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All Forum Posts by: Jarvis Smith

Jarvis Smith has started 8 posts and replied 102 times.

Post: Hard Money Funding

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

I have also seen mixed reviews. My advice is try and find a smaller company in your area only and not a large chain. Usually there will be less fees and you can build a personal relationship for future deals!!

Post: How much do you pay to remodel a bathroom?

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

my guy charges about 3k labor for regular/large size bathroom last one I did was about 75 sq.ft. Usually about 2k for smaller one. I say for only 1300 go for it and see how it turns out. It's nice to save money!!

Post: Funding a Rehab Project

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

As far as flipping properties go Lenders will require some skin in the game to get financed. You will generally need 10-20% down of your own money. I don't really see a way around it. If you have little money to get started you might want to try to find off market deals and pass them to local investors for a cut (wholesale) to build up capital

Post: Newbie looking to invest in the Seattle market

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

welcome to the site. Seattle can get expensive but nothing like San Fransisco!! I've been there a few times and still cant believe the prices. Seattle is a great city to invest. city center is expensive but you can go a little south and find good opportunities and prices. for example cities further south like burien, seatac, tukwila, auburn, kent, renton, federal way, tacoma are probably half the cost of downtown seattle and you can find some great buy and hold opportunities. Good Luck!

Post: Foundation issues

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

No the sale price will be agreed upon before the buyer gets an inspection. The buyers inspector should see that everything was fixed and safe. So you should be fine on selling side

Post: Help: Rehab contractor quote in Indianapolis Reasonable?

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

are these quotes labor and materials? The laminate quote seems a little high for only 800 sq ft. My contractor charges 2$ sqft for laminate install. But I buy materials. Everything else seems decent

Post: Need more capital to complete rehab

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

You can try to get a personal loan through lending tree (they go through several different companies). I've had to use them a few times. There's no collateral needed you have to have decent credit but not the best. Keep in mind it's high interest so pay it back asap. 

Good luck

Post: Off market opportunities in Washington

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

I'm also interested. Sent you a PM :)

Post: Looking for 100% funding for Fix & Flip

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

like others have said you will not find 100%

Most lenders need 10-20% down

Post: File permit in Baltimore city

Jarvis SmithPosted
  • Investor
  • Seattle, WA
  • Posts 109
  • Votes 19

you would probably be ok with doing that job without permits. It seems pretty cosmetic to me. Most permits are needed for adding bathrooms, electrical, or plumbing, or structural such as additions.