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All Forum Posts by: John Hannah

John Hannah has started 2 posts and replied 15 times.

OK, so I did have that one straight. Thank you, Kerry - much appreciated!

Post: Hi from Naples, Florida!

John HannahPosted
  • Naples, FL
  • Posts 15
  • Votes 0

Thanks, Josh! Congrats on your deal. Right now I'm thinking we'll be using hard money, but researching the financing options is part of what I'm focused on right now. Any suggestions or advice on what's worked well for you?

Post: Hi from Naples, Florida!

John HannahPosted
  • Naples, FL
  • Posts 15
  • Votes 0

My wife and I are very excited to begin our real estate business together. We're primarily interested in rehabbing, but open to other opportunities as well. I'm currently in the process of getting my real estate license and learning more about our local market. We'd love to connect with others in the Naples area!

My wife and I are just getting started with our rehabbing business and I've been reading and listening to everything I can get my hands on. I've come across something I don't understand and I hope someone can help set me straight.

I've seen some "We buy cash" statements on the websites and yellow letter samples of other rehabbers. I've also heard the same rehabbers talk about how they use hard or private money to finance their deals. I'm wondering if I'm misunderstanding what "We buy cash" means. 

If you're using private or hard money, you're financing, not buying cash, right? I suppose in the end the seller is getting their cash (or certified funds) so perhaps that's what is meant? 

I will be using hard money to finance my transactions initially and I want to make sure I understand the marketing terminology correctly. Any guidance will be appreciated.

Post: Fix and Flip Assistance

John HannahPosted
  • Naples, FL
  • Posts 15
  • Votes 0

My wife and I are also in Naples and just getting started - total newbies, but excited and also looking to do rehabs. I'll definitely keep you in mind.