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| Created | 11/7/24, 6:58 PM |
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| Page Name | Arthur Kelly |
| Page Profile Picture Url | https://scontent-iad3-2.xx.fbcdn.net/v/t39.35426-6/465982320_563966669659035_6613101539261818938_n.jpg?stp=dst-jpg_s60x60&_nc_cat=106&ccb=1-7&_nc_sid=c53f8f&_nc_ohc=kkrLQtCTPLIQ7kNvgGEkfVJ&_nc_zt=14&_nc_ht=scontent-iad3-2.xx&_nc_gid=A6yNgWuwB0ILuiNP_dE25cC&oh=00_AYB86Rvk_ziUYiYJhI4k_UzFj5Ntm3I9LA3w1pVwHqf27A&oe=673341B9 |
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| Body | Want to be in real estate doing rehabs (aka fix and flip)?? Phase 1 - finding that deal. It's exciting to land that contract. You have usually only a quick glance to rough guess repairs and hope you know your market good enough to understand the sale price (ARV). Phase 2 - Make an offer. Phase 3 - Hopefully you have a network of lenders you know that will fund the deal. Finance it! Phase 4 - Close the deal. Start the work. Phase 5 - Line those trades up and get to work. This is where you will go from elation to depression weekly. Phase 6 - Now we find out if your budget fit and if you priced the home right. Newcomers find out here unfortunately. Experienced flippers usually get this right (we all swing and miss though). Again, in this Phase your anxiety rises until you land a sales contract and it crosses the finish line. Your bank accounts fluctuate greatly during this time as you have funds out in projects waiting for the next. So your daily temperament can be anything from flying high to downright rethinking your career choices. Being part of a team helps. Need any advice? PM me. I've done 7 ground up homes, an 8 unit apartment, 15 flips. Got some advice foe me? Please send it!!! |
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