Out of the Box Properties Day 3 and 4

Wednesday morning we had a zoom meeting discussing different HVAC systems. What are the best for sustainable purposes? What is the most cost efficient? (this is normally what you want to use in a flip since you want to make the biggest profit margin.) After that, I was searching the area to find possible flips to go visit on Friday. In the afternoon we visited a house in North St. Louis that one of her agents want to flip.

Thursday was a short but very informative day. In the morning we had a meeting with the mortgage company they use. We discussed the best types of loans for different situations. Currently, there is a huge shortage of houses in the market. You are almost guaranteed to sell your house if you put it up right now. There are about 4,200 houses/properties on the market in the STL area roughly 80% of those are move in ready, the other 20% want most people to consider junk houses and will not look at them. Since there are such few houses on the market if you can renovate those properties people will start to look at them.

Later Thursday a smart home sales agent from Vivint came in to discuss smart home options for houses. Long story short this meeting was not anything we were expecting but I did learn a lot from it. Vivint relies mostly on door to door sales. They have high school and college kids go from door to door throughout the summer selling their product. The majority of the meeting he was trying to sell me a job and tried telling me I could make $300,000/year. Well all you have to do is a quick google search to find the real numbers. We tried questioning him on his product and he couldn’t even give us specific details. He also hinted at specific ways they are taught to gain more sales, most of them are by lying. I also looked them up and found they settled an alleged false information scandal from their sales reps for 3.2M 3 months ago. In the end I learned a lot of valuable lessons from the meeting.