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All Forum Posts by: Sawyer Dina

Sawyer Dina has started 13 posts and replied 33 times.

Post: Financing Ideas for a Unicorn of a Deal -- THANKS!

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

Here's the Deal:

We picked up a flip for $72,500 and the neighbor wanted to buy it off of us. His motive is to move his parents into this house because they are sick.

We have a signed purchase contract for $115,000 with no inspections, no contingencies, nothing... he is buying it AS-IS and has $10k in escrow.

We would use our own capital if we weren't building a new bank relationship and planning to refi out of a few duplexes next month.

We already have hard money lined up for this deal, but it doesn't make sense to take that route as we are literally selling it less than 30 days after we acquire the property.

Purchase Price: $72,500

Signed Contract Price: $115,000

Purchase Closing Date: 1/27/23

Selling Closing Date: 2/24/23

End Buyer has $10k in escrow and a signed purchase contract

Any suggestions would be appreciated!!

Post: Recommendations on Handyman/Maintenance Guys

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

Hey there!

I'm a newer landlord here in Cleveland. I own 8 duplexes now and we are acquiring more properties every month. All the properties we acquire are value-add and we always put in a solid renovation upfront to prevent the constant onslaught of repairs in these very old properties. My partner and I currently self-manage and we want to continue in that direction. In order for us to not create a cumbersome new "job" for us we need to be equipped with 1-2 decent handyman/maintenance guys we can send out when the tenants have an issue.


We would be extremely grateful if a few of you who operate in Cleveland would recommend someone or help point us in the right direction in connecting us with solid maintenance guys.

Thank you!!

Post: Hire a New GC or Self-manage your own subs?

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

Hey fellow investors, I need your help. In your experience what have you found more value in doing; finding the right GC or giving control to yourself and managing your own subs for various portions of the renovation?

I have been in this dilemma for a few years now and flipped several properties using a number of general contractors. So far, not a single GC has really made the cut in my mind. They hire cheap ineffective labor, cut corners, and take way too long. Am I better off hiring the subs myself and managing the project to completion or finding the right GC for the job?


Any advice is welcomed because this seems to be my biggest pain-point in my business right now. Thanks in advance!

Post: HML that lend in Cleveland

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

Hey @Damian Ramirez! The majority of hard money lenders do appear to lend here in Ohio, so the good news is that you have plenty to choose from however not all are created equal. I have bias because I used to work as an underwriter for this lender but they do a tremendous job, the company is Fund That Flip.

After working for Fund That Flip I went full-time as an investor and I currently use them to finance my flips. Most of the rates among HML are generally pretty close however where Fund That Flip differs in my opinion is the flexibility and problem solving of their team. If you have a unique deal and need helping funding it they will bend over backwards to make sure they do everything possible within their power to close on it, even tossing out low appraisals (I did that while I was an UW) on certain deals where the appraiser was being a moron. Fund That Flip takes a more human approach than a lot of other lenders in my opinion and that comes with great value.

Feel free to reach out and mention my name if you choose to!

Post: Skip Tracing Recommendations

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

Hey BP community. I'm looking to get some recommendations on skip-tracing services you have used and/or are currently using and have had success with. I appreciate your input!

Post: Proof of Concept Down...Now How Do I Scale Up?

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

Hey @Filipe Pereira, thanks for commenting! Haha, no....there is absolutely nothing wrong with working hard, saving money, and buying properties. That essentially is what I'm doing and what I have been doing, however as we've learned so much through BP it doesn't hurt to reach out and raise private capital or use creative financing to scale up quicker. I'm not a newbie begging for 100% financing on my first deal here. I have cash, good credit, a scalable business with a track record, connections to HML & PML, and of course a hard work ethic. However, I do this full time and I'm not made of money, it makes sense at this point to raise capital.

To answer your direct question, I'll need $100-110K for my next deal. But again, I'm not completely after raising the funds for just one deal. I'm interesting in meeting/talking with people who invest in business like mine for a living and would like to deep dive into my processes/experience/numbers and would consider helping me scale beyond that. Of course, it also makes sense for someone like that to try just one deal with me first, but again open to any and all suggestions so I appreciate the comments/thoughts thus far.

Post: Proof of Concept Down...Now How Do I Scale Up?

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

Hey @Anthony Dadlani, appreciate you being part of the convo here! Yeah you're correct, using HML, PML, and capital partners are a must in this industry, most of which I already use. I am always open and looking to connect with more, so open to suggestions!

And sure, I'd be happy to talk further with you. I'll shoot you a PM and see when you'd be available next to chat. Thanks!

Post: Proof of Concept Down...Now How Do I Scale Up?

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

@Josh C., thanks for chiming in man! Yeah, I'm not at all interested in working with banks on my deals, as you said, very tough to finance flips that way. I was more wondering if you know of any smaller or regional banks that work on lending to small real estate business in general for scaling up and growth purposes. That way I can put that money to good use, aka downpayments and such to exponentially increase the amount of deals I am able to do. Let me know!

Post: Proof of Concept Down...Now How Do I Scale Up?

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

@Mike Dymski - thanks for contributing! And yeah, I agree with you I'm not too far off however this is what I do full-time and in order to properly make sure I am on track to hit the 10+ in a year or two I need to be raising capital. So I didn't know if there were some creative financing or suggestions in order to raise additional funds to put forth towards downpayments to use in combination with HML and PML. That's why I posted, in order to get some of that advice. You are exactly right though, networking and continuing to talk to people is most likely the best way to raise these sorts of funds. I'll continue to do that, thanks!

Post: Proof of Concept Down...Now How Do I Scale Up?

Sawyer DinaPosted
  • Flipper/Rehabber
  • Cleveland, OH
  • Posts 33
  • Votes 17

That's awesome @Collin Placke, definitely wish I had the access to private capital that you do. How'd did you find the amount of private capital to fund a 100+ unit? Any pointers on where/how to find legitimate private money guys?