www.SamMitchellRealtor.com
Keller Williams Realty
Phone: 512-743-1883
Email: hambone78745@yahoo.com
I could write a book here, but someone has already done that; it's called "FLIP: How to Find, Fix, and Sell Houses For Profit," by Rick Villani and Clay Davis (you can find it anywhere). This isn't just recommended reading, it's REQUIRED reading for anyone hoping to figure out the flipping game.
As the title of FLIP says, FINDING the right house to buy is the first (and the hardest) part of the game -- and that's where Hambone (aka Sam Mitchell) comes in to the picture. To facilitate my own search for those elusive "bargain" properties, I have created Hambone's Bargain Basement.
Here's how Hambone's Bargain Basement works: I have taken the entire Austin market area and divided it up into dozens of smaller areas all over town (and on out into the boonies, where obviously there are more bargains). I have crunched the numbers to find the average sales price for each of those areas. Next, I have taken 75 percent of that average sales price and plugged that number in as my main search parameter. Each and every night, my computer searches through the huge database of new listings while I'm asleep, and in the morning presents me with the newest batch of bargains to look over (I've named my computer Rumplestiltskin for its tireless efforts to make me money while I'm asleep). If the house isn't 25 cents off the dollar going in to the deal, I don't even want to hear about it.
I will be more than happy to sign you up to the Hambone's Bargain Basement e-mailing list, so you, too, can turn your computer into Rumplestiltskin. I can set you up to receive the entire list (which can be a little intimidating), or I can set you up with just those areas of town you're interested in. Each morning when you turn on your computer, you will have a very user-friendly list of bargain homes to look over. If you see anything you like, I can send you more information. Simply e-mail me at hambone78745@yahoo.com, or call me at 512-743-1883, and I'll get you signed up. There is, of course, no charge for this service, and you're under no obligation to buy anything from me, but I hope you will eventually.
I know what you're thinking already: "Okay, Hambone, I know your type: If a real "steal" hits the market, you're gonna grab it for yourself. How do I keep you from grabbing all the good ones?" Here's my personal promise to anyone who signs up for the Hambone Bargain Basement list: If I make an offer on any one of these places, I'll let you know what my offer is (amount I'm offering, terms, and closing date). That's right, I'll lay my cards right out there on the table for you to see. If you want to top my offer, great! All I ask is that you use ME as your agent to do that. The pie is big enough to feed all of us, I promise.
If you have any more questions, call me at 512-743-1883, and I'll go over the details with you. Hope to see you soon in Hambone's Bargain Basement!