All Forum Posts by: Adam Loud

@Cody Z. I did most of it myself alongside a good contractor friend. We were able to get it done in about 2 weeks of after work and two weekends.

@Jared Mann They are great. Quiet and efficient only downside is they dont heat the "bones" of the house to well. So its not a real uniform heat. But in my situation where its a type of "live-in-flip" i think they are a great investment.

@Christian L Babcock the system i just installed in my house was eligible for a 1,600$ rebate in Massachusetts.

2600$ in material

Im a licenced hvac tech so labor was free

And a 1600$ rebate.

Not to bad for a brand new hvac system for 1000$

@Jared Mann i install these systems professionally for my currnt employer. I just recently put a mitsubishi hyper heat system in my main residence to switch from oil. On average there is a savings of 80$/month in heat cost.

There are alot of options when it comes to these. The traditional wall unit. But now they are able to take that same heat pump condenser (the outdoor unit) and run it to a standard ducted system. There are also slim ducted units. These are small ducted units ideal for top floor bedrooms or 1st floor rooms where you can put the unit above the ceiling and run just 2 or 3 small ducts to the area being conditioned.

Some units also give you the ability to heat and cool independently per room which is a nice feature and eliminates fighting over the main thermostat.

If you have any questions shoot me a message.

@Cody Z. Im not sure of your exact situation, but it sounds similar to mine. I bought my primary residence in riugh shape a year ago. Same deal. Cracked/sinking back corner of foundation and rotted llally columns that caused cracked joist and wavy floors.

The seller agreed to let me repair this before my fha appraisal. I have a close friend who took out the permit to do the work. We jacked up the center beam slightly, and put in temps so we could remove the rotted columns. Then we dug into the foundation to reveal the footers. Called for an inspection of tue footers (that sit under the foundation and support the load beam) then we added new collumns and set the beam back down.

As for the foundation. I was able to remove/cut the bolts that hold the sill to the foundation. I then jacked up the corner of the house to level. And added shimming to the sill before we set it back down on the foundation where it was now level. We then added drainage and graded the yard so that water could not get under the foundation anymore.

I would say that depending on what team you put together its not 30k. However i dont know your exact situation. Do as much research regarding your specific needs. Many contractors will probably tell you that its worse than it is because its not hard to have someone throw money at them when you tell them their house is going to break in half. Do your homework and weed out the shotty contractors. Best of luck!

Hey BP,

I have a few questions regaurding the legal side of wholesailing. I have not been through the process of buying a property so please bear with me if my questions seem "novice". Im looking for knowledge of the entire process of wholesaling a property on the legal side. I understand everything leading up to when I ask the seller to sign the purchase and sales agreement. does this have to be done at a notary? Does the assignment of contract get signed by the end buyer and follows the original purchase agreement to the attorney for closing? How does the closing work? Does the end buyer have to meet the attorney at their office to close in person or can this all be done "virtually".  these are the last few roadblocks i see in my way. I appreciate any answer you can give for me and would be willing to return any favor if there is something i can do for you.

Again thank you for your time

Best,

Adam Loud

Hey Mike,

I to am a beginner wholesailer in the area. I have got 90% of my knowledge so far through BP. The podcasts are amazing. Ive also found by taking the initiative and reaching out to anyone who has posted about something you want to know or someone who you may need on your list (buyer, attorney, ect.) Everyone is very willing to help. Networking is a key to success for wholesailing and there are many people on here in out area that are willing to help. I just got together my first list and plan to begin my first mailing campaign within the month. I dont know to much yet but if theres anything i can help you with ill do my best. Stay at it and good luck!

Thanks for the response @Andrew Postell. It seems that most HML's only lend to an experienced investor. I have no record of owning property and little out of pocket funds. I think the best thing for me is to find private money but that isnt so easy without expirence either. Are there any other ways im forgetting that could help my situation? Thanks again.

Hello BP,

I am currently in the process of my first direct mail campaign. My initial plans are to wholesale to raise capital so i can get to my future goals of fix and flipping. However, im curious what the best options are for someone like me to get a loan for a fix and flip and surpass the Wholesailing part. I recently got pre approved for a purchace price of 140k. (Which is not much in my area). Finding something that would pass for a conventional loan in the boston area is nearly impossible. My question is when my mail starts to generate a few leads i want to be able to invest in them myself but i will wholesail if it makes sense. I dont have much for a down payment and family and friends are nkt an option for me. Any advice for someone like me? Thankyou in advance for anyone who replies.

Best,

Hey all,

  Im gearing up to put my real estate career in full swing. Im looking to see if anyone has any recommendations for a good real estate attorney in the plymouth county area. Also looking for contractors and wholesalers in the area. Please feel free to reach out.

Thankyou

Adam