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All Forum Posts by: Brett K.

Brett K. has started 54 posts and replied 303 times.

Post: Typical Hard Money Costs

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

Thanks for the input. I called a local hard money guy and he charges 12% to 15% and 5 points.

Post: Typical Hard Money Costs

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

I'm looking at borrowing some money for a deal from a friend and I told him I'd pay the going hard money rate to make it fair. Problem is, I don't know the going rate. I know it varies but I'd appreciate an idea of the points and rates from a few people so I can put together my proposal and budget. Many thanks,

Post: Using a professional to estimate repair costs

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

Hi Patricia, If I offered to help someone I would refuse money but I would probably accept a working lunch and I'd certainly appreciate a gift certificate (restaurant) or nice thank-you note in the mail. If he's also a contractor the biggest thank-you might be hiring him for a job.

Post: Murder House

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

Good luck Matt. I'd really love to hear how it turns out. I'm a real estate appraiser too so I'd love to hear about the market reaction to this property. I've never appraised anything like it.

Post: The Best Before/After Photos!! (Post Yours, Too!)

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

This was my first fix-and-flip. It's located in a first-time buyers market so I couldn't get too elaborate but I did ad sliding 'barn-door' style doors to the middle room and I had a blast.

Post: Murder House

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

Sorry. I couldn't resist. It doesn't have to be disclosed in my state either. In contrast to my insensitive remark above I'm a big believer in full disclosure. Imagine how your buyer will feel after they close on the house and move in and then find out from the neighbors what happened.

Post: Murder House

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

It's almost Halloween. You could sell tickets before you start the rehab.

Post: Latest rehab pictures

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

You can try a google. If you create a new folder in google you can upload pictures to it and then post the link-

https://docs.google.com/folder/d/0B7U-dPIaimb8RDlSRE1CYThWU0k/edit?usp=sharing

This should work. Anyone can copy and past the link into their browser and see pics of one of my projects.

Post: Should I have any business investing in Real Estate?

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

There is a deeper issue at hand. Yes, RE investing can help you achieve your financial goals but so can day trading. But neither one can take the place of your passion. You may come to enjoy it but if you don't you'll end up with a new endeavor that will give you that familiar sensation of blowtorching your head with an added detriment- the risk of loosing your arse financially! Unless your job has you in a pair of golden handcuffs why not bail and get a job that will indulge your passion? Why take another step away from what you want to do? If your pockets are deep enough dive in and do a deal to see if you like it. If you don't well, life is short. Cheers to ya.

Post: Anyone Interested in a (pitch free) webinar?

Brett K.Posted
  • Property Manager
  • Louisville, KY
  • Posts 309
  • Votes 115

I'd probably try to sit in on a "How to get the most out of BP". I'd love it if you could put it on Youtube. That way if I can't sit in live I could still watch it.