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| impatientgirl 2006-06-07, 10:21 pm |
| Hello
I am currently in college getting my business executive/management
degree. I will graduate April 2007 with my associates. I have 6 years
experience in carpentry framing houses. I am planning to start my own
business flipping houses. I have six months of education in paralegal
studies in the real estate sector. I would like some information as to
how to get started and maybe some tips on what steps I need to take to
achieve my goals as far as education/career.
Thanks,
impatientgirl
| |
| crhras 2006-06-08, 1:21 am |
|
Does your college offer "Advanced House Flipping 401"?
"impatientgirl" <impatient31@adelphia.net> wrote in message
news:1149729501.777007.285430@u72g2000cwu.googlegroups.com...
> Hello
>
> I am currently in college getting my business executive/management
> degree. I will graduate April 2007 with my associates. I have 6 years
> experience in carpentry framing houses. I am planning to start my own
> business flipping houses. I have six months of education in paralegal
> studies in the real estate sector. I would like some information as to
> how to get started and maybe some tips on what steps I need to take to
> achieve my goals as far as education/career.
>
> Thanks,
>
> impatientgirl
>
| |
| Judanne 2006-06-08, 3:21 am |
| How do you flip a house? And why would you want to?
Judanne
"impatientgirl" <impatient31@adelphia.net> wrote in message
news:1149729501.777007.285430@u72g2000cwu.googlegroups.com...
> Hello
>
> I am currently in college getting my business executive/management
> degree. I will graduate April 2007 with my associates. I have 6 years
> experience in carpentry framing houses. I am planning to start my own
> business flipping houses. I have six months of education in paralegal
> studies in the real estate sector. I would like some information as to
> how to get started and maybe some tips on what steps I need to take to
> achieve my goals as far as education/career.
>
> Thanks,
>
> impatientgirl
>
| |
| Robert Allison 2006-06-08, 10:21 am |
| impatientgirl wrote:
> Hello
>
> I am currently in college getting my business executive/management
> degree. I will graduate April 2007 with my associates. I have 6 years
> experience in carpentry framing houses. I am planning to start my own
> business flipping houses. I have six months of education in paralegal
> studies in the real estate sector. I would like some information as to
> how to get started and maybe some tips on what steps I need to take to
> achieve my goals as far as education/career.
>
> Thanks,
>
> impatientgirl
>
If you are talking about flipping houses by going into areas
where real estate is hot and buying a house, then reselling it
at a profit, I have no advice for you. I believe that you are
just an opportunist with zero care for the communities that
you harm. You come in, buy a house, increase the price and
resell it just to make money, and in the process you cause
harm to the family that buys it from you by increasing the
cost of their daily lives for years to come. You have
produced nothing of value, except money for yourself.
In addition, you are increasing property values for everyone
in the neighborhood and thus increasing their taxes (which are
based on value of the property). So you are not just harming
the owner of the home, but the entire neighborhood.
If, OTOH, you are talking about buying older houses in
disrepair and making the repairs, then reselling, I would not
mind helping you with that. You ARE providing a service, and
I like that. One thing that you should do, if you are talking
about doing this second option, is to change your name. Take
the "im" out of your name and start practicing being patient.
--
Robert Allison
Rimshot, Inc.
Georgetown, TX
| |
| impatientgirl 2006-06-08, 10:21 am |
| Well I can see your point and agree with you that is how most of the
people who do what I want to do are, but you do not know my intentions
or me at all. I have lived in Buckeye Lake Ohio most of my life and if
you have ever been here, you would know what I am referring to. It a
beautiful place and there are homes that are priced at the half million
mark especially lake front property. When you get of the I-70 Exit to
go to Buckeye Lake the first thing you see is a truck stop and a few
fast food chains. Then when you get past that you see a slum community
and I mean slum. You have to drive through side streets to get to the
well to do neighborhood. If you are on the lake on a boat and boat
around the whole lake, it looks nothing like what you had to drive
through to get where you are. This community was developed when they
were building I-70 and most all the homes were just homes for the
people to live at while the highway was being built. Then it turned
into a summer home place but then people starting making them a
residence. Most all the homes except the well to do neighborhood are
pile on house. The have no foundation and there are a lot that are
abandoned. I live in a new house and every home around me is a pile on
house and a eye sore. Sure, I want opportunity and I see opportunity
all around me but it is also for my community. The homes here are
priced very low. I have a friend that is knocking a few of the
abandoned homes down and building new ones and they are priced at 90K.
He sees the need for community devolvement like I do. Buckeye Lake
still has well water while all the county's surrounding Buckeye Lake
have city water. It is pathetic but finally counsel voted to put in a
water system and run water lines under 70 from Hebron to Buckeye Lake.
