All Forum Posts by: Katie Smith

Hey Johnny! Out of curiosity - did you refinance the rentals into a DSCR loan and pull cash out to reinvest into your next properties?

Hi Antoine! How much lower?! Would it meet $75K?

Hey Adam, welcome to the world of real estate investing! It’s great to hear you’re looking to get started with your first flip in Richmond. Since you’re already licensed, you have a solid foundation, but flipping successfully is all about building the right team. Here are some key relationships you’ll want to establish early on:

1️⃣ Wholesalers – They can be a great source for off-market deals. Network with local wholesalers through meetups, BiggerPockets, and Facebook groups. Let them know exactly what you're looking for (price range, areas, property type).

2️⃣ Lenders (Hard Money & Private Lenders) – Having financing lined up is crucial. Traditional loans don’t always work for flips, so working with a hard money lender or private lenders can help you close deals faster and fund rehab costs. Look for lenders who are investor-friendly and can close quickly.

3️⃣ Title Companies – Work with a title company experienced in investor transactions. They should be able to handle double closings, assignments, and any potential lien issues that come up during flips. Ask local investors who they use and trust.

4️⃣ Insurance Providers – Flips require different policies than traditional homeowners insurance. Find an insurance agent who specializes in builder’s risk policies to protect your investment during renovations.

5️⃣ Contractors – A reliable and cost-effective general contractor (or subs, if you’re managing the project yourself) is key. Start by getting referrals from other investors, and always check their recent projects, references, and timelines.

A great way to start is by attending local meetups, REIA groups, and networking events to connect with these key players. Also, consider shadowing an experienced flipper on a deal to learn firsthand before jumping into your own project.

Hi Gernide! I work with an investor friendly title company that I can refer over to you. I may be able to help out with the POF as well. I'll dm you.

Hi Mark!

Do you attend any local meetups in your area? They're a great way to connect with seasoned investors who may be open to you shadowing them and learning the ropes. When reaching out, it helps to offer value in return—think about tasks like checking on properties when they can't, delivering materials, finding reliable contractors, or even handling basic project management tasks.

Building genuine relationships and showing you're willing to contribute will go a long way in earning their trust and gaining hands-on experience. Don't hesitate to ask questions and soak up as much knowledge as possible.

Hi Victor! What's your buy box? Are you solely looking for deals in Jax?

Hi Kate!

You might want to consider a bridge loan for this project. It’s a short-term option, typically 12 months, that can provide the flexibility and funding needed for a $150K renovation.

Here's why it could be a great fit:

-No prepayment penalties — so you can sell or refinance without penalties.

-Interest-only payments, which help manage cash flow during the renovation.

-Allows you to pull equity from the property to fund the rehab without stretching your finances.

If you'd like, I can walk you through the details and answer any questions to see if it makes sense for your situation. Let me know!

Hi Paige! What type of loan are you looking to get into? A fix & flip or DSCR? Happy to help out here and see how I can assist!

Zasha!!! If I was in Maui, I would 100% come to this. I'm missing Maui so so much, hope all is well with you guys.

Hi Daniel! I work with a couple investor friendly title companies. Happy to send over their info - let's connect!