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All Forum Posts by: Andy Davey

Andy Davey has started 20 posts and replied 64 times.

Post: Custom Quotes for Fix and Flip Funding

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11

We custom quote every deal we do.  Why?  To ensure the INVESTOR has the TOTAL COST, BEST DEAL, AND FLEXIBILITY.  

Close FAST with the most PROFESSIONAL and most EXPERIENCED team in Kansas City on YOUR deal.  

Post: When using hard money, how should I draft the purchase offer?

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11

The title company will be surprised when you go to close if you say you are doing a cash offer when you are not (not to mention that if you are planning on financing you would be lying to the seller).  If you have a good hard money lender they should be able to close very quickly so that you are "as fast as cash" compared to traditional financing methods which can take between 30 and 60 days to close.  

I suggest showing your letter from your hard money lender to your seller with assurances about how you can close fast and be honest in your contract contingent upon financing.  

Happy investing!

Post: Starting a Mortgage Finance Company

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11
I am happy to review with you what we do and why we do it. Message me!

Post: New to this

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11
I would add to the great comments that you should definitely find some local investment groups REI and similar and learn from those in your area. Best regards!

Post: fix and flip/buy and hold

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11
Megan - you may also look for a "hard money" lender in your area. We sometimes make things harder than needed. You need 3 things - properties, contractors, and money. If you have a relationship network on each you will do well. I suggest getting to your local REI and learn what you are good at so you can get all three covered.

Post: Fix or Replace AC and Furnace for flip

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11
Have you taken into account hold costs as part of your model for whether this is a good idea? Certainly all investors have their margin for the project but quick turn and seller disclosure / inspection ease may help make your determination - In many markets right now sales are quick and inventory low so you can just do as said and do the warranty to make the sale

Post: Kansas City/Overland Park contractors

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11

I suggest you attend MAREI or 'Winvestors' where investors meet and work deals.  They have some great info and can give you direct contacts for reputable folks.  If you need info on these groups let me know.

Andy

Post: New Investor

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11

Welcome!  I suggest both MAREI and Winvestors meetings in KC for real investors that are actually working in various areas.  If you need logistics on these meetings let me know and take care!

Andy

Post: Moving back to KC to invest

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11

I would highly suggest going to WInvestors on Wednesday mornings down in Mission, KS.  Run by the winberry's it is a great group of real investors doing real deals.  You can connect to those that not only can answer your questions but connect with properties

Post: Investor Chat with JD Asbell of We Buy Ugly Houses

Andy DaveyPosted
  • Professional Services
  • Shawnee Mission, KS
  • Posts 70
  • Votes 11

If you are looking at becoming an investor, flipping or rental, we are sponsoring JD Asbell of We Buy Ugly Houses Tuesday at 9am at the office.  With over 900 properties purchased his vast experience and open style makes for a great small group discussion.  Seating is very limited so please contact me if you are wanting to attend.