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Replies: 27
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Hall of Famer [21273]
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Posts: 12487
Joined: 9/23/06
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Celebrate with me Teh Jounge!
May 26, 2015, 9:10 AM
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My first flip house is under contract.
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All-In [45047]
TigerPulse: 100%
Posts: 38460
Joined: 8/26/03
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Next thing you know you'll be on a local cable show called
May 26, 2015, 9:13 AM
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DIYNY teaching other Yankees how to flip houses.
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Oculus Spirit [78876]
TigerPulse: 100%
Posts: 78623
Joined: 8/2/03
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You should have a Shirley Temple to celebrate!***
May 26, 2015, 9:23 AM
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Hall of Famer [21273]
TigerPulse: 100%
Posts: 12487
Joined: 9/23/06
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I leave the pedophilia to you.***
May 26, 2015, 10:00 AM
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Oculus Spirit [75781]
TigerPulse: 100%
Posts: 108893
Joined: 10/26/03
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Congratulations.***
May 26, 2015, 9:24 AM
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Hall of Famer [21273]
TigerPulse: 100%
Posts: 12487
Joined: 9/23/06
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Thank you.***
May 26, 2015, 10:00 AM
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110%er [8243]
TigerPulse: 100%
Posts: 7408
Joined: 2/20/04
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Nice.
May 26, 2015, 10:00 AM
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I am closing (fingers crossed) on my biggest one to date June 12th. #paydaybitches
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Hall of Famer [21273]
TigerPulse: 100%
Posts: 12487
Joined: 9/23/06
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Yeah... payday is July 6th for me... hopefully.***
May 26, 2015, 10:01 AM
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CU Medallion [54758]
TigerPulse: 100%
Posts: 52802
Joined: 10/1/03
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we need to start a club
May 26, 2015, 10:03 AM
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a club in which you guys show me the ropes, then I go off and make beaucoup bucks and leave you behind
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Oculus Spirit [75781]
TigerPulse: 100%
Posts: 108893
Joined: 10/26/03
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Hey, you back the #### off. He is supposed to be
May 26, 2015, 10:06 AM
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getting another flip house so I can help rip stuff out, then learn how to do other stuff.
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110%er [8243]
TigerPulse: 100%
Posts: 7408
Joined: 2/20/04
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ripping #### out really is fun.
May 26, 2015, 10:12 AM
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I gutted to studs(mostly) the 1962 brick ranch I live in now, then built it back, all in 2 months (brief period of unemployment). The demolition is by far the best part. Drywall being the worst.
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Hall of Famer [21273]
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Joined: 9/23/06
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Hanging it isnt that bad. Mudding was one of 3 things
May 26, 2015, 10:13 AM
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we subbed out. I hate mudding... and suck at it.
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110%er [8243]
TigerPulse: 100%
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Joined: 2/20/04
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I hung, mudded and sanded it. Alone.
May 26, 2015, 10:15 AM
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It took me > week, and I sucked at it. Would have take a crew who were good at it < day. Probably would have been cheaper, too.
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CU Medallion [54758]
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Joined: 10/1/03
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semi-related:
May 26, 2015, 10:17 AM
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how'd your buddy fare w/ that house/bid?
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110%er [8243]
TigerPulse: 100%
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He didn't text me about it, so I'm assuming
May 26, 2015, 10:34 AM
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he didn't put in a bid or didn't win.
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CU Medallion [54758]
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Joined: 10/1/03
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I kinda wanted to, but felt under-prepared
May 26, 2015, 10:43 AM
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guess you gotta pretty much have things/people ready to go when something like that pops up, huh?
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110%er [8243]
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Nah. Throw out a number and
May 26, 2015, 10:54 AM
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worry about the details once/if you win. Just make sure you give yourself enough time in the contract to prepare everything. You have to jump, just do it feet first.
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CU Medallion [54758]
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that just seems cray to me***
May 26, 2015, 11:10 AM
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Oculus Spirit [75781]
TigerPulse: 100%
Posts: 108893
Joined: 10/26/03
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I feel like demo would just be fun.
May 26, 2015, 10:14 AM
[ in reply to ripping #### out really is fun. ] |
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A bit more care must be taken when it comes to salvage, I'm not ready for that yet.
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110%er [8243]
TigerPulse: 100%
Posts: 7408
Joined: 2/20/04
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Hall of Famer [21273]
TigerPulse: 100%
Posts: 12487
Joined: 9/23/06
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Pay off my house so I can have better cash flow.
May 26, 2015, 10:04 AM
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Then go into rentals if possible. Maybe do another flip to get more cash on hand.
Oh... and hokers and blow.
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Hall of Famer [21273]
TigerPulse: 100%
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Joined: 9/23/06
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How have the appraisers been.
May 26, 2015, 10:02 AM
[ in reply to Nice. ] |
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I fear that if I get a lazy one that looks things up on a computer instead of actaully getting off his butt and going to look at it that it will not get appraised at what it is worth.
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110%er [8243]
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Depends on the property/location.
May 26, 2015, 10:05 AM
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Appraisers are above the law, currently. Untouchable. They decide who to bless, and who to #### over. Seems completely arbitrary. Good luck.
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Hall of Famer [21273]
TigerPulse: 100%
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Joined: 9/23/06
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Thanks.***
May 26, 2015, 10:06 AM
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Oculus Spirit [85465]
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We had our property (house and land) appraised before closin
May 26, 2015, 10:27 AM
[ in reply to How have the appraisers been. ] |
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g on the new home. It costed about $150 extra for the land appraisal and this is how they appraised it.
Value of Land = same value as purchased in 2010.
Thanks!
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Oculus Spirit [75781]
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Seems all appraisers should be employed by
May 26, 2015, 10:30 AM
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the lenders and that just be part of the deal. Paying extra for them seems evil.
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110%er [7980]
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Joined: 2/27/02
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So whats the take? Was it worth it?***
May 26, 2015, 10:30 AM
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Hall of Famer [21273]
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Joined: 9/23/06
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Sold for $250,000 but paying $5000 in buyers closing costs.
May 26, 2015, 10:54 AM
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I would have done things different... like I went straight over there after work and would go out to eat at like 9 pm if I got anything to eat. But those days I would not see my wife or daughter at all except for 10 minutes in the morning. If I had to do it over again, I would have gone home first and then just gone over to the flip later.
TL R Money vs time was worth it... time missed with wife and daughter not worth it. Again, could have done better on that.
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Replies: 27
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50
