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All Forum Posts by: Beau Romstedt

Beau Romstedt has started 8 posts and replied 43 times.

Post: Fire damage auction home next door to me. Wichita Kansas.

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

If you get it for the right price you can make a lot of money if you want message me or I can message you me and my partner live in Wichita we are both general contractors and investors 316-841-6764

Post: BRRR strategy confusion - Refinancing

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

Thanks Chris thanks Joe for clarifying that I appreciate that.

Post: BRRR strategy confusion - Refinancing

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

I wouldn't say no to a partner . I've done tons of renovations for pennies on the dollar but usually I just take the money I may do some sweat equity but now that I turn 30 I'm really motivated to build up a rental portfolio and stop turn all my cash in the trash.

Post: BRRR strategy confusion - Refinancing

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

    thank you for clarifying that, how many times can you repeat this process as in how many mortgages can you have under one names cash flowing?

Post: BRRR strategy confusion - Refinancing

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

So I purchased a property in march of this year with 100% of my cash for $37,000 and I've put 20 into it I had it appraised other day for 125,000.

So what you're saying is get a mortgage on it get my cash out and start another project? So am I understand this right?

hi everyone I was wondering if anyone had any recommendations on any asset-based lending companies that serves Kansas ?I have a opportunity to get my hands on a very good project if possible thank you.

Thank Beau

Post: Looking for asset-based lending in Kansas

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

Hi everyone looking for an asset-based lending company in Kansas?  Found a pretty good opportunity if I can get the deal funded. The purchase price on this house is $88,000 back to repair value and county appraisal is that 147,000 strictly cosmetic. 

If any you guys have any info on anyone I contact it would be greatly appreciative.  Thanks Beau.

Post: DIY Hardie Siding

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

I would try a Menards, ABC Supply, or Sutherlands. I believe they will have one of those in your area and usually can order in other Hardie products they may not stock on a daily basis. 

Post: single-family into multi family

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

@Steve Vaughan As of right now there is 10 leased with 4 coming up for renewal in Feb. Buildings were built in 1992, most of the rehab is 100% cosmetic and lack of maintenance and management. The owner currently lives in the Philipines and property management company is in another town...

Post: single-family into multi family

Beau RomstedtPosted
  • Lawrence, KS
  • Posts 45
  • Votes 4

THANK YOU SO MUCH @NICK BALDO THAT IS A BIG HELP .