All Forum Posts by: Nathan Fraser

Hello BP community!

My family and I are moving out to the Post Falls area in about 6 months. I plan to start a business in the rehab and remodel field (will hopefully grow to other things). I would like to connect with anyone in the area who needs help flipping their investments or just want to renovate their own home. I know that one of the hardest pieces to find for us inverters is a solid contractor. I want to be that solid contractor for any of you who need it.

I have had 5 years in the trades now. 3 of which as a framer and remodel framer, 2 of which as a finish carpenter and superintendent for a commercial general contractor. (also 2 1/2 years of formal construction education) I just finished remodeling my first home flip and will link to pics soon. What I love about the trades is that there is always something to learn and I am definitely learning. But I know that I can produce quality work at a good pace. Here is some of my experience so far:

Framing, siding, roofing, windows and doors, paint, drywall, millwork, cabinets, and most flooring. Being a superintendent I have learned how to successfully run jobs on a schedule and how to trouble shoot to keep jobs going around issues that arise.

Again we wont be out in the area until possibly January because my family needs help remodeling their home in California (look for pics when it happens). But I would like to get the ball rolling on meeting people up in the panhandle area of Idaho. As an inspiring investor myself I will also need to connect with people in the other elements of the deal making process as well, so feel free to reach out even if you don't need a contractor.

I am excited for this adventure and I look forward to being a A+ contractor for the BP community.

Hello BP community!

My family and I are moving out to the Post Falls area in about 6 months. I plan to start a business in the rehab and remodel field (will hopefully grow to other things). I would like to connect with anyone in the area who needs help flipping their investments or just want to renovate their own home. I know that one of the hardest pieces to find for us inverters is a solid contractor. I want to be that solid contractor for any of you who need it.

I have had 5 years in the trades now. 3 of which as a framer and remodel framer, 2 of which as a finish carpenter and superintendent for a commercial general contractor. (also 2 1/2 years of formal construction education) I just finished remodeling my first home flip and will link to pics soon. What I love about the trades is that there is always something to learn and I am definitely learning. But I know that I can produce quality work at a good pace. Here is some of my experience so far:

Framing, siding, roofing, windows and doors, paint, drywall, millwork, cabinets, and most flooring. Being a superintendent I have learned how to successfully run jobs on a schedule and how to trouble shoot to keep jobs going around issues that arise.

Again we wont be out in the area until possibly January because my family needs help remodeling their home in California (look for pics when it happens). But I would like to get the ball rolling on meeting people up in the panhandle area of Idaho. As an inspiring investor myself I will also need to connect with people in the other elements of the deal making process as well, so feel free to reach out even if you don't need a contractor.

I am excited for this adventure and I look forward to being a A+ contractor for the BP community.

Hello BP community! 

My family and I are moving out to the Post Falls area in about 6 months. I plan to start a business in the rehab and remodel field (will hopefully grow to other things). I would like to connect with anyone in the area who needs help flipping their investments or just want to renovate their own home. I know that one of the hardest pieces to find for us inverters is a solid contractor. I want to be that solid contractor for any of you who need it. 

I have had 5 years in the trades now. 3 of which as a framer and remodel framer, 2 of which as a finish carpenter and superintendent for a commercial general contractor. (also 2 1/2 years of formal construction education) I just finished remodeling my first home flip and will link to pics soon. What I love about the trades is that there is always something to learn and I am definitely learning. But I know that I can produce quality work at a good pace. Here is some of my experience so far: 

Framing, siding, roofing, windows and doors, paint, drywall, millwork, cabinets, and most flooring. Being a superintendent I have learned how to successfully run jobs on a schedule and how to trouble shoot to keep jobs going around issues that arise. 

Again we wont be out in the area until possibly January because my family needs help remodeling their home in California (look for pics when it happens). But I would like to get the ball rolling on meeting people up in the panhandle area of Idaho. As an inspiring investor myself I will also need to connect with people in the other elements of the deal making process as well, so feel free to reach out even if you don't need a contractor.  

I am excited for this adventure and I look forward to being a A+ contractor for the BP community. 

Kathy

thank you for your suggestions! I have added many of Garrett's books to my audible account for future listening due to your recommendation, so thank you for that. 

Aaron

That is a good point. Ill be bringing the other two elements of the deal, the knowledge and hustle. He would operate more as a "private lender" but wants to benefit from the cash flow as well. Could he cut and leave in the future, sure. Would I be planning in the background how to effectively invest on my own, you bet. Relationships do indeed come and go, and ultimately I would like to stand on my own. But in the mean time, having a business with a long time friend doesn't seem to scary to me and is worth the risk.  

hello all well educated, informed, savvy, handsome/beautiful BP peoples!

I am considering working with one of my best friends in real estate investing. Over the past year I have done my homework to understand what I can so far about the field. I have also possibly targeted an entry level market I would like to get into. However, after just buying a house for my family and rehabbing it myself, I lack the capital currently. Enter best friend. My friend has had his house for some time now, and he hasn't quite bought into the idea of investing yet but he is very interested. He can procure a sizable HELOC on his current property that we could leverage to get started. Now, he likes the idea of benefiting from monthly cash flow. I like the BRRRR strategy. But how do you go about splitting the cash flow of a property between two people? do you want to do that?

One thought I considered is having a small corporation business for my friend and I, which would receive the cash flow and we could allocate payment funds accordingly. This consideration however lead me down a rabbit hole I an not very familiar with. I do plan on doing my research, and one stop to doing it is asking you wonderful people.

Hence the question! do I pursue a small corporation business for my friend and I or do I not. for those of you who do invest this way maybe you can fill me in on the pros and cons.

thank you all for reading and connecting

Nate

hello all well educated, informed, savvy, handsome/beautiful BP peoples!

I am considering working with one of my best friends in real estate investing. Over the past year I have done my homework to understand what I can so far about the field. I have also possibly targeted an entry level market I would like to get into. However, after just buying a house for my family and rehabbing it myself, I lack the capital currently. Enter best friend. My friend has had his house for some time now, and he hasn't quite bought into the idea of investing yet but he is very interested. He can procure a sizable HELOC on his current property that we could leverage to get started. Now, he likes the idea of benefiting from monthly cash flow. I like the BRRRR strategy. But how do you go about splitting the cash flow of a property between two people? do you want to do that?

One thought I considered is having a small corporation business for my friend and I, which would receive the cash flow and we could allocate payment funds accordingly. This consideration however lead me down a rabbit hole I an not very familiar with. I do plan on doing my research, and one stop to doing it is asking you wonderful people. 

Hence the question! do I pursue a small corporation business for my friend and I or do I not. for those of you who do invest this way maybe you can fill me in on the pros and cons. 

thank you all for reading and connecting

Nate  

Hello All

I have finally had a chance to sit down and do some homework on Iowa. One thing I have noticed, from what online resources there are, that property crime seems to be very high in most city centers. If this is the case, how are you all navigating the high risk of property crime on your investments? 

Nate

Ok! So in the refinance step then, when I would do a cash out mortgage with a lender they would give ME all of the cash out value because I used the HELOC to finance the purchase and rehab. Therefore paying back the HELOC and I would receive the left over equity? This is the part of the BRRRR that I'm still a little fuzzy in my understanding.

hello BP community

simple question for some. but is it wise to finance an entire BRRRR with a HELOC? what are the pros and cons, thank you to all who answer.