All Forum Posts by: Austin Ralls

Good evening BP Community, 

Can anyone shine some light on the rules and regulations on striking conversations with local pros and acquiring more PML to help fund deals? 

Can I walk into offices and leave a flyer for everyone in the office to read and set up zoom meetings with those people to go over the details further? 

Looking to have access to more capital to help do more deals this year and want to make sure i'm not breaking any laws and get into trouble. 

I am looking at adding a new strategy to my investing portfolio and have been looking for eco friendly ideas. I'm curious how much value increases on raw land if I place a manufacture home on it in the midwest region. 

I live in oklahoma where there are tons of raw land opportunities that I could snatch up and place a manufacture home on a 1/2-1 acre lot and flip it or rent it out. 

What has everyone else that does this seen? Is there room for a profit in this scenario or is this more of a long term game and renting the better route to take on this specific strategy? 

 Private message sent 

For rental purposes and refinance purposes to an appraiser. Will increasing the amount of bedrooms and bathrooms increase the value for us to refi at a higher value or will it stay the same unless we add square footage. 

I am looking to connect with investors that do padsplits in the following markets. 

Kansas City, MO

Houston

Dallas

Austin

San Antonio

Can adding a bedroom and bathroom without increasing the square footage of the home still increase its value? Or is the only way to increase its value to add sqft? 

I am planning too do padsplits in my current markets and know the best thing to do is add bedrooms and bathrooms but want to know if this will increase my properties overall value for a higher refi amount or if it won't change anything unless I increase the homes sqft along with adding the bedrooms and bathrooms. 

My main strategy has been fix and flips and I've built up enough cash and relationships with private lenders that I want to start getting rentals added to my portfolio and investing strategy. With that said, refinancing the loan is bringing a whole new vocabulary and I'm wanting to get some clarity even though I know this will be looked at as a dumb question. 

When I finish with my remodel and I'm going to refi the property and I want to do a cash-out refi, will they give me cash proceeds if I refi at the 75% and its more then what I owe my HML?

So if I have $65,000 invested in the property and its arv is 100,000 will i be able to get that additional 10,000 in cash proceeds as part of my "Profit" or is it only allowed to cover what other loan is on the property? Again, I know this is probably a dumb question because the answer is within the question, but I want to get clarity before I just push all in on this model. 

Thanks!

Hello BP Family! 

I am interested in doing new builds in my areas that I'm investing in to flip as well as hold and do rentals in. I have a background as a GC and have the guys to do every scope of the project. I'm looking to connect with those who do the same strategy and see what your cost per sqft was and how your profit margins were for both flips and cashout refi's and turning them into rentals as well. 

Thank you,

Austin Ralls

@Bruce Lynn I will use the guys on my crews and use licensed subs on areas that need to be licensed. 

Going to networking events in your local market or getting on fb groups will help you find the right people. But its all about how you connect with them and the deals you have. Most PML that provide gap will want 20-25% ROI so its worth their time and risk. You have to find the right HML as well. Most will want to see you have the CTC in your account and allow you to use a Gap lender only if you have that proof. There are a few out there that allow Gap lenders to come on without you providing POF in your own account, but most want you to have experience so they know you're not a newbie trying the business out without any risk and walk away if the property doesn't work out.