All Forum Posts by: Ben Aaron

How much do you need?

The way I like to do when I cant find a lender is either CC Funding and get 0% APR Capital or BLOC and like that, no one asks me whats the money for.

Here in the SF Bay Area, I pay around $3000 for an architect who just for the plans and files the permits.
I have an interior designer shes very experienced and helps me with exterior/interior and landscaping she charges around $5000 including also her ordering and making sure all materials arrive at the site.

Might not sound cheap but after I got those 2 I was able to scale up my flipping business and the ROI make sense.

I have an interior designer shes very experienced and helps me with exterior/interior and landscaping she charges around $5000 including also her ordering and making sure all materials arrive at the site.

I hope I understand your questions, I will base my answer on what I am doing.

I'm using a hard money lender for the purchase + rehab costs. For rehab, I sent him SOW with the budget and what I'm going to do. 
On the closing(using your example) it will show 60K for the seller and the additional 20K will show on the buyer as a credit( Will not receive it), this money I will get back after paying it and sending the lender construction draws. I'm using 0% APR for 12 months cards to fund it and helping my clients get it as well, After that once I have my tenant moving in I am doing the refinance 70% from ARV of 120K = 84K like that I'm paying back the hard money lender and I will pay the card and close the balance of the card.
Hope it answered your question