All Forum Posts by: Paul Smythe

I am considering refinancing a property I am fixing up and renting it out. I am wondering what sort of loan I would be able to get with a high LTV. From what I can tell the smaller banks are going to be my best choice, but I'm not sure which banks to go to. Any advice?

@Allende Hernandez My experience with craigslist is a lot of people putting up ghost listings just to get you on the phone. It's not a bad way to get in contact with wholesalers, but I imagine you're going to have difficulty finding any truly great deals.

Welcome Ricky. Soak in as much as you can!

Have you considered having occasional meetings inside the city?

@Comfort S. That it is

@JD Martin I have been pretty proactive about staying on top of the status of the flip. My contractor payments are structured in a way that encourages him to complete tasks quickly, so I'm optimistic that we won't fall too far behind on scheduling.

I am wanting to hear the BP community's thoughts on what I should be doing now. I'm in Atlanta. I've started my first flip and the rehab is in progress. I was extremely busy leading up to the closing and the week after closing, but now that the rehab is moving things are slower and I'm wanting to get advice from others about what I should be doing with my time.

I enjoy searching for deals, but I don't have endless funds so I'm capped at how many properties I can jump in on. What would you do if you were in my situation?

I'm curious. Has there ever been an agreed upon standard for $/sf for rehab? I've never considered that as a way to analyze rehab before.

@Greg Behan would you have a link to J Scott's post?

My thought was that the 2% rule incorporates the 50% rule. It's essentially just a 10 cap at 50% expenses. I am definitely using 50% expenses when I'm running the numbers, though.