All Forum Posts by: Ken M.

I have an international friend that flips in the Netherlands and Spain. She wants to learn if it's possible to flip in the United States, remotely, and what that would look like. My guess is that it could be structed as one person handles everything locally 'boots-on-the-ground', and the other acts as the investor.

Has anyone see or done deals like these? Do they work, not work? What's something to look out for?

1. Expert Guidance.....wishful thinking. Most real estate coaching programs are not led by experts. Most are social medial influencers with only an elementary understanding of real estate teaching the most basic principles....BRRRR, section 8 rentals etc. On the other end of the spectrum you have those teaching others how to syndicate larger transactions. That's where most should be focusing their attention. I am expecting a day of reckoning for this model in the coming years when an LP decides to file a lawsuit based on misrepresentation which traces back to the teaching techniques of the coach/mentors who are essentially offering pay for Co-GP title courses where the students are taught they can use their GP title to raise money.

@Ken M. Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates. I think they used to go up to like 80-85% CLTV depending on credit score. Still might give you a better shot than someone needing to show up with all cash.

@Ken M. Well that's good news! One of my wholesale lenders used to be willing to finance these, I can't remember the CLTV requirement of the top. I'm going to reach out to my contact over there on Monday and see if that's something they still do.

Hi Ken! Is the loan assumable? 

 I would be inteerested in learning more about this

Contractors play such a huge role in real estate projects. Whether it’s sprucing up a property with a few renovations or doing a full-scale flip, a good contractor can make all the difference. But here’s the big question: what really makes a contractor stand out? 🤔

Here are a few qualities that, in my experience, separate the good ones from the great ones:

1. Clear Communication

A great contractor is easy to talk to and keeps you in the loop. They’re upfront about timelines, costs, and any hiccups that might pop up. Nobody likes being left in the dark when you’ve got money and time on the line!

2. Reliable and Consistent

They show up when they say they will, stick to the schedule, and follow through on their promises. If something needs tweaking, they handle it without making a fuss or dodging calls.

3. Eye for Detail

It’s all about the little things. A great contractor takes pride in their work, whether it’s making sure tiles are perfectly aligned or that the trim looks just right.

4. Problem Solver

Let’s be real—no project ever goes 100% according to plan. The best contractors don’t just throw their hands up when issues arise; they come up with solutions and keep the project moving forward.

5. Fair Pricing

They’re not the cheapest, but they’re honest and transparent about costs. You get what you pay for, and a great contractor makes sure the value matches the price.

6. Good with Their Crew

On bigger jobs, a contractor is basically the team captain. A great one knows how to manage their crew, keep things on track, and make sure everyone is working together smoothly.

What Do You Think?

That’s just my two cents, but I’d love to hear what you think!

• What qualities do YOU look for in a contractor?
• Got a story about an awesome contractor you worked with—or maybe one that didn’t quite cut it?

Let’s swap some stories and tips in the comments. I’m curious to hear your thoughts!