All Forum Posts by: Neil Rose

Calling all wholesalers! Do you have deals that you’d like to take part in the profits on? MESSAGE ME!! Make a fee up front and earn on the profits! Deals must be legit. Appraisals and inspections will be done. We do our homework but if you’ve got a legit deal don’t let extra money that’s sitting there for you walk away. Contact me and let’s discuss.

Does anyone have experience lending their own capital for fix and flips? Looking for experiences both good and bad and what you learned and would or wouldn’t do again.

Fix and Flip in Daytona Beach FL. Negotiating with seller. Looking for JV partners or private lenders. Also have 2 properties coming in Jacksonville FL. We can cover purchase price or rehab and are looking for a partner to work with on the rest and future properties.

Purchase price- 50k

Rehab- 25k

ARV- 110k

Our company Fix and Flip partner thrives on helping investors find investment properties. From rentals to flips and even multi family we enjoy doing our best to help you find what you’re looking for. Below is a list of items we ask for from our investors so we can help them find an investment property they’re interested in. Let us know if we can help you in anyway whether it be on current projects, referrals, advice, looking for your next project etc.

1- What areas you’re interested in? We can also help you with out of area investments if you’re interested in certain areas that we have teams on the ground.

2- How are you purchasing- cash or hard money?

3- proof of funds that covers the amount of our offers- if you’re using a hard money lender then a proof of funds to cover the amount they require down along with a letter from the hard money lender. We can help you with a hard money lender if you need a recommendation. Also always block out your account number!! It’s not needed for a proof of funds and you don’t want that floating around out there.

4- what name do you want offers written in- llc or personal name, etc? If you need help getting an llc set up we can help you with that.

5- do you want to sign all offers or have us place offers and tell you what we get tied up to see if you want to move forward with due diligence? That’s why the criteria of what you want to buy is so critical.

6- criteria of what you want to buy. Purchase price max, rehab max, rehab you don’t want to get into such as foundation issues etc. duplexes, commercial properties etc?

7-timetable you needed to make a decision once we bring you a deal- this let’s us know what timeframe for closing to ask for with our offer.

8- amount you want to make on each deal- make sure to include any financing costs, etc- let us know if you need help determining this number

9- are you open to buying wholesale properties with non refundable deposits, at auctions, sight unseen, or prefer to stay just with offers that come with inspection periods from the open market?

We can generally get you a property lined up to at least take a look at and run some numbers within a week or two.

Let us know if there’s anything we can help you with- even if it’s just advice or help with a current project you have.

Hey Ryan. Good luck with your house flip. Let me know if you need any help. What area is it in and do you have everything lined up?

Such as insurance? Does your policy cover wind and water damage or in your area do you need a separate policy for that?

Who’s doing the rehab work? Are they insured with a license? Do you have a contract with them that states the price they will do the job for and what happens in case of change orders etc?

Lots to consider. Agains let me know if you have any questions and I’ll help in anyway I can.

Anyone have recommendations for loan officers who are good at getting deals closed for loans on rental properties.

Any recommendations on an IRA custodian? Looking for one that's good and doesn't charge to many fees.

Admin of this is paired in the wrong spot please let me know where I should post it - thanks 

I bought a fixer for 160k that was 1900 sq ft. There was an addition that wasn’t permitted and I learned I could turn in a set of drawings to the tax assessor to update the square footage.

The house was updated to 2857 sq ft by the tax assessor and I cleaned the property up and painted the interior and replaced the carpet. 

Sold it for 275k and a lot of that was due to the additional square footage we were able to get updated.