All Forum Posts by: Katie Smith

Hi JJ! You'll find most investors are using wholesalers, off-market deals normally come from them anyway. If you don't want to cut your realtor out completely - have them list the house for you when the renovation is done! 

Hi Elda! I love working with new investors. I put another pair of eyes on the deal to make sure your return is going to be worth your time, and walk you through the entire process so you have a good understanding of everything! 

Hi Mario! I'm in Orlando! If you or your clients have any questions or needs regarding funds for investment properties i'd love to help out. Do you attend any monthly meetups or the GOREIA? 

Hey Scott. You can reach out to a local realtor to put together a BPO for you. 

Hi Deena! Katie from FL here! 

You will need to go into a bridge loan first - that can cover up to 90% of the purchase price and 100% of the rehab budget. After the renovation is complete - you can either sell the property or refinance it into a long term DSCR (debt service coverage ratio) loan. I know getting into your first fix and flip can be nerve racking, i'd be happy to go into this more in detail!

Hi Tj! Welcome to BP! This is by far the best platform to learn from other real estate investors. If you ever have any questions about a hard money loan - i'd be happy to assist! 

Hi Diane! Nice to meet a fellow Floridian! Welcome to BP. Would love to hear about what you're looking to invest in. I'll send you a dm.

Hi Hai! I also recommend using the "Find a Lender" tab at the top of the page! 

Hey Scott. Depending on how long they are giving you to close - you may be able to go the hard money route. I'd reach out to a broker and see what options they have for you. There are different lenders that range from needing 4-15 days to close. Some that need property access to do a virtual inspection, and some that dont. 

Hi Vi! There's too many free resources out there to find a lender, like BP and Scotsman Guide.