The opportunity is now and I want in on the rebuilding of Buckeye Lake
where it has been home for me since I was 12. So you are wrong about me
and you need not to be so judgmental.
impatientgirl
Robert Allison wrote:
> impatientgirl wrote:
>
>
> If you are talking about flipping houses by going into areas
> where real estate is hot and buying a house, then reselling it
> at a profit, I have no advice for you. I believe that you are
> just an opportunist with zero care for the communities that
> you harm. You come in, buy a house, increase the price and
> resell it just to make money, and in the process you cause
> harm to the family that buys it from you by increasing the
> cost of their daily lives for years to come. You have
> produced nothing of value, except money for yourself.
>
> In addition, you are increasing property values for everyone
> in the neighborhood and thus increasing their taxes (which are
> based on value of the property). So you are not just harming
> the owner of the home, but the entire neighborhood.
>
> If, OTOH, you are talking about buying older houses in
> disrepair and making the repairs, then reselling, I would not
> mind helping you with that. You ARE providing a service, and
> I like that. One thing that you should do, if you are talking
> about doing this second option, is to change your name. Take
> the "im" out of your name and start practicing being patient.
>
> --
> Robert Allison
> Rimshot, Inc.
> Georgetown, TX
| |
| longshot 2006-06-08, 11:21 am |
|
>
> If you are talking about flipping houses by going into areas where real
> estate is hot and buying a house, then reselling it at a profit, I have no
> advice for you. I believe that you are just an opportunist with zero care
> for the communities that you harm. You come in, buy a house, increase the
> price and resell it just to make money, and in the process you cause harm
> to the family that buys it from you by increasing the cost of their daily
> lives for years to come. You have produced nothing of value, except money
> for yourself.
>
> In addition, you are increasing property values for everyone in the
> neighborhood and thus increasing their taxes (which are based on value of
> the property). So you are not just harming the owner of the home, but the
> entire neighborhood.
>
what is your problem? if there's a buck to be made people will be doing it ,
why not this person rather than a professional investor already sitting on
millions? sounds like a smart investment plan to me. building a future for
you & your family doesn't sound so selfish to me, sounds more like the
American dream. good luck
Rob
| |
| Judanne 2006-06-08, 12:21 pm |
| Can someone please let me know what "flipping" is in regard to houses?
Original questions still stand. It's a term I've not heard before.
Judanne
Australia
"Judanne" <judanne@bigpond.net.au> wrote in message
news:NNOhg.5403$ap3.5162@news-server.bigpond.net.au...
> How do you flip a house? And why would you want to?
>
> Judanne
>
>
> "impatientgirl" <impatient31@adelphia.net> wrote in message
> news:1149729501.777007.285430@u72g2000cwu.googlegroups.com...
>
>
| |
| bill allemann 2006-06-08, 3:21 pm |
| quickie purchase, patch & paint, resell.
"Judanne" <judanne@bigpond.net.au> wrote in message
news:HdXhg.5721$ap3.3515@news-server.bigpond.net.au...
> Can someone please let me know what "flipping" is in regard to houses?
> Original questions still stand. It's a term I've not heard before.
>
> Judanne
> Australia
>
> "Judanne" <judanne@bigpond.net.au> wrote in message
> news:NNOhg.5403$ap3.5162@news-server.bigpond.net.au...
>
>
| |
| Robert Allison 2006-06-08, 3:21 pm |
| longshot wrote:
>
>
> what is your problem? if there's a buck to be made people will be doing it ,
> why not this person rather than a professional investor already sitting on
> millions? sounds like a smart investment plan to me. building a future for
> you & your family doesn't sound so selfish to me, sounds more like the
> American dream. good luck
>
> Rob
Perhaps you would be interested in finding teenage runaways
and making porn movies with them. After all it is buck to be
made and geez,... someones going to do it. Why not you? Porn
is big business and you could secure your families future
doing that. It is the american dream.
--
Robert Allison
Rimshot, Inc.
Georgetown, TX
| |
| longshot 2006-06-08, 3:21 pm |
| real estate investment = childhood porn.
| |
|
| 1st lesson: Go to college, learn to use big words.
2nd lesson: Go out into world, learn to not use big words, communicate with
clarity. Talk using the same vocabulary and words as those you are talking
to.
Suggested changes...
business executive/management degree > school
associates > buddies
experience in carpentry framing > framing
business flipping houses > remodeling old houses
education in paralegal studies > (Best not to mention lawyer stuff)
real estate sector > real estate, houses, homes, buildings, fixer-uppers
achieve my goals > don't go broke
education/career > training
Also might want to change the name "impatientgirl" to "red neck momma"
Of course if you were applying for a job for a management position with a
large corporation, then the wording used in your message would be best and
using the above would not be such a good idea.
"impatientgirl" wrote in message
> Hello
>
> I am currently in college getting my business executive/management
> degree. I will graduate April 2007 with my associates. I have 6 years
> experience in carpentry framing houses. I am planning to start my own
> business flipping houses. I have six months of education in paralegal
> studies in the real estate sector. I would like some information as to
> how to get started and maybe some tips on what steps I need to take to
> achieve my goals as far as education/career.
