Michael Inkman

Fairway Independent Mortgage Corp.

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Michael Inkman | Fairway Independent Mortgage Corporation
5.0
Based on 103 reviews
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Lee Vanvolkenburg
15:43 23 Nov 23
Michael and his team were wonderful to deal with. They were excellent with communication and always available to answer questions. Thank you all!
williams lovos
22:54 16 Nov 23
We close on the house tomorrow! Thank you David and Michael for making my first home buying a smooth process. I had several out of the ordinary situations that would had easily not been possible to get the loan in the time that they were able to approve it. My wife and I are forever grateful for the work the team did. Thank you again!
Mario Silvestri III
16:45 16 Nov 23
Rex Perkins
16:56 15 Nov 23
Everything had been going well over the past two years since refinancing an existing mortgage. The application process, approval, servicing website, everything had been very smooth, nothing but the best service. I then had a minor issue arise. We had a wind loss claim on our home and, unfortunately, I had put off getting the check cosigned until the last minute. An issue arose as part of a minor miscommunication in terms of where the check was to be forwarded for endorsement.To make a long story short, I feared that this miscommunication and misdirected check coupled with my procrastination were going to result in the check expiring and a huge hassle on my part to go through the process again. Mr. Inkman nor his branch were in any way involved with my account or account management, yet, the check inadvertently ended up in their draft loss department and I feared this would further delay things. I was a bit frantic.One of those that I emailed was Mr. Inkman. In an era when customer service is not as valued as in the past, I was very skeptical I would meet the deadline. But, to my surprise, Mr. Inkman took it on his own to personally get things done and get the issue resolved. It appears that he tracked down the overnighted check personally, directed it for signature, packaged and overnighted the check back to me. All the while remaining professional and pleasant and providing consistent email updates on the status. It doesn't even look like he delegated, rather taking the initiative and seeing it through on his own.To me, that's not just doing a job, that's going above and beyond in terms of leadership, professionalism, and customer service. We could not be more happy. And, as a further sign of good will, the Fairway CEO actually emailed me personally to follow-up and assure resolution. Been very happy with Fairway since my refinance, Mr. Inkman's efforts only further reinforce that opinion.
Samer Fallouh
15:01 15 Nov 23
Debbie Salas
21:47 03 Oct 23
This transaction probably would not have happened without Michael. Whenever we hit a stumbling block, he found a way around it! He kept us informed and was a positive light all the way through to the end and beyond.Thanks
Eric Kieffer
22:46 16 Aug 23
Did business with Michael about 20 years ago and he was happy to help us again. He and his team did a great job. See you in another 20.

Strategies for Turning Fixer-Uppers into Profitable Investments

February 7, 2024 by Michael Inkman

Home flipping – a journey that transforms neglected fixer-uppers into profitable investments. If you’re considering entering the real estate game or looking to enhance your flipping skills, you’ve come to the right place. Let’s explore some tried-and-true strategies that can help you turn those distressed properties into lucrative ventures.

Thorough Research and Analysis:

Before making any investment, it’s crucial to conduct extensive research. Identify emerging neighborhoods, assess market trends, and understand the potential resale value of the property. Look for fixer-uppers in areas where property values are on the rise, ensuring a higher return on investment.

Create a Realistic Budget:

One of the keys to successful home flipping is careful budgeting. Account for all potential expenses, including renovation costs, permits, and unexpected issues that may arise during the project. A well-planned budget will help you avoid financial pitfalls and maximize your profit margins.

Assemble a Reliable Team:

Building a team of skilled professionals is essential for a successful flip. From contractors and plumbers to electricians and real estate agents, surround yourself with a trustworthy and competent team. A reliable team will not only ensure quality work but also help you navigate challenges efficiently.

Prioritize Cosmetic Improvements:

Focus on making cosmetic improvements that have a significant impact on the property’s appeal. Fresh paint, modern fixtures, and upgraded landscaping can drastically enhance the overall look and feel of a home without breaking the bank.

Address Structural Issues:

While cosmetic improvements are important, don’t overlook structural issues. Addressing problems like a leaky roof, faulty wiring, or plumbing issues is crucial for the long-term success of your investment. Buyers are more likely to pay a premium for a home with solid structural integrity.

Staging for Success:

Properly staging a home can make a world of difference when it comes to attracting potential buyers. Consider hiring a professional stager to showcase the property’s potential and create a welcoming atmosphere. This can significantly speed up the selling process.

Strategic Timing for Sale:

Timing is everything in the real estate market. Keep an eye on seasonal trends and aim to list your renovated property when demand is high. Selling during peak seasons can help you secure a quicker sale and potentially higher offers.

Build Relationships with Local Experts:

Networking is key in the real estate business. Connect with local real estate agents, property inspectors, and other investors. Their insights and advice can be invaluable, providing you with a better understanding of the local market dynamics.

Turning fixer-uppers into profitable investments requires a combination of strategic planning, meticulous execution, and a keen eye for market trends. By following these strategies, you’ll be better equipped to navigate the world of home flipping and turn your investments into a lucrative venture. 

Filed Under: Around The Home Tagged With: Budget, House Flipping, Mortgage

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Michael Inkman

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michael@michaelinkman.com
Mobile: (214) 762-4659
NMLS #152707

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The content on this website is written by Michael and reflects his opinion, and not the opinion of Fairway Independent Mortgage Corporation.

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Carrollton, TX 75007

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