All Forum Posts by: Mark Clayton

@Andrew Postell this makes perfect sense. I wasn't aware that not required a downpayment was an option haha. 

@Michael Hayworth I'll absolutely keep this in mind going forward, thanks for the perspective. I'm going to take a look at this Propelio subscription! 

@Brandon Gurrell I just now came across these, still working my way around the site. The Pro membership seems more and more attractive, these tools look extremely valuable. Thanks for point me to them! 

These are fantastic and thanks for taking the time to write these up! I've read that some hard money lenders require as low as 10% down on a single family home, and fund 90% of the purchase price. I assume the difference between them lending 80% vs 90% depends on ARV? or just the overall deal put together and general flexibility of the lender?

@Rob Lee thanks for responding! I'm super new to the forum, but I can already see the value of becoming a paid member. It seems like that would be the best route forward. 

Hi BP!

I'm looking to get my bearings around analyzing properties to identify deals. I just read The Book on Flipping Houses, and the book explains that it is necessary to examine several (50-100) properties to get familiar with what a deal looks like. This includes comp analysis, identifying overall market trends, and much more. I'm looking to create a spreadsheet or some concrete methodology that allows me to track my analysis and utilize any available tools around. 

With this being said: 

Are there any tips that you can share around how you analyze a property? 

Are there any good resources available to help a beginner get comfortable analyzing details? (i.e. BP resources? spreadsheets? checklists?). 

Hi @Richard Helppie-Schmieder! I just joined BP as a newbie two days ago, I really wish I had of seen this post earlier. Will there by another one coming up soon? 

@Andrew Thompson it's a pleasure to meet you! I'm looking to do my first flip, and I'll need a GC on my team. I sent you a request and I'm excited to connect! 

Hi! From my reading (I'm a total beginner), I assume that working with local banks for hard money loans would be the better option. However, I came across sites like http://fund.me/, and wanted to get thoughts on this option?

In terms of off-market deals, do these primarily come through wholesalers or is it more from general networking (i.e. driving for dollars, marketing funnels, etc)?