All Forum Posts by: Brad Uricchio

Don't know the SD rates. I started the business in Orlando, and it still operates there, even though I live in SD.

Found a site thru LinkedIn with links to potential lenders,

Again, though, while each lender is going to tailor terms to each situation and, yes, having more of my own "skin in the game" makes it more interesting. If you all were going to put out an investor proposal letter, what wold you offer? Prob not going to use friends or family, so this needs to be something that attracts real business people. Thanks

I'm looking to start really growing my rehab investing company. Only problem - we're a little strapped for capital. Last time I looked, local hard money lending terms seemed a little harsh - harder to clear a profit with the smaller margins we're seeing now - and frankly, I think there are other lenders out there offering better terms. My question is, what sort of rate of return is reasonable enough to grab their attention? We managed a 17% ROI on a project, and I have another on the market with similar prospects, but I don't know if we'll aways do that. And I don't want all of my profit going to my lender. I gather that a general ROI of 10% applies for most business and stock investments, but does this hold true in real estate? And that's an annual return, so if we flipped a property in 6 months, can I just pay back half as much? Thanks

Thanks to all for your replies - I feel like I did the smart thing. I'm not a realtor, but I am trying to keep everything on the "up & up". I know to some degree it's all a game, and every game has those who do or don't make use of strategy, but I think it's still better to keep it ethical.

Recently passed on a home that needed only light "ginger breading", along with a new A/C unit to bring it to market. While this sounds great at 1st, and might be just the thing for turning a home into a rental, my fear was that we weren't going to be able to do enough to improve the value of the house to appraise to the ARV level that suited the surrounding recent sales. Our holding costs over a 6 month period - buying to selling - would be ~2.5 times the amount to spend on rehab. Is this sound reasoning, or am I missing a great opportunity?

Thanks so much for all of your responses. One motivation is to get our name out there. Another is that we're doing our 1st rehab without a mentor and, despite our best planning, there have been a few trip-ups along the way. We've got some experiences and lessons to share - and probably find more than a few readers/bloggers who've been through it all, too. Blogging just seems like a good way to get advice, even when, on the surface, it may only sound like venting. Just wanted to make sure that wouldn't be a big turn-off. I'll work on our "angle" and post in the appropriate forum. Thanks again (I'm glad my original post didn't go completely unnoticed!)

Thanks, that sounds like some good advice for marketing. My of my question, though, has to do with content. Is it better to wait until one has something fun, informative, or happy to blog, or is just as good to use it as a venting of frustrations that can come with this industry.

I could use some advice on blogging, period. I'm not a talky person to start with, and also a relative newbie to RE investing. My company is in the process of rehabbing our 1st property and, while I could write about all of the frustrations associated with it, I thought it would be best to have a blog that was upbeat. Is it better to wait 'til it's sold, talk about the experience, reflect on lessons learned, and hopefully celebrate our profit margin, or is it better to simply be posting something, frequently, no matter the tone? Thanks.

I could use some advice on blogging, period. I'm not a talky person to start with, and also a relative newbie to RE investing. My company is in the process of rehabbing our 1st property and, while I could write about all of the frustrations associated with it, I thought it would be best to have a blog that was upbeat. Is it better to wait 'til it's sold, talk about the experience, reflect on lessons learned, and hopefully celebrate our profit margin, or is it better to simply be posting something, frequently, no matter the tone? Thanks.