Question Details

Dee Driscoll, Real Estate Pro in Porter, TX

I have an out of state buyer looking for a return on investment of 50-100K within 1-2 years. 250-350K properties.

Asked by Dee Driscoll, Porter, TX Thu Jul 10, 2014

She wants to concentrate on The Woodlands area.
Comments appreciated.

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Answers

2
My advice is to not take on more hats than you're qualified for! Unless you are also a CPA, or a financial advisor that is privy to all their other financial information, I just don't see that you are in the position to advise them about flipping, when you don't know whether they have the knowledge, experience or funds to flip, especially if they're out of state. All you can do is provide a range of properties in their locale of interest and let them do their homework themselves. I wouldn't want to be on the receiving end of a letter from them in two years complaining that their "investment" didn't appreciate to the level you said it would!!!
0 votes Thank Flag Link Fri Jul 11, 2014
My comment is:
that is a huge return and will be difficult, if not impossible, to realize for any investment out there.
0 votes Thank Flag Link Thu Jul 10, 2014
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