All Forum Posts by: Duke Marquiss

This is the best conference that we go to.  More informational with speakers that tell the good the bad and the ugly on what they do.  Also, many talk about the different income streams that they specialize in.  Many great contacts to help build your business.  They do have vendors that provide services to the note industry.  No "pitch sessions".  About 300 people at this one.  Great value.

What do you do?

Attending the conference for the third time. Getting acquainted with new investors, visiting with past acquaintances and meeting new funders. Very good educational meetings and all without a pitch session for guru seminars. If one of bigger pockets members is here, give me a shout and we will hook up.

you can figure away to do it. Talk to your lender and and title company.  You just have to execute. They won't pay for extended coverage, or to record your mortgage, but cash is cash no matter where it comes from.

Look for a hard money lender for 85% of cost plus 85%. If you need the money for down then look for a money partner.

Check with realtors in your area and see if they have private lenders that they can provide you. You will pay a higher rate than the bank but will commit and fund loans now without a big hassle like loan committee meetings. Some of the people that you know may have a self directed IRA that they will make loans on. Depending on what the house is worth when you are finished with your rehab, interest will range from 8-14% and points or fees can be 1-6 points. They will want to know how you plan on paying them back, sale, refi or other.

You can also partner with some contractors to do the rehab and own part of the property when done.  

Look for forums on on hard money lending.  

[email protected]

970-218-2296

norther Colorado has been through an oil boom over the past few years and the tracts of land in that size are very pricey. Depends on if it has water attached to it. You can send me amount you want invest, investment goal is and how do you want to exit. I do have access to mls. 

VanEd.com

You are in a good area to get started.  The market is on it's way back and there are deals around you.  Look at 3 properties a day for one month.  This will get you acquainted with the market and help you to decide what you will need to focus on.  Get next to an investor friendly realtor and they will help dig out the deals.  Once you know what it should look like when it sells, you can start looking at homes that need TLC and figure out what it will cost to make it like the ones you see selling.  Do not be afraid to offer what your investment formula tells you to do.  Most early investors pay way to much for the property,  afraid they won't get the house bought.  This is a recipe for a loss.  Bigger Pockets has a lot of Podcasts about the ARV and offers.  The number one thing is - you have to pull the trigger. 

To find what a quick approximate value for the house you are wanting to buy, use the Homesnap App. It will give you a close shot as ARV. Then take a look at what it is going to need to get there. I use it for most of my buys. C21 app works to let you know what is on the market in the area, and this will let you know what is your competition is.

Both of these speeds up your time to take a look and make an offer.