>
> Thanks,
>
> impatientgirl
>
| |
| Robert Allison 2006-06-08, 4:21 pm |
| impatientgirl wrote:
> Well I can see your point and agree with you that is how most of the
> people who do what I want to do are, but you do not know my intentions
> or me at all. I have lived in Buckeye Lake Ohio most of my life and if
> you have ever been here, you would know what I am referring to. It a
> beautiful place and there are homes that are priced at the half million
> mark especially lake front property. When you get of the I-70 Exit to
> go to Buckeye Lake the first thing you see is a truck stop and a few
> fast food chains. Then when you get past that you see a slum community
> and I mean slum. You have to drive through side streets to get to the
> well to do neighborhood. If you are on the lake on a boat and boat
> around the whole lake, it looks nothing like what you had to drive
> through to get where you are. This community was developed when they
> were building I-70 and most all the homes were just homes for the
> people to live at while the highway was being built. Then it turned
> into a summer home place but then people starting making them a
> residence. Most all the homes except the well to do neighborhood are
> pile on house. The have no foundation and there are a lot that are
> abandoned. I live in a new house and every home around me is a pile on
> house and a eye sore. Sure, I want opportunity and I see opportunity
> all around me but it is also for my community. The homes here are
> priced very low. I have a friend that is knocking a few of the
> abandoned homes down and building new ones and they are priced at 90K.
> He sees the need for community devolvement like I do. Buckeye Lake
> still has well water while all the county's surrounding Buckeye Lake
> have city water. It is pathetic but finally counsel voted to put in a
> water system and run water lines under 70 from Hebron to Buckeye Lake.
> The opportunity is now and I want in on the rebuilding of Buckeye Lake
> where it has been home for me since I was 12. So you are wrong about me
> and you need not to be so judgmental.
>
> impatientgirl
I am not being judgemental at all. I said IF you are going to
do this then I would not be interested in helping you. If you
were going to do the other, then I would.
It sounds to me like you are going to do the latter, and I am
all for that. I will give you the benefit of my 32 years in
the construction business. What do you want to know?
I have no use for house flippers (the former type). I have
seen the damage that they cause to communities as a whole and
I won't have any part of it. I will condemn it whenever I see
it happening, and try my best to keep it from happening.
Come here to Austin, TX for a good example of house flipping
in the former sense. Real estate in Austin has been hot for
years and will probably stay that way for a few years to come.
When you have an established neighborhood in the central
part of the city, companies come in and search for properties
for sale. They offer cash money to buyers and then give the
house a paint job and put it on the market for up to twice
what they paid for it. They market it to people moving in
from out of town who are used to California prices and sell it.
Since tax rates on houses are based on appraisals of
comparative homes in the area, when that house sells for such
a high price, the other homes appraisals are raised resulting
in higher taxes for the rest of the neighborhood. So if the
rest of the neighborhood would sell, they would be in better
shape, but if they want to stay, they are screwed.
There is nothing illegal about this process, but I would
rather see the homeowner that sells the home get the added
profit, rather than a company or person that has done NOTHING
for the home get it.
I am involved in several projects where a home that is in need
of repairs or renovations is bought, the value of the home is
increased by the renovations being done, and then the home is
sold at a profit. I do that myself. This is good because
value has been added to the neighborhood and to the home
itself. It sounds like that is what you are trying to do.
That is not flipping homes. That is renovating and selling
homes. There is a big difference in my book.
> Robert Allison wrote:
>
>
>
--
Robert Allison
Rimshot, Inc.
Georgetown, TX
| |
|
| I have a large vocabulary so I understand your two bit wording
with one exception. What the heck is flipping? I spent my whole
life in construction and retired some 13 years ago and I have
never heard that term. Must be a term some radical college
professor dreamed up and his impressionable (translated as stupid)
students bought it.
As you can see you are getting into a plain talking field that you
will need to conform to. <G>
"impatientgirl" <impatient31@adelphia.net> wrote in message
news:1149729501.777007.285430@u72g2000cwu.googlegroups.com
> Hello
>
> I am currently in college getting my business
> executive/management degree. I will graduate April 2007
> with my associates. I have 6 years experience in
> carpentry framing houses. I am planning to start my own
> business flipping houses. I have six months of education
> in paralegal studies in the real estate sector. I would
> like some information as to how to get started and maybe
> some tips on what steps I need to take to achieve my
> goals as far as education/career.
>
> Thanks,
>
> impatientgirl
| |
| impatientgirl 2006-06-08, 5:21 pm |
| You buy a home that is in need of some fixing up and then you repair it
add some special touches to it then have it appraised and then resold
for a higher price than you paid for it. That is what flipping a house
is.
impatientgirl aka Dedra for those that are picky about my screen
name...jeeze
Judanne wrote:[color=darkred]
> How do you flip a house? And why would you want to?
