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All Forum Posts by: Sawyer Dina

Sawyer Dina has started 13 posts and replied 33 times.

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

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

Thanks for your response @Collin Placke! Yeah, I'm familiar with a lot of the hard money guys, I used to work for one and have nothing but good things to say about them and still use them to fund my own deals. I'm not really after hard money connections, those I already have. Really what I am looking for is to acquire additional funds so I can leverage that money for downpayments on several deals rather than just a few at a time. I'd use that money in combination with private or hard money guys so I can scale up and do 10+ deals in a year vs the 3-5 I can manage myself now with my own cash and use of HML.

So honestly looking for help in that front, like a small business bank loan or other creative financing ways to scale. Do you have any suggestions in that regard?

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

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

Hi there, my name is Sawyer! I've been involved in the real estate world for over 4 years now and have learned several faucets of the industry. I started out working business development for Marcus & Millichap (helped my sales skills and gen. real estate finance), did acquisitions and project management for a small real estate developer (learned acquisitions, increased my renovation knowledge), was an underwriter for Fund That Flip (developed strong real estate analysis skills), have been an agent for 3 years (gen. real estate sales understanding), and have flipped two properties on my own successfully and have 3 more in renovation currently.

I launched my own company and now work full-time as an investor. My credit is in the mid 700s and I have $50K+ in the bank, my BIG QUESTION here is where do I source additional funds to scale my operation and grow? Does the SBA offer loans to real estate investors like us? Do you know of any banks that help smaller time investors with some experience and cash scale up with funding?

At this point in my career I feel pretty confident in handling several projects at once and coming out profitably, I know I can rinse and repeat and take on a lot more however with the amount of cash I have right now (even if I spread it out with other financing methods) can only do 3-4 a year when I'd like to do 10+.


I am open to any and all suggestions! Thank you.

Post: Need Advice on How to Scale my RE Business

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

Hi there, my name is Sawyer! I've been involved in the real estate world for over 4 years now and have learned several faucets of the industry. I started out working business development for Marcus & Millichap (helped my sales skills and gen. real estate finance), did acquisitions and project management for a small real estate developer (learned acquisitions, increased my renovation knowledge), was an underwriter for Fund That Flip (developed strong real estate analysis skills), have been an agent for 3 years (gen. real estate sales understanding), and have flipped two properties on my own successfully and have 3 more in renovation currently.

I launched my own company and now work full-time as an investor. My credit is in the mid 700s and I have $50K+ in the bank, my BIG QUESTION here is where do I source additional funds to scale my operation and grow? Does the SBA offer loans to real estate investors like us? Do you know of any banks that help smaller time investors with some experience and cash scale up with funding?

At this point in my career I feel pretty confident in handling several projects at once and coming out profitably, I know I can rinse and repeat and take on a lot more however with the amount of cash I have right now (even if I spread it out with other financing methods) can only do 3-4 a year when I'd like to do 10+.


I am open to any and all suggestions! Thank you. 

Post: Local Investor - Sharing my Story and Looking To Hear Yours!

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

Hey @Stephen Roesler! I'm glad you enjoyed reading about my journey, I'm also happy to hear from other investors and learn about their journeys' as well. 

You made the right move majoring in finance, I wish would have done that back in college. I majored in marketing, which definitely helps but I tend to enjoy the numbers side more. And that's great you are working underwriting! That is in my opinion one of the best positions to learn the foundations of real estate. If you get really good at understanding values, costs, and overall finance you will be able to make smart investment decisions in real estate rather than forcing deals.

 I wish the best to you in your career!

Post: Investing now vs wait and see the ripple effect of CORONAVIRUS

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

@Nick Troutman - great question man! I think we all are a little skeptical and confused as to what the right move is. One can only take an educated guess based on the current status of our real estate market. There are obvious goods and bads of where we currently stand. The bads.....unemployment is skyrocketing, I believe we are up to over 30 million now, and 10+%, which is startling as we were at record lows being in the mid 3s just a couple of months ago. Unemployment if sustained long-enough can crush this economy and will open the floor for missed payments and pre-foreclosure and foreclosure opportunities. Also, potentially an even larger 'bad' to the market is the FEAR that is being streamed daily and repetitively throughout the news and media. This fear causes people to sit and wait, when you have a mass of people sitting and waiting doing nothing with there money a dip can occur in real estate prices as less buyers are swimming. 

However...there are some very solid 'goods' as well. Going into this we had almost record low mortgage rates, as well as historically low real estate supply. Those two factors along could keep our real estate market afloat. With such low supply and low interest rates buyers, though many are fearful, still need a place to live and are still actively looking to buy a home and for them it is still makes sense because of the low interest rates. Which in turn, can keep prices still high and could potentially sustain these prices until this ordeal blows over.

So honestly, it is really up to you how you'd like to play this. There are real estate deals in every type of real estate market whether it be in a downturn or expansion. Personally, I'm still acquiring and will continue acquiring and trying to make deals happen regardless because at the end of the day you just have to make sure your numbers line up. Of course if we are heading into a recession, you need to be prepared, so if you are looking to acquire at the moment make sure you are extra conservative with your ARVs and beef up your renovations costs just in case so you can make out still with a solid profit.

