All Forum Posts by: Ben Sturgill

We do fix and flips with 7-10 projects going at anytime.
All our deals are financed by a lender at 75% of ARV.

They pay for the house then. We front the cash to start the reno then they reimburse us for the work completed. We pay them back at close.

For people/teams that do something similar, I'm curious what software you use or spreadsheets you've created to:
Track cash current cash flow and projected cash flow for the whole business that including fixed costs like payroll and variable costs as well.

Thanks

We do fix and flips with 7-10 projects going at anytime. 
All our deals are financed by a lender at 75% of ARV.

They pay for the house then. We front the cash to start the reno then they reimburse us for the work completed. We pay them back at close.

For people/teams that do something similar, I'm curious what software you use or spreadsheets you've created to: 
Track cash current cash flow and projected cash flow for the whole business that including fixed costs like payroll and variable costs as well. 

Thanks

I have a team of four people building a fix and flip business.  Our acquisitions person is walking properties and making offers, our project manager creates the product, my partner does dispo and I go get investors. As we grow, we need to refine our processes and make it easy and simple to implement. I’m looking for an app or software other teams have used to create or follow a process from contract to contract and have the whole team on same page. Any suggestions?

Thanks, everyone. I appreciate the feedback. I should have mentioned the product I was told about that needed to bundle 5 properties together was offered at 5.8-6.2%. I'm looking for a product at or below 6% that allows us to refinance them one at a time at 75% LTV.

HI all, 

My partner and I are looking for a long-term rental refinance product for single-family homes. We have been doing a lot of flips with a LOC and hard money for the down payment. However, we plan to start retaining these in a long-term rental portfolio. Once renovated, rented, and stabilized we are looking to refinance the properties with a long-term loan. I've been told of a product that fits this criteria but it would require lumping 5 properties together at once. Does anyone know of a product to do this one at a time? THanks