All Forum Posts by: Matthew Powell

@Jay Hinrichs

Jay I’m interested in learning more about how I can learn more about being a transaction coordinator! Currently I’m driving for Dollars for a local real estate investment firm and adding value on a new flip that just finished scoping. My goal is to get sweat equity on a deal until I’m able to reinvest into my own deal one day. Hopefully between that and paying off the wedding can land me in a deal!

@Rick Pozos

I love this. Thanks for the assurance! I was stumbling just talking with our waiter last night, haha. Let me know if you’re ever in the Savannah, Ga area one day. I owe you a coffee or beer!

@Whitney Ortiz

Augusta may be a good market, but have you thought about Savannah, GA? There are many promising neighborhoods around the suburbs and the amount of turn key rental properties is going up due to all of the fix and flips happening. Savannah has the most appeal to young families and it has a military base that is a little more “recession proof” IMO. If you’d ever like to learn more about the Savannah market don’t hesitate to reach out! I’ve lived here for the past few years and grew up an hour away so I’ve become really familiar with the market.

@Tamika Jones

Hey Tamika! I work with a realty firm that specializes as a one stop shop for investing here in Savannah. Since you know the area so we’ll, they may be able to help you navigate the path to buying your first deal! They invest in properties themselves and have been for the past 20 years. Happy to connect you guys if you PM me!

I second Trophy Point, they are a one stop shop on working with investors specifically instead of the retail side of real estate. They have the best contractors, attorneys, and team in the Savannah area. PM and I can connect you with them.

Dylan, thanks for that! I’ve been driving for dollars for the last month, skip tracing, DMing renters, and now considering direct mail. I’ve quickly learned the competition here in Savannah is tough. My recent moves have been to partner with some other investors in Savannah getting in on deals by simply adding value for them. I owe you a coffee!

Work with them! The last thing you want is for this thing to land on a lawyer's table. A few options could be allowing them to sublet, give up the deposit and pay out of their lease (next month's rent to allow you time to fill a new lease). 

If it were me, I'd use it to put as many down payments on as many new deals as possible. You can find a fix and flip, a turnkey rental, etc. to compound your cash flow!!!! If your goal isn't to build an empire, then pay it off. Keep your goals in mind.

@Bob Stevens, you’re the man. Cheers!

Hello everyone! Newbie investor here. My plan is to Fix and Flip a SFH in the Savannah, GA area and take profits the profits as a down payment to BRRR another property for steady cash flow as a way to diversify. Then Fix and Flip into my next rental property and so forth. My situation is, I'm saving for a wedding so I don't have discretionary income to save for a down payment. What is the typical down payment process for a Hard Money Loan? I've read a ton of books on flipping and even have a local company that is showing me their process, but I always get stuck with the barrier to enter.. $$$! What are some of your creative financing strategies to come $0 out of pocket on your first Fix and Flip deal?