All Forum Posts by: Michael Paul Kennedy II

I am a new investor looking to break into the market of fix and flips as well as wholesaling properties. I have a few properties with high equity in them that I am looking to purchase with a hard money lender. I plan on opening a LLC for each individual property and split the LLC 50/50 with my lender What is the process for finding the lenders? Are lenders ok with a first position lien on the property and Me doing the work?(17 years of construction experience and work with a company that does fix and flips). What books should I read to educate myself better? Mike

I currently scout that area pretty well. Anything going that low is a definite tear down. Lowest I have seen foreclosures in that area go for ( excluding sherif sales) is 85k. But in the right neighborhood they can go for 350k or better

Yes the drywall sander works the way it looks like it does. Start with a 60 grit pad then move to the 120. Be prepared to change the bags a lot as they will fill quickly. I have done well over 150 ceilings with that method and it makes it much nicer than wetting and scraping. And if you pay close enough attention to it you can just turn around and paint and not have to skim coat it or touch up with spackle like the scrapping method. Definitely a time saver/money maker

my name is Mike and I have been a carpenter in south jersey for 17 years  I have begun looking into meeting with hard money lenders that lend specifically from their portfolio.  I am poised to place any investor in a first lien position on the title upon acquisition of the property