All Forum Posts by: Chase Keller

Thanks @Chris Tracy.  I've heard of that happening.  I doubt it's hard to tell when it is online, but there certainly is that risk.  We'll see what happens.  

I am looking at an auction deal on a large apartment complex. They need a POF or Pre Qualification in order to bid. I'm looking for a good lender, whether bank, private or hard money. The property is in Iowa, does anyone know a good source? I have a significant amount of cash, but will also be raising some private funds as well.
Would a bridge loan be appropriate for this type of project?  Any suggestions would be appreciated.

Thanks!

Hello @Nic Conzemius.  Welcome to BP and to Real Estate. Love to see active Iowans in the forums. Wholesaling is a good way to get started, lets you see the whole process and puts you in relationship with a lot of other investors.  

I'm wholesaling up here in the Waterloo / Cedar Falls area. Let me know if there's anything I can help you with. 

Have fun!

Hello @Mark Holmes.  Good to see another Iowan on the forums.  I'm very interested in the Quad City market.  Haven't spent much time at all there, but is an Iowa market that interests me.  

Good luck with #5!  Hope to see you around the forums!

How far away are you willing to travel?  I am buying a building in Waterloo that will need several units.  I haven't looked into any options yet.  

Our next meeting is this coming Thursday, August 11th. As usual, it is at 6:00pm at Kick Stand Cafe in Cedar Falls.

Dinner will be provided by Kick Stand Cafe, Steve will be serving a buffet dinner. Cost is $12.

This week we will be debating Systems. Whether you flip property or you hold long term, profit is in the volume. How much time do you want to spend in your business, and how much business do you want to do with your time.
There's always a give and take when it comes to deciding what systems you put into place, and the highest rewards come from creating the systems that create the results that meet your Needs, Wants and Desires.

Hey @Dan Kelley.  Next meeting will be August 11th at KickStand Cafe in CF.  I'll be posting info shortly!  We'd love if you could make it.  
Thanks!

Hello @Lynnette Wissink  

Good to see you active on BP. There aren't a lot of wholesalers in Iowa that are active on the forums.  I'm a wholesaler up here in Waterloo / Cedar Falls. 

Hope to see you around on the forums!

Hey @Ryan Parnow.  In my experience it depends on what you're doing with the property.  If you're going to buy it cash and hold onto it as a rental, there's not a huge need for the abstract.  If you're getting bank financing, they'll require a new abstract to be created.  If you're going to flip it, most likely the new owner will need a new one created.  For the abstracts I've had to recreate, it's costed me around $400-900, but I've heard it can be up to $1,500.  

Strive on @Cody Crawford!  I'm up in Cedar Falls, but will be getting into the Cedar Rapids market soon.  
Let me know if there's anything I can do to help push you to move forward.