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All Forum Posts by: Chris Colvin

Chris Colvin has started 3 posts and replied 11 times.

Post: How can I save Money to get a Hard Money Loan

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3

@Jeff Rabinowitz I have looked at wholesaling and I'm am trying to understand the way to work the numbers and not get stuck with the house..... I am talking to my agent to see if she has ever done wholesaling before. Also I am out trying to meet investors and network with them. 

That was a  phenomenal thing that you did for the fire department. There are so many new things that we can teach a new hire in a training burn so they can see it before there first real fire. Also just having family around to see what we really go into. 

Post: How can I save Money to get a Hard Money Loan

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3

@Jeff Rabinowitz thanks Jeff. I will take a look around and read all that I can. I was thinking about whole selling a few times to get some money saved up so that I have the money to put down on a fix and flip. I am really excited to get started but I don't want to rush anything because I don't want a bad deal. Thanks for the in put. I am learning so much from this site. 

Post: How can I save Money to get a Hard Money Loan

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3

Hey everyone. I have been looking in the market for a house to fix and flip. I see that I may have to go with hard money loans. I do have some questions about how to save up some money to have the money for the 10% down. I am looking for around 10,000$. I have found a house but I'm stuck on the money before I put in a contract. 

I understand that I can do a private investor but how can I locate one of them. Please help!!!!!

Thanks Chris. 

Post: From Florida

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3
Originally posted by @Eddie Hutto:

Welcome Chris, I spent quite a few years as a firefighter/EMT. Thanks for putting it on the line. Go A-shift!

 Hey how are you. I just moved to C-shift but was on A-shift. I love doing it but I want to get into flipping houses on my time off. 

Post: My First Flip: Before & After

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3

@Rachel Gill I believe that you said you used a hard money loan on this flip. I'm trying to get started. Who did you use and how much money down did you give? Also what were your fees to pay back?

Post: Hey everyone. I'm new and in Florida.

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3

hey @Michael Brouillette @Mark Nolan @Esaul ViramontesI have been talking to people out in the field but I seem to pick up more on this site. I have found a house already I just need to find someone to come do a ARV so I can work the 70% rule..... Is that what most of you use to figure out the MAO?

Post: Hey everyone. I'm new and in Florida.

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3
Originally posted by @Andrew Davis:

Hey @Chris Colvin, welcome to BP and the Florida investing community!

You have found a great resource here, and will learn everything you ever wanted to know about the REI business.

Here are a few tips to help you get the most out of the site and kickstart your investing:

(@Michael Brouillette, these should be helpful for you as well:)

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other Florida investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in. 

And @Jonna Weber is absolutely right, it's a fantastic book and I have learned a ton from it!

http://get.biggerpockets.com/flippingbook/

I wish you both all the best!

 Hello Andrew. I'm over in the space coast and I'm new to investing. I want to do flips. I have been helping my friend do flips but just helping him. What advice do you have for me about hard money loans?? I found a house and want to know if it fits. 

Post: My First Flip: Before & After

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3
Originally posted by @Rachel Gill:
Originally posted by @Chris Colvin:

it looks great. I'm trying to get into my first flip now and your pictures showed me that it can be done... How did you like the hard money lenders?? 

 Hi Chris, 

My hard money lender was great!  More like a mentor and guided me every step of the way.  Using hard money is the only way I'm able to invest in properties currently, so it works for me.  I hope to be able to use private money in the future, but I'm sure the hard money will continue to be a good option.

Good morning. I'm not to  familiar with Hardmoney lenders. How does it usually work? Do I need money down? Do I have to do an inspection on the house??? I found a house that I want to buy and flip but I don't have the money. Any  advice ? 

Post: My First Flip: Before & After

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3

it looks great. I'm trying to get into my first flip now and your pictures showed me that it can be done... How did you like the hard money lenders?? 

Post: From Florida

Chris ColvinPosted
  • Firefighter / EMT / PT Real estate investor
  • Cocoa, FL
  • Posts 12
  • Votes 3

hey everyone I'm new from Florida.