5,216,398
If you can represent a flipper that does quality work in a short time and reinvests, you have a good customer! Many do not qualify!
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
John Juarez
Fremont, CA
-
Olga Simoncelli
New Fairfield, CT
-
Lyn Sims
Schaumburg, IL
1,311,397
I still see a few flyers nailed on telephone poles that shout "We Buy Ugly Houses!"
and radio commercials the boast:
The first ten callers will receive two free tickets to my upcoming seminar on how to make money with no risk and no investment!
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
1,513,143
Keeping my rehabbers supplied and happy.
Our illustrious state has pending litigation for a flip tax in New York City so how do we keep government away?
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Lyn Sims
Schaumburg, IL
1,196,798
I would say it is good if you represent the rehabber/flipper
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
6,393,179
We have criteria set for our flips, and if the competition is willing to work for little or no profit then we are quick to walk away.
Unfortunate that many people watch a few fipping shows and then proceed to throw away all of their savings on an ill planned venture where they lose it all.
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
2,781,173
When flipping was first introduced it had already been a best kept secret for a couple of years. In its inception, it was the origin of steals and deals with lots of big money to be made. When it became public and more competitive, flippers now had to do the math. After all that is said and done, what would they walk-away with after all that risk? It got down to about 30-60% return on investment reducing along the way making many flippers doubt and slow down. Eventually it became way less lucrative unless it was a steal or a sleeper! Remember too a crew is needed to fix-flip
-
Debe Maxwell, CRS
Charlotte, NC
-
Lyn Sims
Schaumburg, IL
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
417,221
The people making money in the arena are: giving classes for a fee, selling a book with typos, promoting that you invest in their pool (cough cough), claiming they will sell you secrets of wholesaling also for dough. Values softened in the over a million in areas that are not coastal BUT these are not a model for flipping as it takes a long time to sell
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
758,035
If that's true it'll flush out all the amateur flippers & that's good, you need to purge every now & then.
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Candice A. Donofrio
Fort Mohave, AZ
1,052,211
A question I have is, does your state require you to use licensed contractors. Ours does and has for a while. I think it's any job over 1000 or 2500 aggregate unless you're going to live in the house for at least a year.
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Peter Testa
Danbury, CT
1,844,291
No, I do not see it. I see that flippers in our area are making huge pricing mistakes but all the rehab work is well done by competent people.
In our area, REO's or other deals are coming along slowly & there are not the more regular flow of years past. Lots of fighting on the court steps causes overpayment.
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Bob Crane
Stevens Point, WI
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
5,772,575
Annette,
I have not seen much of it here. A
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
7,836,134
Every successful real estate professional should invest in real estate. Always seek flipping opportunities as well as rental opportunities.
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
3,125,713
A higher building standard is necessary plus the contractors must be licensed to do the work. Otherwise, not worth the risk to be associated with the flipper.
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
2,390,620
I never did a flip Annette Lawrence , Palm Harbor, FL 727-420-4041 because I was always afraid I was just going to buy myself a minimum wage job.... and I HATE painting!
-
Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Annette Lawrence , Pal...
Palm Harbor, FL
1,543,662
There’s no margin in flipping houses in California since 2012. Unless you find a desperate homeowner or an off market deal, all homes are selling at market value and short sales have been rTe since 2013 here.
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
1,239,901
Volume transactions Costco type appear to be the case. Low margin El Cheapo no name realty sells your home cheap also.
-
Debe Maxwell, CRS
Charlotte, NC
-
Annette Lawrence , Pal...
Palm Harbor, FL
-
Bob "RealMan" Timm
Minot, ND
5,229,945
I used to love to flip but, haven't really had time since I started working in resales. I missed it so much, I implemented another 'product' for my aging sellers who have not made renovations but, stand a chance to improve their sales price with renovations.
Example:
Seller's townhome was worth $250K without renovations. With renovations, I knew I could sell it at $325K...and did (we Close next week).
That $75K difference cost me $25K as an investment (no interest - I made it up on the commission end) for renovations. We sold OVER list price and in one day. Had we listed it cleaned-up as it was before, rest assured we'd still be peddling that thing!
The point is, reno work is still an option and should seriously be considered for resales and we should guide them in that direction.
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
2,182,502
All the Flipper Wantabees have driven prices beyond Profit
-
Bob "RealMan" Timm
Minot, ND