All Forum Posts by: Brandon Hall

@Dan Travieso Thank you for the information I appreciate the help!

@Dan Travieso Correct me if I'm wrong but I don't think the CoC return would be poor. Assuming a purchase price of 575K and a 20% down payment the cash invested into the deal would be 115K (without a wholesale fee of course). While the true cash flow is by my estimations going to be exactly $1321.45 per month. Which if I understand the equations correctly would give me an 13.7% for a CoC return. I believe anything over 10% is a solid CoC return unless I am mistaken. This is all estimating with a non cash buyer, as there aren't too many full cash buyers in my region.

Hello everyone,

I am currently looking into how to accurately price a rental that has positive cashflow and doesn't need much work. The portfolio I am looking at generates a positive monthly cash flow of over $1000 (after accounting for everything including taxes, insurance, CapEx, vacancy, misc. expenses, etc.). I am wondering if I would still have to get the contract for around 70% since it has significant positive cash flow numbers, as well as the fact that it is a portfolio of properties valued around 700K. I was looking at purchasing it for around 560K which is 80%, but am not sure if I will be able to get it that low. Any thoughts or advice on analyzing this?

Appreciate the help!

@Luke Trovinger There are a ton of sights out there that do crowdfunding (I know sometimes BP talks about them on the podcast), I was planning on using " Fund That Flip" because it seemed like they had solid rates and were fairly easy to work with. As far as I can tell the requirements are fairly similar to a HML with a fairly similar interest rate. I wasn't sure if you would be able to combine two of these methods to get 100% of the project funded, but it seems that I may be better just using one or the other.

@Lien Vuong That is somewhat along the lines of what I have discovered. I was just trying to see if anyone had any other ideas! Also I've already been in touch with Dan and have been working with him for a little bit now, thank you for the help!

@Julio Gonzalez Thank you!

@Anthoney Hanks Thank you!

Hi everyone,

I was wondering if anyone could give me some information. I know there are several ways to fund flips, hard money, crowdfunding, personal money, investor, etc. I was wondering if anyone had any thoughts on using both hard money and a crowdfunding sight to fund the flip. I know most hard money lenders like that you have some "skin" in the deal, but I don't have quite enough saved up for that. My thought process was to fund the rest of the deal (like roughly 10%) of the cash needed with crowdfunding, but wondered if anyone had any thoughts on this, or better strategies for me.

Thanks!

Hi everyone, I was wondering if anyone could give me some information. I know there are several ways to fund flips, hard money, crowdfunding, personal money, investor, etc. I was wondering if anyone had any thoughts on using both hard money and a crowdfunding sight to fund the flip. I know most hard money lenders like that you have some "skin" in the deal, but I don't have quite enough saved up for that. My thought process was to fund the rest of the deal (like roughly 10%) of the cash needed with crowdfunding, but wondered if anyone had any thoughts on this, or better strategies for me.

Thanks!

@David Robertson Thank you for sharing, I am sure it will be a great help!