>
> Judanne
>
>
> "impatientgirl" <impatient31@adelphia.net> wrote in message
> news:1149729501.777007.285430@u72g2000cwu.googlegroups.com...
| |
| impatientgirl 2006-06-08, 5:21 pm |
| Thank you Rob
longshot wrote:
>
> what is your problem? if there's a buck to be made people will be doing it ,
> why not this person rather than a professional investor already sitting on
> millions? sounds like a smart investment plan to me. building a future for
> you & your family doesn't sound so selfish to me, sounds more like the
> American dream. good luck
>
> Rob
| |
| impatientgirl 2006-06-08, 5:21 pm |
| I can hardly see the resemblance here but hey, what ever floats your
boat.
impatientgirl
Robert Allison wrote:
> longshot wrote:
>
> Perhaps you would be interested in finding teenage runaways
> and making porn movies with them. After all it is buck to be
> made and geez,... someones going to do it. Why not you? Porn
> is big business and you could secure your families future
> doing that. It is the american dream.
>
>
> --
> Robert Allison
> Rimshot, Inc.
> Georgetown, TX
| |
| impatientgirl 2006-06-08, 5:21 pm |
| Well I like my name or I would not have chosen it. I dropped the
paralegal crap because lawyers and the justice system suck. Please
educate me on something though; what is wrong with my vocabulary? If I
used big words, you might not understand it so I try to speak to people
like you on your level of vocabulary. You truly make no since to me.
impatientgirl
Bill wrote:[color=darkred]
> 1st lesson: Go to college, learn to use big words.
>
> 2nd lesson: Go out into world, learn to not use big words, communicate with
> clarity. Talk using the same vocabulary and words as those you are talking
> to.
>
> Suggested changes...
>
> business executive/management degree > school
> associates > buddies
> experience in carpentry framing > framing
> business flipping houses > remodeling old houses
> education in paralegal studies > (Best not to mention lawyer stuff)
> real estate sector > real estate, houses, homes, buildings, fixer-uppers
> achieve my goals > don't go broke
> education/career > training
>
> Also might want to change the name "impatientgirl" to "red neck momma"
>
> Of course if you were applying for a job for a management position with a
> large corporation, then the wording used in your message would be best and
> using the above would not be such a good idea.
>
>
> "impatientgirl" wrote in message
| |
| impatientgirl 2006-06-08, 5:21 pm |
| To me it is the same thing but yes, that is what I want to do. I do
agree with you on how big corporations drive the cost up and could care
less about the people. I am not that way and it seems you are not
either. Could you give me some tips on how to get started? Do you own
your own business repairing and renovating homes? On the other hand,
do you work under someone else?
impatientgirl
Robert Allison wrote:
> impatientgirl wrote:
>
>
> I am not being judgemental at all. I said IF you are going to
> do this then I would not be interested in helping you. If you
> were going to do the other, then I would.
>
> It sounds to me like you are going to do the latter, and I am
> all for that. I will give you the benefit of my 32 years in
> the construction business. What do you want to know?
>
> I have no use for house flippers (the former type). I have
> seen the damage that they cause to communities as a whole and
> I won't have any part of it. I will condemn it whenever I see
> it happening, and try my best to keep it from happening.
>
> Come here to Austin, TX for a good example of house flipping
> in the former sense. Real estate in Austin has been hot for
> years and will probably stay that way for a few years to come.
> When you have an established neighborhood in the central
> part of the city, companies come in and search for properties
> for sale. They offer cash money to buyers and then give the
> house a paint job and put it on the market for up to twice
> what they paid for it. They market it to people moving in
> from out of town who are used to California prices and sell it.
>
> Since tax rates on houses are based on appraisals of
> comparative homes in the area, when that house sells for such
> a high price, the other homes appraisals are raised resulting
> in higher taxes for the rest of the neighborhood. So if the
> rest of the neighborhood would sell, they would be in better
> shape, but if they want to stay, they are screwed.
>
> There is nothing illegal about this process, but I would
> rather see the homeowner that sells the home get the added
> profit, rather than a company or person that has done NOTHING
> for the home get it.
>
> I am involved in several projects where a home that is in need
> of repairs or renovations is bought, the value of the home is
> increased by the renovations being done, and then the home is
> sold at a profit. I do that myself. This is good because
> value has been added to the neighborhood and to the home
> itself. It sounds like that is what you are trying to do.
> That is not flipping homes. That is renovating and selling
> homes. There is a big difference in my book.
>
>
>
>
> --
> Robert Allison
> Rimshot, Inc.
> Georgetown, TX
| |
| impatientgirl 2006-06-08, 5:21 pm |
| Have you ever heard of the TV station called TLC? No college instructor
or professor has told me that it is a widely known term and I think you
need to get out more. As far as stupid goes, you would only know what
that was. Stupid people do not have a GPA of 4.0 in college and to
translate what a GPA is, it is a -> (grade point average) did you get
that?
impatientgirl
Glenn wrote:[color=darkred]
> I have a large vocabulary so I understand your two bit wording
> with one exception. What the heck is flipping? I spent my whole
> life in construction and retired some 13 years ago and I have
> never heard that term. Must be a term some radical college
> professor dreamed up and his impressionable (translated as stupid)
> students bought it.
