All Forum Posts by: Dillon Ramsey

Hello,  does anyone have any idea what a reasonable market rent price would be for group homes? They are 2480sqft, 8 bed 4 bath. We would just be providing the property for them to place their patients and staff. Thanks for any help.

Hello,

Does anyone know the average cost for billboard rentals? We have the opportunity to advertise on one but have no idea on a fair price. And neither does the owner since they inherited the billboard with the property.

thanks for any input.

Thank you @Ryan Howell. We’ve done a couple house hacks that had substantial profits and have convinced ourselves that real estate is our answer to financial freedom. It seems to us that it would be a larger number of flips in the beginning, then transition to a majority of BRRRRs as we stream line the flip process and increase capital.

Hey Mitch, It’s a small world! Hope y’all have been well. We’d like to join you at your next meeting. When do you meet?

Thank you Mitch. We have closed on a property and decided to make it our personal home. We were going to take out a personal loan from our local credit union to cover the rehab costs, but family has approached us about losing us the funds. We’d rather give them the interest than the bank. So we’re trying to find out what a reasonable rate and terms would be. There won’t be a need for liens on this particular deal, but we’d like to use them on future investment properties needed. And set it up properly so everyone is covered sufficiently.

That's what I was seeing with our numbers. It seems like it will be a larger number of flips than BRRRRs in the beginning to offset the W2. Then invert that once REI income allows.

Thank you, I saw similar numbers searching here. I’m assuming that’s interest only payments with a 12ish month term?

Is it typically a signature note? Or do the lenders get stake in the deal? Dee of trust?

Hello,

   Can anyone provide the common terms for hard money and private money lending? We’re mostly looking to use private money to cover rehab costs and pay it off with the cash out refinance. Family has offered so we’re wanting to know what is a reasonable rate. We’d rather give the interest to family than to someone we don’t know.

Thanks,

Dillon

Hello, 

. My wife and I are working on our second flip. We’re trying to plan an exit strategy from our W2 jobs. Can anyone explain how people are making full time income from rehab and hold? Did you wait until you had enough doors with strong cash flow? Are you using funds from the cash out refinance for living expenses? Are you using a mix of flips and BRRRRs? 

Thanks,

Dillon