All Forum Posts by: Brandon Lancaster

Jk about the Off season Question,  But I Did want to make Certain your not referring to 1 of the many Different Types of Hunting/Season .

I Have ill Knowledge regarding your question, But I am an Avid Bowhunter & Live in SE MI.

So im curious to "Where" the Property is? as well as (stated above) How Much your Looking to Lease it for/ Terms?

& what you mean by "Off Season?" (certainly regarding Career and)  Not Hunting Season.. Lol

As someone with over 16yrs in Masonry . Particularly in the RESTORATION & REPAIR FIELDS.

Most people Do Not Know or Realize the Extreme differences In..

Mason #1: That may have 25 Yrs as a mason, Laying Brick,Block Etc, Maybe even for the union..On New Construction.      &

Mason#2: That may have but 10 Yrs Experience in the field but Primarily with the "REPAIR WORK & RESTORATION SIDE of Masonry.

Mason # 1 at first glance may seem like the obvious choice with his 25 yrs , Journeyman for the Union Etc.. BUT HAS LITTLE TO NO EXPERIENCE WITH REPAIR WORK.

Their are Many "TRICKS TO THE TRADE" with Repair work ( Like being Capable of Making Brand New / Bone White Mortar, Look a hundred yrs old / Matching the Existing Mortar near Making your New Work Look as if its been their from the start , Being unnoticed & Nearly Impossible to see with the naked Eye. 

This Quality of Repair work Isnt Achieved JUST by changing a mortar color, they must Know Which of the many Jointing/ Tuck-Pointing Tools to use to Achieve this Look & so On.

Mason #1 also may have Little to no Experience with jackhammers/Certain Hand tools to Remove Brick,Mortar,Stone Etc,He gets up their and Tears Half the Wall down b/c he dont know how to "Finesse" Brick from a Wall.

Some Cases are More Critical then others. but Choose the mason by his TYPE of Exp. Along with Quality & Knowledge in Various Areas of the Field

So Iv been Searching for A Detailed map of my Area (& other areas) for some time now.

With the Conclusion of ' A pretty Basic Map, although Detailed down to the "Side Streets" Etc...Seem to be very Costly, 

I Started the process of ordering a 3' by 5' & like i said pretty basic as far as Added Features ( Population, Med. Income) & without the "Extras' We're talking  $250-$500+ (Dependant on a feature)!!

SO I RUN ACROSS A "AAA MAP" AND IM LIKE "YAHTZEE!!! , THIS WILL BE VERY HELPFUL. ( Of course it was of Arkansas & that Wont cut it).

So i look on the back of map it says $5.95 & its a 2017 Edition... "BINGO!!

Then i go on their website & after Exhausting my efforts, seems you Either Must be a customer/Member of theirs to even Purchase these i Believe, Or POSSIVBLY WITH A REFERRAL FROM A MEMBER YOU CAN GET THEM OR AT LEAST GET A DISCOUNT ON BECOMING A MEMBER.

B/C I See These as Extremely Valuable (your welcome if you do too)

ID BE EXTREMELY APPRECIATIVE TO ANY INSIGHT OR HELP.

I INVEST IN SOUTHEASTERN MICHIGAN & APPRECIATE ANY THOUGHTS OR HELP IN OBTAINING A MAP..(..As $2-600 is far too much for a little map.)

Thank you Again for your time, & i Really Hope this helped some others out with the idea.

Ian Reeves on Podcast #137 Says "It allows you to Buy a Property, Get it Rehabbed & Immediately Refinanced."

Now I Have Several Questions About this BRRRR Strategy/ With a Commercial Loan, but ill try to Keep it Simple.

1.He Says he Borrowed from a Short Term Fix & Flip Lender @ 10% Down, Rates @ 10.5% & 2 Points , With 1 Yr to Pay It Back. Brandon Says; "One of Biggest Downsides with the BRRRR Strategy is you Have to Get In & out Pretty Quickly & Banks Usually want you to Wait 6Mth-1Yr to Refinance.." So, Ian, Is this Why You went With a "Commercial Lender?"

Then they go on to Talk About Refinance Rates,Conventional Vs. Commercial (?) Etc.Etc

My Question : Is the  "Lender" that He Originally Borrowed From with 10% Down @ 10.5% for 1 Year, THE SAME "COMMERCIAL LENDER" that He Refinanced through IMMEDIATELY after Rehabbing, @ 5.75% For 20 Years????

