All Forum Posts by: Cam Schwartz

I'm relatively new to flipping, but I understand that the majority of profits come from purchasing the property at the right price. I'm currently exploring SFH in the Bay Area, specifically San Jose. I think an 85% ARV seems reasonable and offers a small margin for profit, though I know some other flippers target 70-75% ARV.

With that in mind, what would you consider a typical purchase price as a percentage of ARV for a good flip opportunity in the markets you're familiar with? I'm asking this while excluding local market dynamics and lender requirements as much as possible.

Thanks!

I am an investor in Reno, Nevada looking for a private landing and hard money lending 

Hello!

I'm new to Bigger Pockets. I am a realtor in NW Indiana and seriously considering doing my first flip. Nervous as hell! One of my clients needs to sell her home in Gary, IN and I was just thinking if I should buy it myself. I was considering using the BRRR calculator but it seems pricy !

Hi @Joy McQueary - Awesome to see you on the forums and taking action!

I've found the best place to meet private lenders is in person at meetups or different mastermind type of events.  

How come you are looking in DC and Chicago?  I found it was easier to find what I was looking for when I narrowed my search as much as possible.

Chicago has a plethora of good properties, just make sure you have the right team set up!

Consider talking to @Cam Schwartz who is local to chicago and lending on the fix and flip side.

Hey @Gene May - Try connecting with @Cam Schwartz, he is local to Chicago and is a hard money lender.  

I always suggest partnering with a local lender because they know the market and are doing their own analysis, which is a really good double-checkyour deal.  Out-of-state lenders won't know the Chicago neighborhoods as well, and I've seen more of those deals go astray than those with local lenders.

I saw that you are a lender yourself, is there a reason you are looing for outside funding?

Hey @Joy McQueary - Try connecting with @Cam Schwartz, he is local to Chicago and is a hard money lender.

I am personally a big fan of Chicago because of all the old multifamly properties and great real estate community that we have.  We have buildings all over the city, but are not more focused on helping other investors with renovations instead of our own.

I always suggest partnering with a local lender because they know the market and are doing their own analysis, which is a really good double-checkyour deal. Out-of-state lenders won't also know the Chicago neighborhoods, and I've seen more of those deals go astray than those with local lenders.

 Hi, Cam. PM me your number and I'll call you tomorrow or Tuesday.