>
> As you can see you are getting into a plain talking field that you
> will need to conform to. <G>
>
>
> "impatientgirl" <impatient31@adelphia.net> wrote in message
> news:1149729501.777007.285430@u72g2000cwu.googlegroups.com
| |
|
| Oh yes, I got it.
Now all you have to learn is how to get along in the real world.
You may be college smart but to the rest of the world, you're just
a smart aleck. Welcome to the real world.
"impatientgirl" <impatient31@adelphia.net> wrote in message
news:1149795695.610243.275410@f6g2000cwb.googlegroups.com
> Have you ever heard of the TV station called TLC? No
> college instructor or professor has told me that it is a
> widely known term and I think you need to get out more.
> As far as stupid goes, you would only know what that was.
> Stupid people do not have a GPA of 4.0 in college and to
> translate what a GPA is, it is a -> (grade point average)
> did you get that?
>
> impatientgirl
| |
| Robert Allison 2006-06-08, 5:21 pm |
| impatientgirl wrote:
> To me it is the same thing but yes, that is what I want to do. I do
> agree with you on how big corporations drive the cost up and could care
> less about the people. I am not that way and it seems you are not
> either. Could you give me some tips on how to get started? Do you own
> your own business repairing and renovating homes? On the other hand,
> do you work under someone else?
>
> impatientgirl
I am a general contractor and I do a lot of renovations. Most
of my work is for homeowners, but I do some renovations for
some clients for resell. I do not flip houses.
To get started, you need to find an appraiser that you can
work with and a GOOD home inspector. Finding a good home
inspector will probably be your toughest job. You will need
the appraiser to evaluate (independently from the real estate
agents) the homes that you are looking at buying. The
inspector will help you to evaluate the condition more
thoroughly than the appraiser will. MOST home inspectors
don't have a clue as to how to evaluate the condition of a
home. I do the home inspections for my clients (I am not a
home inspector, but I do know construction and local codes.)
You will have to become familiar with building codes and the
planning and development dept. in your area. This can save
you a lot of trouble. It will help you to understand what you
can and cannot do. It is discouraging to plan on building a
privacy fence around a beautiful back yard only to find that
the type of fence you want cannot be built due to codes in the
area, or you have to get a variance from the neighborhood
association to build it. These kinds of things can delay the
start or completion of a project and add greatly to your
aggravation coefficient.
Choose a home that does not have major defects and will not
cost more than you are willing to invest in order to bring it
up to marketable condition. Finding a major defect after you
buy a home can reduce your project to one of just trying to
get your money back.
Before you even start, you should begin researching what adds
value to a home. You can do 50,000 bucks worth of work to a
home and not add a dollars worth of value to it. OTOH,
painting the exterior of a shabby looking home for $2,000 can
add 5-10,000 bucks to its worth. Decks add value, landscaping
CAN add value, kitchen remodels may not. You have to learn
what does and what doesn't. Adding a second bath can vastly
increase the value. You should know about this before you
even begin looking at actual houses.
You should begin trying to find a contractor that you trust
and that you can work with. When it comes down to the actual
work, you want to be able to trust your contractor or
contractors. Remember that since you are not a large builder,
you will have more trouble finding good contractors. Large
builders can dictate scheduling to their subs because the subs
want more work in the future. If you are doing a house every
year or so, you will not have the same ability to get them
whenever you want, so you will have to be able to work at a
more leisurely pace. (This is why I advised you to remove the
"im" from your name and thought process.) This means that you
will have to be able to cover costs for longer periods and be
willing to wait for your investment to give you a return.
Patience is essential.
Begin developing suppliers that can not only supply you with
materials, but will help you in selecting the right materials
for your specific needs. Real lumber yards are your friend.
Although Home Depot and Lowes are handy, they are not able to
help you like the real suppliers can. You can buy shop lights
at Home Depot, but I can call my electrical supplier and tell
him that I have a large room with specific dimensions and he
will tell me how many can lights and at what wattage I will
need to light that room correctly. He won't be guessing, he
has an engineer that calculates what will be needed. That is
what I am talking about. You need to find people that know
what they are doing.
Think about these things and if you have more questions (and
you will), I will be happy to help you get them answered as
will many other people in this group.
Good luck.
| |
| longshot 2006-06-08, 6:21 pm |
|
"Robert Allison" <robert272@spamless.net> wrote in message
news:2C%hg.14989$523.14443@trnddc07...
> impatientgirl wrote:
>
> I am a general contractor and I do a lot of renovations. Most of my work
> is for homeowners, but I do some renovations for some clients for resell.
> I do not flip houses.
