All Forum Posts by: Tom Camarda

@Jason Taken

This will be a cash close, so 1st position lien is a good suggestion. I am bringing 50% of the purchase and rehab cost in OPM. (Hard money) We have put our offer in, waiting to hear from the seller.

@Jason Taken hard money financed

@Jason Taken

We are looking to do a 50/50 split of the entire project. From acquisition to rehab to sale. 6 month project in and out.

HI All,

I may be partnering with someone on a SFR fix n flip. Whats the best way to structure this? I would be putting up 50% of the funds needed to buy and rehab. Guessing we should start an LLC and do 50/50 membership ?

Thanks,

Tom

Thanks Kevin. I'm thinking the cosmetic route is the way. Start with the exterior, then inquire about light work interior before raising rents... And then refi.

Considering a 4 plex that need work but has tenants in place. Looking for suggestions on what / how to rehab while leases are active in order to refi out of hard money? 

Best,

Tom

Hi Kyle,

Sorry for the late reply. I have heard of all but Steven Glasgow. I will reach out to him this week. Thanks for the feedback! 

Best Regards,

Tom

Hello,

I am working with a HM lender in TX who funds 100% purchase and rehab costs (rehabs are repaid in draws.) They charge 1pt and 12%. I'm looking for similar (or better :) terms from a lender who lends in OH.

Thank you,

Tom

Hello BP Community,

I am looking for wholesalers in FW. I have a team there including property management, contractor and realtor and am looking for this piece of the puzzle to find some deals. Feel free to contact me directly.

Tom Camarda

www.pheasantcanyon.com

Thanks Alex. Good chatting. Will be in touch.