All Forum Posts by: Kathryn Miller Jones

Wow! Way to go!!

On our first home we used a Hard Money lender through Corey Curwick of Private Money Utah.  Corey was really great to work with.  This is her information if you are interested:

Corey Curwick Dutton, MBA
Private Money LenderPrivate Money Utah
Mountainview Servicing, Inc.Phone: (435) 565-1768www.privatemoneyutah.com
NMLS #: 926731
Representing Wolf Creek Mortgage, Inc.NMLS # 1685350

@Adrienne Donner . Yes, the numbers were tight and we had closing costs and realtor fees on one side. But the LEARNING was fabulous. We have now completed four in total and my 'apprentice son' is ready to do his first on his own. My role was to teach him about real estate in general and we learned the flipping/contracting thing together. Now it is about finding the deals. We plan to start attending the REIA meetings to network. What are you currently involved in?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $282,800
Cash invested: $65,000
Sale price: $387,000

Complete remodel

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $215,750
Cash invested: $38,000
Sale price: $267,500

First fix and flip

What made you interested in investing in this type of deal?

Enjoy the process of rehab and remodel

How did you finance this deal?

Private money lender

Lessons learned? Challenges?

Staying in budget is critical

Hey group! I am browsing through who is interested, active and involved in the area around me. I am interested in this REIA group. How often and where do you all meet up?

I am just starting out and feel like the wholesaling avenue is the best beginning path for me.  How do I determine a fair "fee" for the bird-dogging service I would be doing?  Is it some standard percentage based on the price of the home or a flat fee or based on profit margins?  I am also an agent so I will not have realtor costs if I have to close and then sell or if we do a simultaneous close, it is possible I could also represent the Investor (Buyer) as well.  If I do - how would that affect the amount that would be my cut?  Thank you in advance!

I am just starting and feel like wholesaling is the best beginning path for me. How is a fair “fee” for the bird-dogging service I’m basically doing calculated? I am also an agent so I don’t have realtor fees as a buyer myself but if representing the investor is also a possibility, how would that figure into what is considered a fair deal? Thanks in advance!