Is the "COMMERCIAL LENDER in this example the same as a PRIVATE LENDER??

And Is this Common for a private/Commercial Lender to not Only LEND the Original Finances/Capital BUT ALSO "Refinance The Property for You, IMMEDIATELY After??

This Strikes Me as Odd to say the least , and i feel i have mistaken something.

Thanks A Mill.

Still Have This?

Hey Joe, Sorry to Hear about your Bad Experience with out of State investing in Detroit , & only Finding Bad Contractors.

With that being said , I am a R.E.I / Contractor , & tho Actions Speak Louder then Words , If you Read My "ABOUT ME" Section of My Profile the Truth of Basing my Business off of 3 key Things ; Honesty , Quality & Respect ( those things Must go both ways in the Relationship for it to Work in the End ). So Like Car Salesman/ Mechanics , Lawyers & Contractors...We're Not ALL Bad. 

Other then that Im Interested in the properties you Have / If you Still have them ?

If So, & youd Like to Talk about them , Im Interested. 

You Could Send the Details on the Property , Starting with Addresses if you want.

Thanks & Good Luck in Your Future Investing. (I was Born in Atlanta GA, AND WISH I WAS READY AT 12 yrs old, ID BE RICH LOL)

Hi Myranda! & Welcome to Bp

For Starters, I Know Squat About Northern California Investing (Besides its Most Likely Expensive When Comparing )   BUT , I Am From MICHIGAN ,& I Know a bit About the South Eastern Side of the State , Have Lived here the majority of My Life as well as Back & Forth from Atlanta GA.

So If You decide to move to MI Connect with me , ESP if it will be in this Region , Im sure I can Help in Some Ways , Other then that.....

ALL This STILL Means Not A Whole Lot in your Present Case...But If i Had 1 Suggestion It would be.........

" maybe trying to invest in Wisconsin since that's where all our connections are? I understand knowing the market you're investing in is extremely important, but I believe with our connections and during our time in each location, we have the ability to immerse ourselves in each market and learn about the area. "

WHICH IS YOUR OWN WORDS. THE MOST IMPORTANT OF WHAT YOU SAID ! ( IN MY EYES ANYHOW )

Id Start Where Im most Knowledged at the Time and for sure take advantage of being in , and getting to know People & Different Areas of the Country " while your in them." 

I See you have 2 Valuable things going for you , 1.) VA Loans.. 2.) Like i Said Having the Opportunity to Spend Years at a time in Different Markets. Thats Huge if you ask Me,(I want to Invest in other Areas but i am hesitant b/c i dont have the LUXURY of Having "My Boots On The Ground In Different Areas",& It Would/Will Cost Money..SO START SOMEWHERE..YOUR HOMETOWN IF THATS WHAT YOU FEEL IS BEST AT FIRST..THEN CAPITALIZE ON BEING ABLE TO IMMERSE YOUR LIFE IN DIFFERENT AREAS OF THE COUNTRY FOR EXTENDED PERIODS OF TIME, (Wish i could get paid to travel/Explore Areas before Investing ) .

After your First Deal , You could Realistically have Huge Advantages of going from "Zero 2 Hero" if your Dedicated.

And Tell Your Hubby I Said "Thank You for Serving FOR ALL OF US".....YOU ARE ALREADY HEROS.

@Scott Matthew C

Just seen Your Message for some reason It wasnt showing on my end of the Thread.

To answer your question about taking on more clients the Answer is yes.

Im looking to Work more With Investors ( then Regular Clients ) , on the Construction Side & Investing Side.

Jam!

Yes i am a G.C & Have Been Working IN & ON The Business Construction Field the Majority of my Life.

I FINALLY got In an Opening to Test Out for my "Residential Builders' License" Early Next Month, Which is Nice to Have for pulling Permits & other things In Construction, ( Though Myself and MOST Others have Gotten by Without it & Made Decent Money )...But In the R.E.I World... (if you plan to BRRR,Fix n Flip, Buy n Hold, & Esp. Build New Const. BEING OFFICIALLY LICENSED IN 14 DIFFERENT TRADES is Going to Be INVALUABLE. ( 96% of G.C's DO NOT Have Their Builders' License. )

Very Excited for The Future of R.E.I !!

Maybe We Can Make some Great Investments Togethor in the Future.