All Forum Posts by: Briyana Hawkins

Hey Albert! A year later and I’m considering getting a business loan. What did you guys decide?

Hey Sam, I'm looking for properties in the $60K range, what area was your deal in? 

Wow, I have the same question. In a similar situation! 

@Mark Cruse I made another post that's a little more specific. I just actually went back and reread this thread and saw you're interested in a JV if the numbers make sense. I think I have a great opportunity I've like to share with you.

@Mark Cruse do you mind if I send you a PM? 

There's an awesome deal we're hoping to close on with great comps in Baltimore near John Hopkins and hot investment area. As newbies, we want to understand how to go about partnering with someone for the deal... We have enough for a down payment so would the two entities split the down payment for HML? Is the profit split automatically 50/50? Or what would the split be if an investor funded the rehab? We don't want to get swindled because we're not as experienced. Thanks for any advice and suggestions!

Congrats Lamar! @Lamar Wint Wishing you must success on your relocation and on your first deal.

@Beth H. Your response was very kind! Do you know of any HML or investors willing to work with newbies? We've found a great deal a few minutes away from John Hopkins a hot area but capital is kinda holding us back.

Hello Tadela! We are hoping to complete our fix and flip in Baltimore. Would love to connect!

@Kelly Claiborne it's definitely been money :( So many deals were found but we lacked the capital. We have just saved up for a down payment to use towards a HML for a great fixer upper in Baltimore. Hoping to hear back from a HML or investor about working together to complete our first deal. Again, money has definitely been the biggest barrier.

Hello BP Family! About to pull the trigger on a deal. 2 bed, 1 bath, den - 900 sf Baltimore MD 

Purchase Price -$65K / ARV $160K minimum / Seriously considering adding another Bedroom or bathroom to make it a 3:1 for an ARV around $180K+

The HML analysis indicated a max loan of $112K but is only covering up to $23K of renovations. At $23K of renovations and $65K purchase price, that leaves an additional $24K in the loan I assumed could go to the renovations but this doesn't appear to be so. I'm certain renovations will be $35K minimum. In this situation, is it better to go with another HML? Partner with Someone? Not sure where to go from here and I am new to fix and flips.

Thank you for any advice or suggestions offered!