All Forum Posts by: Kenneth Liz

@Justin Reyes check your 401k they may offer a no penalty withdraw to buy a home if I’m not mistaken since you want to hack If not. You can borrow half at 3-4% and use that money to get started. If you get a good deal. You should make your money back to pay back 401k and some and now your in the game.

@Luis Medina doing hard money loan with lending home.com. Give them a check.

@Alex Jones I started listen to the book on flipping houses. However from the podcast , webinars and other reading. I got interested in the brrrr process. I’m working with a hard money lender.

@CJ M. If rented at 2500 11%

@CJ M.

Purchase Price 187,200

Rehab 29,000

Arv $310,000

Taxes 7100

Rent 24-2500

Insurance 150 with flood

@Theresa Harris I think just new hardware shall work. For some reason my realtors suggestion is driving nuts.

@Theresa Harris nothing is wrong with the doors they are stained and look nice. My realtor was suggesting updating the outdating trim around door and the doors hem self to give home a more updated look

Made an offer on a home which was accepted. Home is a good condition very cosmetic job. Cabintets I wil paint over white change counter to granite already has recessed lightin in the kitchen the floors are standard 12x12 tile. Dining room has some some ugly outdated vinyl which I’m hoping the hardwood floors extend under there. The upstairs bathroom will be reglazing blue tub and tile white replacing vanity and mirror and light fixtures. , down stairs stairs bathroom reptile floors reglaze stand up shower. New toilet vanity mirror and light fixtures, skim and paint all off home New trims as well. Sanding and painting wooden windows white. On the fence on changing the wood slab doors 🚪 and update them to the new white doors. Garage doors will be sanded and painted. My big contemplation is the interior doors.

So finding a contractor has been very difficult a family friend who is a contractor is willing to partner up with me where I can do the leg work on locations the deals and putting the money up and he can do all the work for raw material cost but get apart of the deal which I am open to. Any recommendations on how a deal like this should be structured. Has any one in bigger pockets done this type of partnership before and if so please share your experience

Good Afternoon so my hardmoney lender is asking me the the current value of the home in its as is condition I know how to fire out the ARV. But not the as is value. Any help would be greatly appreciated