All Forum Posts by: Mark Caudill

Artur,

Thank you for your cautionary words. Hence the reason for the diligence disclaimer. Im glad you are open minded enough not to kabash the whole thing. I want to see where it goes. BTW, would you have invested in Microsoft, Dish Network, or Apple if you had seen where they started? I know the odds are not in their favor but lets see where it leads before we invest a dime.

No, its all true. Their challange now is production. If you review their website they are planning on multiple hubs throughout the US. Maiking a trip out west soon to get a look. I'll kepp you posted 

@eric teran I always appreciate getting input from someone who is "doing the work" rather than hypothesis and uninformed perceptions. 

For me its seeing the potential impact this would have for developers on many levels ( they build custom homes and apts and hotels). 

I always "check myself, before I wreck myself" if it seems too good to be true. Im booking a flight to hemet, ca to check them out. Ill report back.

There is a new green modular company out of hemet, ca. S2A Modular Went thru their presentation yesterday. Just wanted to see if anyone else has looked into them. Supposedly they can build a custom or one of their predesigned floor plans with tesla powerwall, graphene solar panels for a "net-zero" or "net-positive" house for $165 a sq ft. First units out by 2021.

Guys, thank you for your insights. I have an excellent pool of subs down in pueblo. My realtor is awesome. So it sounds like I need to get ny financial team together.

Hey guys thanks for the replies. It turns out the bank still is 4k more then what we can purchase it for. I found another property that works better with our budget waiting for an answer. Ill update you shortly.

@Phil Kilpatrick phil im looking for advice can you reach out when you can 7202337844

@Phil Kilpatrick correction deltec homes. Sorry its been awhile since I contacted them

Hello BP fam. Its been 3 yrs since my last post. I have never given up on investing in RE and now am taking action.

I currently have a bank owned property under contract the details are as follows:

Purchase: 113k

Rehab: 40k max 60 days,

ARV: 215k (I realistically see it selling in the Pueblo market for 200k to 204)

10 day close.

I own my own construction company so the work will be done by me saving labor costs.

Challenge: I have partnered withy son and have a Hard Money Lender loaning 85%aquisition/100% rehab @10%, 12 months interest only. We have combined assets of 18k of the 27k we need to close the loan. I can borrow another 6k @ 20% interest for 6 months but would prefer not to. We are so close. Any ideas on how to make up the difference?

Im realistic enough to know the first one will stretch and challenge us but once we get thru this one the world opens up. Any advice? Thanks in advance!

@Phil Kilpatrick the name of the company is eagles nest homes out of GA. Great peeps.