>
> To get started, you need to find an appraiser that you can work with and a
> GOOD home inspector. Finding a good home inspector will probably be your
> toughest job. You will need the appraiser to evaluate (independently from
> the real estate agents) the homes that you are looking at buying. The
> inspector will help you to evaluate the condition more thoroughly than the
> appraiser will. MOST home inspectors don't have a clue as to how to
> evaluate the condition of a home. I do the home inspections for my clients
> (I am not a home inspector, but I do know construction and local codes.)
>
> You will have to become familiar with building codes and the planning and
> development dept. in your area. This can save you a lot of trouble. It
> will help you to understand what you can and cannot do. It is
> discouraging to plan on building a privacy fence around a beautiful back
> yard only to find that the type of fence you want cannot be built due to
> codes in the area, or you have to get a variance from the neighborhood
> association to build it. These kinds of things can delay the start or
> completion of a project and add greatly to your aggravation coefficient.
>
> Choose a home that does not have major defects and will not cost more than
> you are willing to invest in order to bring it up to marketable condition.
> Finding a major defect after you buy a home can reduce your project to one
> of just trying to get your money back.
>
> Before you even start, you should begin researching what adds value to a
> home. You can do 50,000 bucks worth of work to a home and not add a
> dollars worth of value to it. OTOH, painting the exterior of a shabby
> looking home for $2,000 can add 5-10,000 bucks to its worth. Decks add
> value, landscaping CAN add value, kitchen remodels may not. You have to
> learn what does and what doesn't. Adding a second bath can vastly
> increase the value. You should know about this before you even begin
> looking at actual houses.
>
> You should begin trying to find a contractor that you trust and that you
> can work with. When it comes down to the actual work, you want to be able
> to trust your contractor or contractors. Remember that since you are not
> a large builder, you will have more trouble finding good contractors.
> Large builders can dictate scheduling to their subs because the subs want
> more work in the future. If you are doing a house every year or so, you
> will not have the same ability to get them whenever you want, so you will
> have to be able to work at a more leisurely pace. (This is why I advised
> you to remove the "im" from your name and thought process.) This means
> that you will have to be able to cover costs for longer periods and be
> willing to wait for your investment to give you a return. Patience is
> essential.
>
> Begin developing suppliers that can not only supply you with materials,
> but will help you in selecting the right materials for your specific
> needs. Real lumber yards are your friend. Although Home Depot and Lowes
> are handy, they are not able to help you like the real suppliers can. You
> can buy shop lights at Home Depot, but I can call my electrical supplier
> and tell him that I have a large room with specific dimensions and he will
> tell me how many can lights and at what wattage I will need to light that
> room correctly. He won't be guessing, he has an engineer that calculates
> what will be needed. That is what I am talking about. You need to find
> people that know what they are doing.
>
> Think about these things and if you have more questions (and you will), I
> will be happy to help you get them answered as will many other people in
> this group.
>
> Good luck.
damn it, those renovations will add to the value of those houses & raise
taxes for the whole area. what about all those poor people? :-)
| |
| Robert Allison 2006-06-08, 6:21 pm |
| longshot wrote:
<<Snip>>
>
> damn it, those renovations will add to the value of those houses & raise
> taxes for the whole area. what about all those poor people? :-)
>
>
Exactly. It will ADD VALUE to the house and the neighborhood
as a whole. I can tell that you have not experienced what
true house flipping does to a neighborhood. It is much like
day trading. It creates nothing, it adds nothing, and it
helps no one but the day traders wealth, while contributing
nothing to society. Much like pornography production, it is a
lucrative business that is legal, even though it is damaging
to society as a whole. I choose not to participate in those
types of endeavors and instead, concentrate my abilities on
those things that actually add value to property, society and
individuals.
You obviously believe otherwise. You obviously believe that
is perfectly alright to skim profits wherever possible, while
contributing nothing. Don't worry, you are not alone. There
are many people like you on this planet.
That is why we have day traders, pornographers and house flippers.
--
Robert Allison
Rimshot, Inc.
Georgetown, TX
| |
| longshot 2006-06-08, 7:21 pm |
| I have been around construction long enough & seen economic booms & how they
effect the local economies. I grew up building houses on the coast of Maine
in the 80's ... I couldn't afford to live there these days. back then the
only people making money were the GCs. everything was subbed out for pennies
& the guys making the fast cash didn't even have crews of there own,. too
much liability & not enough profit margin. I do industrial construction
these days & its all about the money.. the economy here in central Indiana
is very strong as far as employment & wages but the housing market is
crappy, too many new houses being built , its far cheaper to build one then
buy an older one. people with older houses all owe several grand more than
they can sell for.
"Robert Allison" <robert272@spamless.net> wrote in message
news:ih0ig.14995$523.2507@trnddc07...
> longshot wrote:
>
> <<Snip>>
>
> Exactly. It will ADD VALUE to the house and the neighborhood as a whole.
