All Forum Posts by: Shaun Hicks

Yes, just trying to find some steals/deals on the MLS.

As we hit the deck plates, we're finding out flipping in va beach is tough. 

@John. As we do our research we are figuring out that it's not impossible but all those home run properties are taken by cash investors. Basically speaking, we would be looking forever trying to find that 65% window for rehab and purchase price. 

@dunlap. Thanks for the input. 

Let me give some background on our conversation 

My business partner and I just started our LLC and we found a hard money lender who will fund 100 percent of the rehab but the rehab and purchase price must fall within 65% of the ARV. I was telling my business partner I would like to have 10k as a cushion\ startup money but my business partner thinks that's not all that necessary.

Is it necessary or a good idea to have liquid assets available when using a hard money lender for a flip?  

class "A", licensed, and insured

Does anyone in the Hampton Roads/ Tidewater area have good contractors for flips?