I currently work in Contracts/Procurement full time and plan to do this outside of work until hopefully I can transition full-time.

The banks will almost always reduce list prices monthly until a sale is procured.

I don't carry it because I'm afraid, but because it enables me to be unafraid.  

So when I tenant specifically ask you if you own the property or know who the owners are you don't tell them that it's you?

We have significant corporate experience in international business and bring a strong skillset in management, operations, procurement and project management to our venture.We have spent the last couple months educating ourselves and are now ready to move into the action phase of our plans.  

@Crystal SmithThanks for the suggestion and just to add the 6 bed 3ba unit turned out to be a one size fit all solution for me and offered lot of flexibility when extended family  from out of country was here it gave me ample space as a standalone unit,because the in law unit is right below the main unit and it enables me to quickly downsize and rent that 'additionsl unit' when I don't need additional space.

“Good Thesis” for Single Hard Money Loan: Borrower: Experience with multiple flips in target marketBut… doesn’t have more than a handful of flips going on at any one timeFlip is next logical progression:Example: Flipper used to doing SFH in a given market for past several years is doing a slightly larger project, or scaling to do two simultaneously.Example: Flipper used to doing SFH in a given market is not progressing from small fix and flips to a $2M luxury quadplex ground-up development in one jump.Flipping is the borrower’s full-time jobOr, their single side project in an otherwise established careerFlipper does not have 10 other projects going onBorrower has established contractor networkBonus: Has established contractor skillset and licenseBonus: Has deep experience personally remodeling flipsBorrower personally guarantees loan:Has material assets and net worthIs not highly leveragedHas a cash flow positive lifestyleDeal: Close, clear comps support both acquisition and disposition priceProject timeline and rehab plan is detailed and specificBorrower is willing to loan disbursements staged upon completion of clear project milestonesBorrower has procured binding quotes from contractors regarding scope of flipLoan is no higher than 80% loan-to-cost, and 70-75% of Loan-to-ARVBorrower is putting some skin in the game:Borrower’s equity is not just them buying the property at a discountBorrower is committing at least 10% (preferably 20%) of project cost in cash from their own personal accumulationTimeline is as tight as possible:Cosmetic Flip is less than 3-5 monthsMajor Rehab is less than 1 yearScrape and Rebuild is less than 18 monthsLonger timelines = more conservative Debt to Equity

Trying to procure any intel from our US Government is a debacle for sure! 

Navigating procurement has taught me the art and science of negotiation.

It enables me to see emails posted by whole-sellers, vendors, and see off market deals here locally.