> I can tell that you have not experienced what true house flipping does to
> a neighborhood. It is much like day trading. It creates nothing, it adds
> nothing, and it helps no one but the day traders wealth, while
> contributing nothing to society. Much like pornography production, it is
> a lucrative business that is legal, even though it is damaging to society
> as a whole. I choose not to participate in those types of endeavors and
> instead, concentrate my abilities on those things that actually add value
> to property, society and individuals.
>
> You obviously believe otherwise. You obviously believe that is perfectly
> alright to skim profits wherever possible, while contributing nothing.
> Don't worry, you are not alone. There are many people like you on this
> planet.
>
> That is why we have day traders, pornographers and house flippers.
>
> --
> Robert Allison Rimshot, Inc.
> Georgetown, TX
| |
| crhras 2006-06-08, 8:21 pm |
|
Day traders are a very valuable component of the financial markets. They
provide liquidity. You should find another analogy.
"Robert Allison" <robert272@spamless.net> wrote in message
news:ih0ig.14995$523.2507@trnddc07...
> longshot wrote:
>
> <<Snip>>
>
> Exactly. It will ADD VALUE to the house and the neighborhood as a whole.
> I can tell that you have not experienced what true house flipping does to
> a neighborhood. It is much like day trading. It creates nothing, it adds
> nothing, and it helps no one but the day traders wealth, while
> contributing nothing to society. Much like pornography production, it is
> a lucrative business that is legal, even though it is damaging to society
> as a whole. I choose not to participate in those types of endeavors and
> instead, concentrate my abilities on those things that actually add value
> to property, society and individuals.
>
> You obviously believe otherwise. You obviously believe that is perfectly
> alright to skim profits wherever possible, while contributing nothing.
> Don't worry, you are not alone. There are many people like you on this
> planet.
>
> That is why we have day traders, pornographers and house flippers.
>
> --
> Robert Allison Rimshot, Inc.
> Georgetown, TX
| |
| crhras 2006-06-08, 8:21 pm |
|
Here's a good piece of advice. I don't care how long you spend in this
newsgroup, noone here is going to give you the golden secret to how to make
money in construction. And really, it is a bit naive of you to expect that.
You might get good advice on how to solve a certain problem but as for a
modus operandi, you have to bring that to the table yourself. So, stop chit
chatting in this forum and worrying about stupid shit like whether you
should call yourself impatientgirl or patientgirl or the definition of
"flipping" or whether whatever money you dream of making would be well
deserved. Get out from behind the monitor, go find yourself a property you
like and buy it.
Curt
"impatientgirl" <impatient31@adelphia.net> wrote in message
news:1149729501.777007.285430@u72g2000cwu.googlegroups.com...
> Hello
>
> I am currently in college getting my business executive/management
> degree. I will graduate April 2007 with my associates. I have 6 years
> experience in carpentry framing houses. I am planning to start my own
> business flipping houses. I have six months of education in paralegal
> studies in the real estate sector. I would like some information as to
> how to get started and maybe some tips on what steps I need to take to
> achieve my goals as far as education/career.
>
> Thanks,
>
> impatientgirl
>
| |
| Shannon Pate 2006-06-08, 8:21 pm |
| Get off the cross. Somebody needs the wood.
Shannon Pate
"Robert Allison" <robert272@spamless.net> wrote in message
news:k5Vhg.6684$td6.4101@trnddc02...
> impatientgirl wrote:
>
>
> If you are talking about flipping houses by going into areas where real
> estate is hot and buying a house, then reselling it at a profit, I have no
> advice for you. I believe that you are just an opportunist with zero care
> for the communities that you harm. You come in, buy a house, increase the
> price and resell it just to make money, and in the process you cause harm
> to the family that buys it from you by increasing the cost of their daily
> lives for years to come. You have produced nothing of value, except money
> for yourself.
>
> In addition, you are increasing property values for everyone in the
> neighborhood and thus increasing their taxes (which are based on value of
> the property). So you are not just harming the owner of the home, but the
> entire neighborhood.
>
> If, OTOH, you are talking about buying older houses in disrepair and
> making the repairs, then reselling, I would not mind helping you with
> that. You ARE providing a service, and I like that. One thing that you
> should do, if you are talking about doing this second option, is to change
> your name. Take the "im" out of your name and start practicing being
> patient.
>
> --
> Robert Allison Rimshot, Inc.
> Georgetown, TX
| |
| fredhead 2006-06-08, 10:21 pm |
|
"crhras" spewd this crap from his rocking horse while shagging wood with a
dud wood:
>
> Here's a good piece of advice. I don't care how long you spend in this
> newsgroup, noone here is going to give you the golden secret to how to
> make money in construction. And really, it is a bit naive of you to
> expect that. You might get good advice on how to solve a certain problem
> but as for a modus operandi, you have to bring that to the table yourself.
