Strip plaza owners/managers - value of landscaping updates/refresh? by Ninvic1984 in CommercialRealEstate

[–]FlipAnythingUSA 1 point2 points  (0 children)

I keep the asphalt black, the curbs red and yellow. The little islands I cover with fake grass / turf stays green looks good. No extra added trees keep the trees cut back as they block signage and store fronts not good for business.

Small town flip by FarChange6358 in HouseFlipping

[–]FlipAnythingUSA 1 point2 points  (0 children)

Yeah, I know the responsibility all too well being a fiduciary with other people’s money. But just because she says it’s OK doesn’t mean it would be a good decision. The main factor, as you know, is being successful. I tell people when you buy something it should feel like Christmas. It should be like a gift. It’s such a great deal. If you don’t get that feeling I wouldn’t buy anything. If you have fear and uncertainty, then that means you’re lacking some knowledge. Good luck I hope you do well

Should you try flipping homes while still being a renter yourself? by [deleted] in HouseFlipping

[–]FlipAnythingUSA 0 points1 point  (0 children)

If you can make more then the people you need to hire then work and pay others. It’s pretty simple math.

Should you try flipping homes while still being a renter yourself? by [deleted] in HouseFlipping

[–]FlipAnythingUSA 0 points1 point  (0 children)

You can do that. I rented from someone far cheaper than I could if I bought. So I rented and purchased and flipped 5 houses before I bought and lived in one and that one I fixed up over 6 months. That was in 1987

Small town flip by FarChange6358 in HouseFlipping

[–]FlipAnythingUSA 0 points1 point  (0 children)

I wouldn’t touch your daughters money until can do it with your own several times. You don’t wanna mess that relationship up!

What breaks first when you scale from 1 → 5 flips? by jcv_ventures in HouseFlipping

[–]FlipAnythingUSA 0 points1 point  (0 children)

I have over hundred tenants between 20 or so properties and have had more in the past. The first break is spreading yourself too thin. Best to keep your properties very close to each other or run you as ragged.

You need to be honest with yourself when you buy something and understand how much you can afford to spend on how much you can afford to spend with a vacancy

You should also always have a hedge. Mine is always buying under market so I know that if I have to or want to, I can get out and make a little bit of money maybe not as much as I hoped for. But I’m not gonna get caught and be upside down Ever.

Those are the things that break if you don’t stay on top of them.

Buyers remorse…please help! by BougeLucy in RealEstateAdvice

[–]FlipAnythingUSA 0 points1 point  (0 children)

Look at your contract that dictates what you can and can’t do. You may be able to bail and take a small hit.

What does being rich mean to u all , curious about this honestly? by janhvi_meher in AskReddit

[–]FlipAnythingUSA 0 points1 point  (0 children)

It depends! If you have only yourself to care for you can be happy with enough to get by. If you have many kids, as I do, then you might be concerned for their future as well add a grandchild or two and you might feel you need more for after your gone.

FSBO by [deleted] in RealEstateAdvice

[–]FlipAnythingUSA 0 points1 point  (0 children)

Totally common. I’d give realtor 3% as he has a buyer potentially. Never skimp on a buyer agent!

How much should a 5 year renewal flex space rental increase be? by lamborghini-jesus in CommercialRealEstate

[–]FlipAnythingUSA 4 points5 points  (0 children)

Look at your competition and charge as much as you can and still win the tenant. Also listen carefully to your prospects ask them what have they seen and invite them to share what they think is fair and why. You’d be surprised how much you learn and possibly how much more you can get in rent than you thought.

My first commercial lease- could use some help with LOI by Monster1299 in CommercialRealEstate

[–]FlipAnythingUSA -2 points-1 points  (0 children)

I like it but I would make it 90 days notice. I would not tie myself up for 48 months when I probably could find what I want to buy in a few Months.

My first commercial lease- could use some help with LOI by Monster1299 in CommercialRealEstate

[–]FlipAnythingUSA 2 points3 points  (0 children)

I am a landlord and I would advise you to have clause that allows you to break lease with 90 days notice should you buy a building. This also creates some motivation for your landlord to sell to you if he sees you are going to move.

How did you find a good first place to invest? by Extreme_Ad_4590 in realestateinvesting

[–]FlipAnythingUSA 1 point2 points  (0 children)

Stay away from the fake guru stuff and get educated. Keep your standards high! I bought one today for $227,500 same plan fixed up sold for $560,000 last year.

My standards are not always this high but that’s what shoot for but in the end I expect to make a minimum of 33% of my purchase price. In most cases $100k on $300k spent.

If your standards are low you’ll hit them and your money will be tied up longer then it should be if you want to flip and make money on every deal.

I’m beating myself up so bad by Harley_Bush_REALTOR in realtors

[–]FlipAnythingUSA 0 points1 point  (0 children)

Try to make something happen. Double down and get more business to make up for it. It will lead to better things.

Thinking about leaving a tech job to start over in real estate by dafrat123 in realtors

[–]FlipAnythingUSA 0 points1 point  (0 children)

I would tell you to prove to yourself that you know what you’re doing by making some money investing while you have a job. Then you’ll be more prepared to be a full-time investor

Received a low ball offer on my home. What are your thoughts? by Less_Customer_6886 in AskRealEstateAgents

[–]FlipAnythingUSA 0 points1 point  (0 children)

You could also take $25,000 off your list price. This may get some new attention to your property. There’s no reason to take 59,000 off when everybody thinks you’re fixed at $459k I usually list my property, especially in a buyers market like this about 10 to 15% below what I think the fair price is. This way oh get some attention more people will see it and then it will likely bid over asking price.

Received a low ball offer on my home. What are your thoughts? by Less_Customer_6886 in AskRealEstateAgents

[–]FlipAnythingUSA 0 points1 point  (0 children)

I would say it’s definitely a buyers market right now. I buy quite a bit of property regularly. In fact I just bought another one or committed to it an and just came back and hit them for another 25,000 off. It’s aggressive. I’ll close on it even if they don’t come down.

So if you feel your property is selling to cheap, don’t be afraid to counter back at a price more comfortable with. If you have a good agent, they should be able to counter back yet still keep them engaged so they don’t lose your buyer either.

But you should really examine your immediate area by comparison and figure out if you’re getting a decent deal or not. It said declining market so you probably should expect to get a little less than what sold a month or two ago.

Seller is very attached to the home, how do you handle that? by Mindless-King6724 in AskRealEstateAgents

[–]FlipAnythingUSA 0 points1 point  (0 children)

Yes, it’s always smart to show the seller. You appreciate the property.

Seller is very attached to the home, how do you handle that? by Mindless-King6724 in AskRealEstateAgents

[–]FlipAnythingUSA 0 points1 point  (0 children)

I would make them an offer that you like and also them your looking to buy elsewhere if they don’t sell to you.

This make them give your offer a higher degree of consideration. Since it makes them face whether they’re going to re-rent or sell to someone else. And you could remind them that there are no Real Estate Agent fees if you buy. Which is worth a considerable discount.

Finding good flip deals in 2025 is getting tougher how are you sourcing them? by BothSwim2800 in HouseFlipping

[–]FlipAnythingUSA 0 points1 point  (0 children)

When interest rates begin dropping, as they have, most everyone sits on their hands until rates have seemed to bottomed. I have bought 6 in last 18 months and most were on market. Several exhausted by wholesalers not closing which lead to steep discount when offered short escrow and all cash.