All Forum Posts by: Justin Goldberg

Jay,

Your comment has me thinking someone could make a private social network where newer flippers can find hard money lenders, and their profile can include assets, experian boost (or experian connect) type of data (Experian boost connects to bank accounts to show financial stability [good for marketing data!]), credit score with the MyFICO forum badges, etc.... Otherwise if you had a bad experience with HML, how do you prove that you flipped a property to a different HML?

But I digress, it's better to do due diligence up front and thoroughly research the hard money lender.

No, none. I'm still a newbie. 

Has anyone looked at the Douglasville/Austell area? Google/amazon etc are in the area, and I suspect that, the lower traffic on the I-20 west corridor and other factors possibly may make it a gentrified area. I even knew a person, when I was at Google, who commuted from alabama, and another guy who bought a house near old Douglasville. Much smarter than the person who commuted from Cumming (2 hours+). I guess the limiting thing might be the schools, if you want to do long term holds/rentals. But, I've heard that hispanic people generally move into family friendly areas (Barbara Corcoran said this).

I'm fairly certain that I saw this property last year and passed on it because the work appeared to be too much, but that was before I knew anything about wholesaling and I was only thinking in a flipping mindset. It was in a nice, family-friendly neighborhood, though.

What are some data points that can help build businesses credit, such as: having a Dunn & Bradstreet number, age of business, having a cashflow on the books, and having a physical phone line with a 411 listing.

What ways can this help with flipping houses? I am thinking that it can't directly help in financing the flip, but it can help to build up a credit line with Home Depot, for example.

On a tangent, what does creditsuite do?