All Forum Posts by: Rob Couch

Hi Deneuve, Thanks for the reply. This house is basically turn key so I wouldn’t have to do anything to it to put it on the market for rent. Sure there are some updates and improvements that COULD be made, but I wouldn’t want to put my cash in for downpayment, then put in more cash for improvements with the worry that the house wouldn’t refinance high enough to pull all my cash back out. 

I suppose I could just use my own cash as my “loan” and pay myself back just like I would an investor. 

Thanks for your advice and good luck with your deal. 

Hi all, 

Still relatively new on the forum but have listed to a bunch of the podcasts  We (my wife and I) sold our first flip last month and now looking at a buy and hold property. 

The house we are looking at is in good condition and a great location, close to the University of Notre Dame so lots of rental options like student/visiting professor/short term for sporting events, etc. Typically we would be looking for a BRRRR type house but the prime location is very appealing. We are looking at doing an off market deal with the current homeowner, we should be able to pick it up for around $200k. My question is about downpayment, we have the cash to do 20% but would rather save that for buying flips for cash. We are opening a HELOC for flips also, so we would have quick access to that money if we needed it for a flip, if we had to put our cash in as the down payment. I'm just typing to figure out a way to not have to be out of pocket with so much of my own money. I don't think the seller would want to do a seller financing option, they want to be done with this property and will need to qualify for a mortgage on their next house. If I brought in private money I would probably be paying a higher interest rate than my HELOC. I could bring in an equity partner but then I dilute my cash flow. Am I missing something, or do I just need to bite the bullet if I want this deal?

Thanks Jim, great point. FB is probably the easiest and most popular social platform right now so we need to be on it. 

Thanks for the replies, I appreciate the suggestions and feedback. 

Hi all, I believe this is my first post on the forums so I’m glad to be part of the group. I have a question about what and how much information to place on business cards. We are building our business and getting ready to sell our first flip. Our main focus going forward will be flipping properties and eventually adding in rental properties when we find the right inventents to keep long term. 

We want to market our company at the open houses for our flip and promote ourselves at networking events. We have not gotten into all the “we buy houses for cash” marking yet, so I was trying to keep this first version of the business card professional with names and contact information. Something that directs people on how to contact use and view company information. I have a couple of questions:

- is it necessary to have a presence on all platforms? We will have a website, Instagram and FB page. I was considering if FB would be redundant with a website. 

- what about QR codes on a business card? Helpful or gimicky?

- I was discussing business cards with a fellow real estate investor and he said to not list myself as the “owner” on the card itself, use something like “project manager” or the like, that way when dealing with someone selling their home and you are trying to work a cash deal negotiation, it would not be as intimidating for the seller thinking they are dealing with a business owner and it also gives some leverage as you can say “we’ll let me take that back to the owner and see what he says”. Maybe this would apply to a “we buy houses for cash” marketing card, but I fee like I should be honest on my main business card. Even on a marketing card, I assume a seller would eventually finding out you are they onwer at closing and feel deceived? What are the thoughts about this?

- our business is an LLC, that's just a legal description, is it necessary to state that on our business card after our name?

- last, my wife and I are co-owners and co-founders of this company, how do you suggest we list our title on a business card? Just as co-owner or should one be a president and one a CEO or something along those lines?

Thanks for the input, I hope to have a rough draft of the card to post soon.