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All Forum Posts by: Rachel Gill

Rachel Gill has started 15 posts and replied 76 times.

Post: Interest payback on family loan to get started

Rachel GillPosted
  • Investor
  • Baltimore, MD
  • Posts 78
  • Votes 48
Brian Mathews Thank you. I appreciate the straight talk.

Post: Interest payback on family loan to get started

Rachel GillPosted
  • Investor
  • Baltimore, MD
  • Posts 78
  • Votes 48
Art A. & Brian Mathews I'm considering a hard money loan that offers 90% of PP + all rehab costs. I realize that hard money loans require "skin in the game". I have only 6K in reserves and am thinking my initial out of pocket investment will be closer to 20K or more. Other than borrowing from family, what might you suggest to get started? Any thoughts would be appreciated.

Post: Features that sell a rehab

Rachel GillPosted
  • Investor
  • Baltimore, MD
  • Posts 78
  • Votes 48
All great ideas Andrew Cordle . Much appreciated. Love the thought of something inexpensive but unexpected.

Post: Features that sell a rehab

Rachel GillPosted
  • Investor
  • Baltimore, MD
  • Posts 78
  • Votes 48
Merry Christmas everyone! Newbie here from MD. I'm planning to focus my REI on fix & flips. Was wondering if some experienced flippers out there might share what features they feel have made the sale on their flips. Open floor plan? Classic design? Kitchen/bath?

Post: Interest payback on family loan to get started

Rachel GillPosted
  • Investor
  • Baltimore, MD
  • Posts 78
  • Votes 48
Hello All! I'm new to BP and am absorbing all of the great info on this site. I want to focus on fix & flips, but I have little to no money to get started. I'm thinking of swallowing my pride and asking my father for a 25-30K loan to get started. This amount would be my "skin in the game" for a hard money loan. My question is this... What is the best way to structure the payback of this loan to make it of benefit for my father?

Post: Why networking is important.

Rachel GillPosted
  • Investor
  • Baltimore, MD
  • Posts 78
  • Votes 48
Great thought Don Harris