All Forum Posts by: Whitney McNair

@Patrick Roberts I have several. Just looking for some inspiration today. 

If you wanted to increase your cashflow by 2k a month, what would you do and why? 

@Oleg Donets Yes. I'm also looking for maybe a lead capture that funnels to a crm. 

Does anyone have a good lead generation website they have created to find homes to flip? I would like one that links to my crm. Just looking for ideas/options. Thank You!

Thank You all for the replies. I'm aware of the VA loan program, and equity as gift funds but must be a family member. As a Real Estate Investor I've found that it's best to keep a W2 or 1099 and have good income coming in. My husband and I flip as well to pay off rentals or have money to purchase rentals. I spoke with a banker a few years ago that would count "equity" or a down payment and I'm finding that it's no longer. I was just checking for any creative ideas.

I'm looking to purchase a home and I don't want to put any money down. What I want to do is buy the home low enough that the lender will count the equity for down payment. I've called several bankers and they have told me this isn't available and they could only do it if I had another property paid off and I could use that as collateral. Just wanted to see how to structure this? 

Have you done one where you didn't replace all the drywall? 

I'm doing a BRRRR that was burned in a fire. Garage was bad, but we replaced the bracing, roof, etc. The rest of the home wasn't really bad. However even after the renovations I'm still smelling the smoke smell. We have cleaned duct work, etc. What are some remedies to get the smoke smell out other than an ozone machine?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $150,000
Cash invested: $15,000
Sale price: $301,000

Found this deal off market and flipped it quickly for a profit. I do fix and flips and take the money to invest as a General Partner on a syndication team.

What made you interested in investing in this type of deal?

Quick sale and high profits to re-invest.

How did you find this deal and how did you negotiate it?

I found this deal off market from a Realtor.

How did you finance this deal?

Hard Money

How did you add value to the deal?

New kitchen, countertops, appliances, flooring, demo, new bathrooms, paint, etc.

What was the outcome?

Rehabbed and sold in 3.5 months.

Lessons learned? Challenges?

I would have hired a junk haul person to do the clean out instead of my contractor.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the Listing agent and sold the property in 3 days.

Investment Info:

Large multi-family (5+ units) other investment.

Cash invested: $65,000

Limited Partner in the Regatta Apartments Syndication.

What made you interested in investing in this type of deal?

Self directing my IRA. IRA was not making any money and I was able to redirect for higher returns.

How did you find this deal and how did you negotiate it?

Networking

How did you finance this deal?

IRA