All Forum Posts by: Westin Hudnall

I’ll give you an idea of value... address ?

Kansas Secured Title is fine... Just go see Mandi at the downtown office. Do you have any properties ? @Nicole Harmon

I currently have almost 40 rentals and due to large maintenance bills and maintenance  headaches ; I want to dive into owner carries.(no maintenance, higher monthly cash flow etc)

I need to get some lenders on board.  The deals I have access too are typically 50% of arv. I know plenty of saavy investors have figured this piece out so please only comment regarding advice and ways to convince lenders on the benefits of them lending to me and allowing me to then carry a note and mortgage for a buyer.

Thank You

 @James MacKinnon

I pick up a property weekly on average. All have a minimum of 25% ARV equity.

I could be flexible yes, what terms do you typically loan ? 

I would want you in 1st position yes so you would be comfortable and my properties typically range from 50-110k which includes purchase price and rehab.

Have you loaned before ?  What terms did you give/are you comfortable in loaning and what amounts are you comfortable in loaning for the right situation ? 

To get an idea of my equity positions, examples of the 3 properties I close on in the next 10 days are as follows : 

Purchase 60

Rehab 25

ARV (already appraised with as completed value) 135

Purchase 70

Rehab 15

ARV (already appraised with as completed value) 130

Purchase 90 (owner is carrying the note)

Rehab 20

ARV 150-160

All 3 in areas I would expect to have a good shot at picking up a buyer the 1st week of rehab completion. 

We have a crew of 14 before subs that work solely for us so we are able to turn over properties timely.

10% return on your money

My projects turn around on 4-6 month averages

Looking for advice on how to find private money lending in the Wichita, Ks area 

How often do you get deals in Sedgwick County here in Ks  ? I buy 2-3/month (flips and rentals)

Hello BP friends. I am an agent and a flipper/buy and hold investor.

I was using postlets frequently for my personal rental listings as well as for sale listings.

Zillow has bought out Postlets and taken away this capability from me.  Boooo hooooo to me.

I wanted to refer to the BP guru's to let me know what other websites can I create a post on that will kick my listings out to a large majority of sites increasing my exposure ?

Thanks in advance