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All Forum Posts by: David T.

David T. has started 61 posts and replied 610 times.

Post: Do you really like what you do? - so let's have some fun then!

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

To celebrate the new BP video facility and the arrival of 2015 we were thinking of putting together a video montage of RE investors who really like what they do and have no problem making a (max) 30 second statement about it on video.

So the idea was we will go round Atlanta (or Las Vegas) and make videos of Investors or developers standing (proudly) in front of their latest or favorite project stating why they love what they do. If you have a family or team member with something positive to say, we can include them too. when we have enough copy, we'll get it professionally edited and have it live on BP for new years.....

I even bought a video cam and boom mike for the gig, so let's roll.....!

So anyone who'd like to participate (I can think of a few already!) let me know and we'll set it up. email me with the time and place. Please remember this is all positive stuff, no whiners!

I will be in LV for a few days next week, so anyone there interested get back to me ASAP.

The best way to do this is to prepare a script and once you have that, you're good to go. If you're a family or group, share the script.

Just so you know, the video editor gets the final say. 

So what are you waiting for? [email protected]

Comments, advice or suggestions always welcome of course!

Post: Looking for oldest possible USA property price analysis and tracking.

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

We all know that RE is a great investment and it has kept pace with inflation and all that good stuff. However, how far back back does this tracking go? Most of what can be found is just around 100 years. surely there must be some way of tracking US property prices back further than that? For example, is there anything available as far back as 1776 or further than about 120 years? 

Post: Vetting your future team

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

Good idea, good attitude, wrong approach. Find a deal and use it to leverage the relationships. Most HMLs and professionals I know won't give you much of their time unless you have a specific deal on offer. Talk is cheap. 

Best of luck with it. 

Post: Sharing a successful Flip

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

Congrats Yaz, great deal! keep them rolling!

Post: What would you do in my position? Contract "tweaks"

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

We have NEVER allowed a buyer that kind of access to a property, regardless of condition. Possession is nine points of the law, didn't you know? 

Post: home remodeling loan

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

Rather than keep digging yourself into a hole, who not stop and put together a plan that has a beginning, a middle and a (happy) ending? It might not be too late?......

Post: Rachelle Valmeus- Atlanta, GA

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

Welcome Rachelle and best of luck, you seem to have found yourself a great niche. Well done! 

Post: How did you complete your first rehab flip?

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

I used a friend for funding against my better judgement, now we only use HMLs - it's actually cheaper and a lot less grief. Tried to rehab myself and got ripped off wholesale for time and money (heh), so now only use a GC for this stuff which can be tough to find. Bought it in an auction, but we stay away from realtors for buying properties and prefer to deal directly with the owners.

The key element of flipping is being in control, post to post and don't take chit from anyone. Best of luck with it. 

Post: HML Holds Title; Refi to Conventional Loan

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

Zoran, 

switching horses midstream is never a good move. If you want to get into buy and hold, you should plan accordingly from the outset. Switching a flip to a buy and hold is usually only because you can't sell the property which means you're taking on a lemon anyway. 

It also sounds like you have outgrown your existing partner who is obviously dictating all the terms of the relationship. You might be experienced enough by now to change your model and move yourself up the ladder....  

Take a look around and see what your options are. Meantime, get this deal wrapped. if you want to ramp yourself up, your first move should be a business plan which takes time and research....

best of luck with it.

Post: Hello from CA, lots of questions!

David T.Posted
  • Specialist
  • Las Vegas, NV
  • Posts 639
  • Votes 176

Dani, take your time and work through some of the stuff here. it's like a massive personal library and every investor question has been dealt with here at some stage or another. 

Best of luck with your deals!