> So, stop chit chatting in this forum and worrying about stupid shit like
> whether you should call yourself impatientgirl or patientgirl or the
> definition of "flipping" or whether whatever money you dream of making
> would be well deserved. Get out from behind the monitor, go find yourself
> a property you like and buy it.
>
> Curt
>
>
>
> "impatientgirl" <impatient31@adelphia.net> wrote in message
> news:1149729501.777007.285430@u72g2000cwu.googlegroups.com...
>
>
| |
| crhras 2006-06-09, 1:21 am |
| You're an idiot.
"fredhead" <fredhead40@hotmail.com> wrote in message
news:FoudndCqeJZLIhXZRVnyjQ@bt.com...
>
>
> "crhras" spewd this crap from his rocking horse while shagging wood with a
> dud wood:
>
>
>
| |
| Al Bundy 2006-06-11, 11:21 pm |
| "impatientgirl" <impatient31@adelphia.net> wrote in
news:1149794949.706469.226270@g10g2000cwb.googlegroups.com:
> Well I like my name or I would not have chosen it. I dropped the
> paralegal crap because lawyers and the justice system suck. Please
> educate me on something though; what is wrong with my vocabulary? If I
> used big words, you might not understand it so I try to speak to
> people like you on your level of vocabulary. You truly make no since
> to me.
>
> impatientgirl
> Bill wrote:
>
>
> If I used big words, you might not understand it so I try to speak to
> people like you on your level of vocabulary.
> You truly make no since to me.
The previous line makes no sense to me.
| |
|
|
"impatientgirl" <impatient31@adelphia.net> wrote in message
news:1149795695.610243.275410@f6g2000cwb.googlegroups.com...
> Have you ever heard of the TV station called TLC?
<snip the part about "I'm smarter than you!>
> impatientgirl
I've not heard of a station called that but I do watch a few shows on the
network called TLC.
Those "flip this shack" type shows are a hoot. Look at the number of people
with no experience in any related field who think they too can clear $50,000
in 4 weeks, using their unskilled friends and family members (or under the
table illegal "contractors") to perform construction/remodel activities
they've only seen done on TV.
I can only guess what the buyers think when they see the hack job that was
done to their new home, on national TV no less.
JTMcC.
| |
| Judanne 2006-06-16, 9:42 am |
| "Robert Allison" <robert272@spamless.net> wrote in message
news:n1_hg.9927$9f2.8841@trnddc04...
'When you have an established neighborhood in the central part of the city,
companies come in and search for properties for sale. They offer cash money
to buyers and then give the house a paint job and put it on the market for
up to twice what they paid for it. They market it to people moving in from
out of town who are used to California prices and sell it.'
That is exactly what was happening in my town, Launceston, when Tasmania
went through a housing boom a few years ago, except the buyers were from the
mainland states' capital cities. I watched them being ripped off, so
decided to become a Buyer's Advocate. I loved it and hope to go back into
it when I become a qualified builder.
Judanne
Tasmania
| |
| Judanne 2006-06-16, 9:42 am |
| Hi again,
Isn't it amazing how a simple request can turn into such a long and amusing
thread?
I love coming to this site!
Judanne
Tasmania
"impatientgirl" <impatient31@adelphia.net> wrote in message
news:1149729501.777007.285430@u72g2000cwu.googlegroups.com...
> Hello
>
> I am currently in college getting my business executive/management
> degree. I will graduate April 2007 with my associates. I have 6 years
> experience in carpentry framing houses. I am planning to start my own
> business flipping houses. I have six months of education in paralegal
> studies in the real estate sector. I would like some information as to
> how to get started and maybe some tips on what steps I need to take to
> achieve my goals as far as education/career.
>
> Thanks,
>
> impatientgirl
>
| |
| ConcreteGuy 2006-06-17, 3:25 am |
| On Thu, 08 Jun 2006 22:37:00 GMT, "crhras" <crhras@sbcglobal.net>
wrote:
>
>Here's a good piece of advice. I don't care how long you spend in this
>newsgroup, noone here is going to give you the golden secret to how to make
>money in construction. And really, it is a bit naive of you to expect that.
>You might get good advice on how to solve a certain problem but as for a
>modus operandi, you have to bring that to the table yourself. So, stop chit
>chatting in this forum and worrying about stupid shit like whether you
>should call yourself impatientgirl or patientgirl or the definition of
>"flipping" or whether whatever money you dream of making would be well
>deserved. Get out from behind the monitor, go find yourself a property you
>like and buy it.
>
>Curt
Curt you took the words right out of my mouth...Talk will get nothing
done...
I have read enough here to see that someone has a lot to learn and it
will not be long till they find that out the hard way...Having a high
IQ and grades,etc, means nothing if you don't know how to do things
and be able to get things done ...IQ has also not shown this person
how to respect their betters...Their is a good dose of experience
coming to this person from all I read they wrote here...Oh 6 months
training does NOT make a real Lawyer out of you...
Lansing
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