All Forum Posts by: Travis Hardy

Listed house at my price point. 3 offers within less than 24hrs. Under contract in 48hrs. Close in 30 days. Ill trust myself more than the realtor on pricing on next house. Thanks again for insite on pricing! 

Thanks everyone for some points to think of. This is really the things I was looking for. Things for me to consider when pricing. Listed it at my price. Got 2 viewing within 30mins of listing it! 2 more a little later in the day and 3 more scheduled over the 2 days. The fortunate part is that I did 90% of the work so actual cost was only material and alot of my time. Ill make money on it at almost any price point but if I cant get asking I guess I got another rental, which isn't too bad of a thing. Thanks again

Thanks for the insite. Its sad that doing a "lipstick on a pig" remodel is more advantageous and buyers dont see the cost over years(foundation , electrical, plumbing, etc) issues alot of times when buying. 

I have a property that I did major rehab to that I am in disagreement on pricing it. Comps are fairly different in my opinion. Realtor wants to list it 10k less than the number I came up with. I have redone the foundation, all new electric, all new plumbing (PVC to the street), all new kitchen, added a bath, new flooring, all new windows/doors, updated all insulated while walls were open for electrical, new furnace/AC, new siding. It is basically a new house except the roof, which is metal and does not leak). Im trying to tell the realtor that it should be priced in between new build prices and remodeled houses. I did not skimp anywhere as I planned on keeping it and am now looking to sell it. 

Comp 1(Sold 14k less than I want to list at)- 

Things that are worse than mine-Is on a slab foundation and clearly has foundation issues. (Large hump in middle of room plus cracking along drywall), mine has a large basement(cant count as living space due to no egress) old kitchen cabinets, old furnace, old windows(condensation in between panes). On a the main st, mine is on a dead end with only one house past mine. Layout of bedrooms is awkward. It was definitely a "fix and flipper" lipstick job. 

Things that are better than mine- Has garage. Is 3bd/2bath(They are able to count, mine is 2bd/2bath with attic(due to slant of roof cant technically count as bedroom), Small deck.

Same sqft, same lot size, 2 blocks away

Comp 1 is the best and most recent sale.

Comp 2-(Sold at what Im looking to list for)I was not in this house so I'm not as familiar with it. 

+100sqft. 4bd/2bath. carpet throughout house. 

Basically my realtor says because I can count the attic as bedroom and cant count the basement as living space, that I need to price it cheaper. I disagree as the attic would make a perfect bedroom, even though it cant officially be called a bedroom, for a kid and I took all the steps to make sure that there would be no water issues in the basement (Dug drainage along house, added "pond liner" and waterproofing tar along exterior of basement walls). Basement area is another 300sf. 

Any advice would be greatly appreciated. Thanks in advance. 

I currently have a property that I will come up ~$20k short to finish.  Located in CO. No leans on property. Looking for funding to finish. 

Yes I am looking for "HML"s. I've tried Pine. They won't lend to me due to population size. I'm trying to avoid Junction because it's 2 hrs from me. I have tried some from the "build your team" and will keep trying. I have found one that will lend in Glenwood Springs, however they require much more down and a much higher rate and fees.

Looking for a lenders that will lend on properties in areas such as Rifle, Glenwood Springs, Silt, Meeker and other smaller towns for Fix & Flip. Ideally for BRRRR if possible. I have ran into issues about the population of these city's with prior lenders.

I got an offer of "starting as low as 9.99%". The numbers you listed make the deal I am looking at a doable thing, I just need to find someone who offers that. I'll keep looking. Thanks a lot for the info!

I recently quit my W-2 job of 11 year to work full-time as a contractor and working with an investor flipping houses. It's not that I don't still make as much money as I did with my W-2 job(actually will make more) however I am now no longer able to get "conventional loans" due to they all seem to want 2 years of work history. I have spoken with a couple lenders already and am still in talks with some. I will keep trying as well. On another post, someone recommended a Debt Servicing Loan". I'm trying to first, find a lender that offers this, and second trying to find what the rates/terms are normally for this type of loan? Is this closer to "hard money" at 10%+? Or somewhere in-between conventional and hard-money?  Any input on this type of loan or other types that don't use my income directly to approve the loan would be greatly appreciated. Thanks in advance

Is the "Debt Servicing Loan" done through a "normal" bank? Or is this a specialty financing done in another manner?