% of the work is homework. Being able to estimate costs and resale value ARV (After Repair Value) is the key. There are many blogs and articles on the web on the best ARV percent to achieve. I suggest reading up on the business side of flipping since you have the labor side in hand. Then use HAR to look for short sales and foreclosures in areas needed more remodeled homes.
Happy to help in any way I can.
Michael Jobin C&K Properties 713.545.2314 MJobin@Jobee.com