All Forum Posts by: Mary Ainsworth

Hello!

I'm hoping to secure a fix & flip for my next deal and I'm looking out of state (specifically in Oklahoma). This will be my first time managing a renovation out of state so I wanted to find people who have done this successfully

Any advice you have would be super appreciated, thank you! 

Some specific questions I have:

1. How did you find your contractor?

2. How did you verify the work was done proficiently? 

3. What software did you use to manage the renovation? Or did someone else manage it for you? 

4. How did you find the deal/who helped you walk through it?

5. Lessons learned/things to avoid

Thank you again

Hi Scott, 

I’m a PML and lend all across Florida. I just sent you a DM too but we lend up to 85% LTC and waive the origination fee for your first deal with us 

Let me know if you’d like more info!

 Hi Morou, 

I just sent you a DM too but I'm a hard money lender and I can finance up to 90% of the purchase price for flips, plus 100% of the rehab cost

We also offer 0 origination fees for your first deal with us, and we close in 7-10 business days. 

Let me know if you want more info, excited to see your first few deals come to fruition!

 Hey Eyal, 

I sent you a DM too but I do alot of DSCR loans in Texas. Plus we offer 0 points for your first deal with us. Texas is a great place too, the rent to price ratio is fairly strong. Our specs:

- 5.50-7.00% rate

- up to 80% financed 

- close in 28 days 

- no points for the first loan 

Let me know if you want more info

 Hi Eva, I offer refinances in Ohio! I spend a lot of time in Cleveland too actually. I’ll send you a DM with more info, let me know if you’d like a quote or just have questions about the process :)

Hi Brandon, I sent you a DM but I do offer this. With the right info I can send you a quote 

Plus we offer zero origination points for your first loan with us 

Let me know if you’d like a quote  

Hi @Samuel De Leon have you talked about possibly doing 2 flips like this at once? That can be a powerful tool as you can put the two properties on one loan and then it would meet the minimum amount 

We try to do only 100K loans and up, but if you found a 2nd deal that would work and then you’d get double the profit!

Let me know if you have more questions on this process, good luck