Good luck!

Post: Local Investor - Sharing my Story and Looking To Hear Yours!

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

Hey @Ann Shanley, thanks for replying! That's a pretty interesting niche to get into, assisted livings. What got you inclined to search for that type of asset class? And as of now I am not in a local REIA, but I intend to get more involved, do you have any suggestions?

Post: Local Investor - Sharing my Story and Looking To Hear Yours!

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

Hey, thanks for stopping and clicking on my post! My name is Sawyer and I truly believe that RE is more of a people business than it is an asset business. That's why I’m grateful to connect with anyone on here who is open to exchanging ideas, wisdom, lessons, ect from their experiences in the expansive industry we have come to know and love. You truly never know how someone you meet whether it be through a social forum or at a bar, is going to change the dynamic of your business and/or life.

Anyways, my passion for real estate investing began in sort of a bizarre way; it more or less blossomed out of the experience I had suing my college landlord. That story is intensely long, and I've already had to delete it twice while writing this post, so as a means not to bore you all to sleep, I'm going to leave that part out. The shortened version is this--college slumlord fools dumb college kids to pay an exuberant amount per person as a security deposit, landlord does not return said security deposit regardless of the condition of the property and video/photo evidence we have, we sue him...battle him in court for 13 months, we win in small claims court representing ourselves and garnish his bank account. 

Normally the above would steer most people clear of real estate investing and develop the perspective that ALL investors are just cheap-bastards looking to make a buck, but I more-so developed the mindset that "hey, if I can take down a slumlord like this and teach him a lesson maybe I can prove that there is a proper and dignified way to invest". I didn't want anyone else to experience that and ever since then I wanted to develop myself, grow my wealth and real estate knowledge so I could do it the RIGHT way treating people with respect and fairness. 

Flash-forward 4 years into the future and I've finally started to gain some momentum. As we've all learned from BP, Real Estate is a long-term play, not a get rich quick scheme. Over the past several years, I have worked business development for Marcus & Millichap, acquisitions for a real estate developer known as Relief Properties, and been an Underwriter for a hard money lender called Fund That Flip. During my years of employment I allowed myself to learn many facets of the industry, including real estate sales/marketing, acquisitions, raising money, project management and real estate analysis/underwriting. In the back of my mind while working for each person, I always knew in my heart working for someone else just wasn't going to cut it for me. So...I decided over those same years to apply those skills I was developing my own business. 

I began acquiring my own properties, with my first one being an FHA house hack where I rented rooms in the house to pay my mortgage. I learned construction and how to renovate through doing the work on my first two properties and ended up selling them each for over a $30K profit after all carrying/holding costs. I started to realize how lucrative, process oriented, scaleable, and fun this business could be. I launched my business this year at the beginning of 2020 called American Freedom Homes and went ALL IN. I'm currently and happily self-employed, have 3 new projects on the books and looking to scale up!

Over the next several years I aim to continue growing and pivoting into developing a massive rental portfolio of extremely well-constructed rentals with excellent processes in place that provide tenants the highest quality of living. 

IF....you took the time to read any of this, I just want to say "thank you" and if you're open to sharing your story and/or would like to connect/work together now or in the future please leave a comment below!

I look forward to hearing from all of you!

Post: Recommendations for Solid RE Accountants In Cleveland OH?

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

Hey BP Cleveland!

I am looking for recommendations for great accountants in the Cleveland area that specialize in real estate. Especially accountants that know how to handle fix n' flip business finances, taxes, and ideal structuring.

Any recommendations will help! Thanks in advance for your help.

-Sawyer

Post: Thoughts from a contractor/investor perspective

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

Hey @Account Closed!

Thanks so much for sharing your wisdom over the years of working with a variety of people within the industry. The perspective you bring to the table is really crucial here, one of both an investor and a contractor. From what I have seen and experienced, investors and contractors, for the most part, think VERY differently. So that fact that you have the ability to see both sides of the equation is immensely valuable for your clientele. 

As a quick disclaimer here, our team currently works with Joe and his team and just began a business relationship together. So far, he has been nothing but professional with us, responsive, understanding, and flexible. Joe, I know your post wasn't at all about you marketing yourself, but I just quickly wanted to chime in and tell all the folks that read this that I seriously haven't met a contractor like him. Although we just began work with him, he holds himself and his business at such a professional high standard that he has built immediate trust with us.

Through reading through what Joe had to say about who he identifies as those who are/will be successful in this industry I couldn't agree more. Although our company is young, we hope to grow and learn from people like Joe who have this kind of experience and wisdom, and all of those reading this should as well.

Being successful in real estate is difficult, and being successful in life is even more difficult. But if you continue to learn from those who have been "around the block" , read, develop systems, engage with others and apply what you learned, overtime you might just find yourself exactly where you want to be in your career and life. 

Thanks again for the insight Joe!

Post: Finding and contacting the owner of an abandoned property

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

@Cliff F. the best way to contact me is via BiggerPockets through private messenger. Then I'm able to provide you with my contact info. It's not allowed through the forums. Feel free to send me a colleague request and message. Talk soon!