All Forum Posts by: Nick D.

Hi B.P. I am trying to increase our acquisition for flips in a few markets (DFW,Tx, Atlanta, Ga and Kansas City, MO) We are Currently doing 1/Mo on average but trying to scale to get up closer to 2-3/mo. What are others doing to help increase finding SFH to flip? Any recommendations or suggestions would be much appreciated and very help ful. Thank you Nick -

@Tom S. I am using finance of America and it’s an asset backed loan at 6.875% for a fixed 30yr Do you or anyone else suggest another commercial option that has cheaper money? There fees are a little high too 1495 for ordination 500 closing 295 llc review 790 for something else I can’t remember Looking for something maybe a 2 5 or 10 ballon payment amertized over 30yrs any suggestions would be helpful

@Lee Ripma Who do you use for your commercial loans ?

I am flipping properties in Dallas/Ft worth and want to know if anyone has a good resource or recommendation on a contractor they use that understands volume pricing. Most of the contractors look at these as a residential job but looking for a contractor who understands I can give them 10-20 deals roughly in 2019 and keep there crews busy What are other investors doing in this market to find good contractors who will give good pricing and be reliable??

I am currently getting ready to increase the amount of flips we did this past year from 4 to about 15 and trying to find a solid contractor to partner with. Are there any investors in the DFW Market place that have found a solid contractor who is fair pricing with good quality and maybe understands volume based pricing. Anyone have any suggestions would be very helpful Thx

I am looking to switch from SFH to multi family and don’t understand cap rates Do you want a higher or lower cap rate? And how are cap rates typically used in the multi family side of underwriting Thanks

I have 2 properties that are owned out right with now debt - 1 is a rental that has a tenant in place and cash flows through a property management company and a 2nd is a flip that is just about finished. What do people recommend on how to get my money out of the1st property if I am self employed And the banks have a hard time understanding my k-1s and tax returns and can’t loan me a standard 30yr fixed loan. I don’t want to do an expensive 6-7% commercial loan become it will make me cash flow negative Any thoughts or ideas?

@Benjamin Riehle Hi Benjamin - i am currently active in DFW but actively looking to grow into the KC market a couple questions Do you have a renovation team In house or use a GC to do your renovations? Are you sourcing your deals through mls or of market deals?

I am trying to refi a property that I bought in June and have stabilized with a tenant in place. I am out of California but see implored so the big banks have a hard time getting pass several K-1’s and and gains and losses on my k-1s on my personal tax return. Does anyone have any recommendations on small banks in dallas or ft worth that they have found helpful in doing a refi and also living out of state? Thank you

I have a property in Ft. Worth Tx that I own all cash and want to refi cash out and do a good 70/30 LTV. I want to make sure that the deed is in the LLC name not in my personal name and have been told that I personally guarantee the loan but that at time of closing I quit-claim the deed into the LLC. My first question is -- is this true and the correct way to do this to have the LLC liability protection and 2nd does anyone know someone that can help me with refi in Texas to help me refi this house

Please let me know we are ready to begin the loan process now

Thank you