All Forum Posts by: Benjamin Verrill

Thanks so much @Joes Juan for setting this up! I've read a ton of real estate books, listened to over a hundred of the BP podcasts, watched a bunch of webinars, and this meetup was still one of the most informative things I've experienced so far. I really appreciate you and your team taking the time to walk us new guys through your properties and explaining exactly how you made everything work. It's been a huge help to my team, and a huge confidence booster. Looking forward to the next one!

One of my business partners will be attending. We’re excited to get to know everyone!

@Joes Juan Hey Joes thanks for setting that up last week! My team and I learned a ton. Have you figured out what you're doing for showing off your flips this weekend?

@Nathan Nunley Definitely check out the local meetups. My team and I went to our first one last week up in Lawrence and it was one of the most informative things we've done so far. Connected with some great people and got some awesome referrals. Check out the Events section here on BP!

Hi folks,

Starting to look at some properties in southern NH and need some ideas for lenders to start speaking to. Does anyone have any suggestions?

Thanks!

Thanks for the response! For starting out, do you feel like it’s best to get comp info from an agent?

Hi everyone! I have another newbie question for those that have been flipping for a while. When it comes to determining how to bring the target value of a property up, how do you determine what to do for repairs/improvements? Is this based off of comps? For example, say my company purchases a 3br/2 bath for $100k. Would I look at other properties that are similar but worth more and try to make mine like them? I’ve read books on flipping, gone trough the BP blogs, but have never really seen an answer to this. I appreciate your feedback!

Hi all,

Something I don't fully understand. I've been studying up on hard money loans, and from what I understand a lot of the time when you try to get one, you won't get the full amount. That's fine, you have to have some skin in the game and all that. What I don't get, though, is why can't you request a hard money loan for a down payment on a flip for a conventional loan? For example, say I have either enough money for either the down payment or for the rehab costs, but I cant' fund both. I'd have my own money at risk as well as the lenders. From what I've read, this isn't possible to do. I know that many would recommend getting some private money somewhere or looking for a partner, but that's not my focus here. Can someone familiar with hard money loans explain this to me?

Thanks!

@David Thompson That makes sense, David. I know that there are still quite a few apartments that they need to renovate, and I believe they're also looking to add additional buildings as well. The exterior is plain brick, and I wouldn't be surprised if they were looking to update the look of that too. Thanks for the input, and thanks for the additional resources! 

Thanks for your input, guys!