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Just as an add-on to a previous post, if you go to "FLIPTHEBOOK" dot com, and go to the downloads link on left side of the page, you'll find some cool tools to use for rehabbing, and a quickbooks file. All these are in the book, but definitley helps to have them in spreadsheet form.

8) LONNIE 8)

Funny you should say that John, that's what I did the other day at Barnes and Nobles. Sat down at Starbucks and had a Caramel Macciato or something and browsed through a couple books. Very relaxing, especially with no kids, lol!

Thanks for the recommendations....

8) LONNIE 8)

Any members have reading recommendations for house flipping (rehabbing)?

Just picked up "FLIP" by Rick Villani & Clay Davis. It runs $21.95 US at a retail seller. They are also authors of "The Millionaire Real Estate Agent" and "The Millionaire Real Estate Investor"
Book is very good so far...I will let you know if it makes me a millionaire...LOL!

Any other recommendations would be appreciated as I'm flying through this one pretty quick.

Thanks,

8) LONNIE 8)

P.S.: Please make sure they're books you've read...thanks.

Thanks for the tip.... it makes a lot of sense. I guess everyone is not really out to get ya.

8) LONNIE 8)

Well that makes sense. So basically your lender can become your client, if they like the deal for themselves. and as long as you already have it under contract.

Thanks for the reply...

8) LONNIE 8)

Just a question that may have been covered previously.

How do you pitch a deal to a private lender, who is also an investor themselves, without the fear of them "stealing" the deal. Or does this not come into play?

8) LONNIE 8)

Thanks for the "output" guys...I appreciate it.

This might be a dumb question, but do they do HML's for businesses such as an LLC for example, or would they still run the owner.

Scott, what states do you lend in, I see it says "National", does this include Western New York area?

8) LONNIE 8)

P.S.: When do you sleep?

Anyone who could answer feel free...

Thanks,

8) LONNIE 8)

Ok R2D2,

I'm gonna hit you up with a couple of questions. I know they're not stupid, because I'm new and allowed to be stupid. (LOL)

(??) Is there a certain criteria you use for what kind of investment property an REI would look for, and would turn quickly, besides price?

(??) Is there a norm percentage down to hold a property (get on contract)? Or would a "down payment" for 100k home be the same as a 250k home? Or does it depend on the seller/realtor?

(??) Are realtors use to dealing with people like us? And do they care that we are flippers?

(??) Do we use our Business Name on the "Letter of Intent" (ie: letterhead) if anything just to get our name out there, or would that be a negative?

Sorry so many questions, but we'll start with that...

I'll have more I'm sure as I progress through the steps.

Thanks again for a great post:

8) LONNIE 8)

Just printed, thanks! :beer:

I'll let you know how it progresses.

- Lonnie