All Forum Posts by: Katie Smith

Hey Thomas! Congrats on working your way up to getting your first personal fix & flip! Depending on your credit score and location, some lenders will go up to 90% of the purchase price and 100% of the rehab budget. I would highly recommend getting the rehab budget rolled into the loan so that you don't have all of your cash tied up into one deal. Make sure the rehab budget is non-dutch and there's no prepayment penalty! 

Hi Nestor! I recommend going to local meet-ups in your area. You can find these on meetup.com, facebook events, eventbrite, real estate social media pages, etc. You will meet investors, realtors, lenders, and everyone you need to know to be successful. I would also start connecting with more people on this platform. Connect and then send them a message! People are here to help! 

Hey Laura! Congrats on getting a head start on your real estate journey! 

I would start with doing 2 or 3 fix and flips to build up your cash. If you throw all of your money into one rental, it's going to take a while to build up more cash to buy another one. It's way easier if your first fix and flips are within driving distance of you, as it gives you the ability to check on the work being done. Once you've flipped a few properties, I would look into an SFH before rushing into multi or commercial. Most lenders want to see that you've had some experience with SFH'S before lending you money for multi/commercial buildings.

Hi Michelle! This is a great question I wish more people would be weary of. I agree with a lot of the replies posted already! It's very important to talk to them over the phone, even do a zoom call. I would be happy to chat with you!

Hey Roger, im glad you are aware of all of the fraud going on in the investment world. Especially via Facebook. Has he asked you for any upfront fees?

Hi Justin! I would be happy to work together. I do a lot of work out of the Carolinas. Great market. Going to DM you!

REFI and keep that baby as a rental! I would be happy to look over this in detail with you. 

Hi Tommy, I would be happy to take a look at the deal for you. Going to connect with you!

Hi James! If you're just getting started I would highly recommend you getting your team together. I would be happy to send you over 10 secrets to wealth building. Lets connect!

Hi there! I'm just curious to hear about what issues/frustrations/positives you've had while dealing with a hard money lender.