All Forum Posts by: Blaine Cox

Looking for some good recommendations for contractors in the Louisville market.  Have some potential opportunities in Lou but looking for a good contractor.  I know these are very well kept secrets, but any advice would be appreciated.  

Looking to connect with an attorney that has experience with SBA loans.   Thank you!  

Possibly buying a home that is for sale by owner.  I have a "template" of a purchase contract from a title company, but was curious if anyone on here may have access to a really nice contract.  We would need to add the contingencies for title, appraisal, inspection, etc so just wanting to make sure to cover all the necessary items.  

Curious to see what some of you may be using to generate lists of multi-family property owners that may own the property out right.  Thank you in advance!

@Drew Sygit thank you for the information!!

@Myrtle Mike Thompson Thank you.  I will check them out.

Looking for referrals on property management in the Myrtle Beach area.  Preferably those that specialize in multifamily / apartment complexes.  

Thank you in advance!

@Andrés Uribe I would love that spread sheet as well if you're willing!

Thank you for the response!  Great info 

So I need some help on a 1st grade level.....  There is a family friend I want to approach in regards to private money/private lending.  I've heard a lot about this but I haven't really seen it dumbed down on how it works.  For example purposes let's say family friend lends $100,000 for a project/projects.  How is this set up?  Does he take first position like a hard money lender would, but without the points?  If its multiple projects how would that part work?Would it be interest only payments, etc, etc...  I keep hearing that its a good deal on both ends; me to gain capital, and him to make better interest than the stock market.  

My confusion lies within the financing.  If we were to agree on 8 to 10%, is that interest only payments?  Do you guys use this private money as a revolving line of credit?  I just want to be able to present this to him broken down to every detail.....  

Thank you in advance!

So I have found a duplex listed for $235,000. It's a 3 bed/2 bath each side and it's in a good area next to a community park and would stay rented (at least I would think so). Not too much work would be needed to get it rent ready. It may need a roof in the next few years, but I would most likely present my offer contingent the roof be replaced. After running the numbers I would be above 8% ROI and around $350+ cash flow if I were able to purchase between $200 - $215K.

This deal would require me to put the down payment down with my own cash. That would pretty much wipe out the equity we made off of the sale of our primary home a few months back. I see on here that a lot of investors have actually gone conventional financing and had to put the 20% down and then were able to continue to scale even though that cash is "gone"... I really wanted to re start my investing using the BRRRR method but wondering if I should pull the trigger on this particular deal.

Any thoughts are appreciated.....