All Forum Posts by: Lane Kawaoka

How are people using BP to keep in touch with those who we have connected with in the past? BP keeps an archive in the inbox but is that the best way? Or is a separate CRM/excel document what the cool kids are doing?

@Jay Hinrichs not understanding about the real equity? How do they determine that? Once you rehab wouldn't you get an appraisal or do you need to wait 6 months or something?

Do you think its just better off finding a small bank/portfolio loan to do the BRRR?

Any new developments with B2R? Are they just like any large provider (IE USBANK/BOA) where their rates are meant to just get the lazy investor? Are we better off cold calling small banks for that illusive portfolio loan product?

I am looking for rehabbers/agents to partner with me on employing a brrrr buy rehab rent refinance strategy. I am looking for projects that once rehabbed will create a B + or better property that will rent for over $1200/month. Rehabber (that's you) will preform rehab for a flat fee not including labor and materials ($5000) or say 50% of appraised value once completed. I would like to pick these up for 80% retail which sound greedy but if we partner there are a lot of benefits for both parties. I will provide private money to fund project and rehab. Your benefit will be no hard money costs, no need to find a buyer, and possibly pocket the commission costs. My vision: Find a 4 bed 2 bath 2000 sq that needs some work for 70k. Rehab for 30k. I am in it for 100 and get a 110-120k appraisal. If we structured our agreement to share profits you could stand to gain (120-90)/2=15k or more. Let me know if your have an input to this proposal or PM me.

Make sure you take 90 percent of your home value to get your boot after selling commissions etc. you might be left with less than 130.

Please add

There used to be a fatwallet dot com forum post with best Heloc rates. I don't know if it is still updated.

3.25% on 80ltv 5.25 on 90 This was a year ago so things might be better. I heard of folks getting 100 but did not provide provider. This was at my local cu.

So if you have maxed out your Fannie Freddie loans what is a RE investor to do?

Pm me for a contact.