I haven’t been posting a whole lot the past couple months, though I’m trying to get in a couple posts per week…while it wouldn’t seem that things are overly busy by following this blog, keep in mind that I pretty much only cover our own personal deals here, and not deals where we are assisting other investors…
Over the past few months, we’ve been ramping up our consulting and agent work. Specifically, in the past three months, we’ve managed the renovations on a dozen other investor rehabs, staged and listed about a dozen rehabs for other investors and even helped two other investors buy several properties. In some cases, we consulted or helped on all aspects of the flip.
From handling all the contracts, paperwork and schedules to having my project manager deal with the contractors/rehabs to my wife doing all the design consulting, staging, listing and marketing, it’s been a hectic couple months for all of us. But, it’s allowed us to improve many of our processes, as well as build some new relationships with suppliers and contractors, so all the extra work has been beneficial to the business, in addition to generating some extra income.
We haven’t decided if we want to ramp up these extracurricular even more — or if we want to scale back and start focusing more on our own projects — but we’ve gone from helping two investors to getting consulting requests from another half-dozen or so in the past couple weeks. So, we’ll be making some decisions over the next couple months.
In the meantime, we’re looking for some more of our own projects and I’ll try to ramp up the posts here on the blog…
Sounds like you’re becoming a local “guru”! When’s the infomercial coming out?
In all seriousness, if it makes sense financially, it seems like a good niche business model. Of course, you’re sort of training your competition at the same time, but now you can make some money on the deals you miss out on.
I don’t know about you, but I always tend to do much better when I am only focusing on one or even just a couple things at a time.
Of course, I end up working on hundreds of things at once because the opportunity is there and I don’t like to just keep doing the same things over and over. I guess the challenge is what keeps things interesting. There is a balance to be found. There always is isn’t there?
No matter what you do, as long as you are having a blast doing it, keep on doing it.
Hey J scott,
I’ve been following your blog and Love what you’re doing.Flipping houses is something I’ve always wanted to get into. I Live in the Stone Mountain area and would love to hook up with you and see if we can do some business. Since I live over here, This is the area that I would like to focus on. Maybe when you have some time I could come out to your side of town and we could talk..
Thanks Terence..
Hey Terence,
I actually received an email with your comment while standing at the top of Stone Mountain yesterday… 🙂
Feel free to shoot me an email…
Hey Terence and Scott,
I also am in the Atlanta area and am looking into real estate investing. J, I actually found my way over here from the fastlane forum.
I am absolutely green to real estate but am trying to soak in as much as possible!!!
Thanks for sharing so much information!
Tom
J,
Firstly, I’d like to thank you for your kindness sharing your experiences with us. I’ve been reading up on your blogs and you are an inspiration to those of us trying to make break into the real estate market to invest for our future (especially during the current financial climate), but are struggling to find that starting point. You’ve mentioned how you’ve assisted investors with their purchase…how can I obtain your assistance for my first rehab to get me off the ground?
Thanks,
Rob
Hi Rob,
For some investors in my area, I’ll help them purchase/rehab/sell their properties. We don’t do much on the purchase side of things, as helping other investors buy properties in our area is a conflict of interest for us, but if someone we work with finds something they’re interested in, we’re happy to help them complete the deal.