All Forum Posts by: Nathan Goff

BP Team, 

Has anyone had experience using private money to fund the down payment for a hard money loan? A few people I've talked with are willing to act as a private lender but don't have enough to fund a whole deal. Would HMLs even allow this? Would the private lender have any collateral? 

Thanks for any insight yall can provide. 

@Kyle J.

Heck yeah Kyle. Thanks for the info and link. Good to know that it would still work with a personal loan and HELOC

@Andrew Postell

If you count hard money as cash haha. Would it not work with hard money?

Hello comrades,

I've heard about delayed financing the other day and the way it was described to me sounds like it could be valuable. From what I know, it's a way to refinance a recently purchased property without having to wait the typical 6 month seasoning period. So as soon as repairs are complete, it could be refinanced.

If there are any experts on this that could provide some insight, that would be great!

Hey everyone,

Looking for a good landscaping company/service in the Hampton Roads area.

Please let me know if you have any suggestions! Thanks!

@Nathan Goff

Some info about the project:

1000 sqft

3bd 1 ba

Crawl space

Built 1937

This is a pretty big project:

New roof

Kitchen remodel

Bathroom remodel

Electrical

New flooring

Landscaping

I'm shooting for a 4 month timeline.

I have an upcoming project in Hampton where I need a general contractor to head the rehab. Looking for referrals!

Thanks

Hello all,

I wanted to hear some opinions on Brrrring vs. Traditional rental property investing - specifically the financing/refinancing aspect.

To do my first brrrr, I would have to have 100% cash for the purchase, rehab and closing costs.

I would then refinance for 75% of the ARV

Hopefully, that 75% would be enough for the next purchase and rehab and so on.

My question is: is it worth it to wait and save enough cash to fully cover the cost of the brrr project, or should I split that into many different down payments and have more properties?

I'm sure everyone's situation is different, just wanted to hear some opinions.

Myself and a few partners are interested in buying an old hotel that is near a fairly large school. There is currently limited student housing in the area.

1. How to coordinate with the schools? Or is this not a thing?

2. Advertising. We already know the basics. Getting a website up and running, and of course social media. Are there other ways that we can get the word out about the apartment complex once it’s up and running?

Also, if you have any knowledge you can drop on us. Mistakes, lessons learned. Anything of that nature would be greatly appreciated! Thanks!

@David Bergmann I'll check those out. Thanks, David!