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19 September 2016 | 32 replies
Or, is it a reputable GC who is looking for a steady supply of projects and looking to partner with an out of town investor?
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14 September 2016 | 0 replies
Data Points:101 Latham Place, CharlottePurchase price - $116,000Buy Side Closing Costs - $5000Total Rehab Cost Budget - $100,000Total Financed Amount (purchase + construction costs) - $190,000Estimated time to Rehab: 5 Months (based on conversations with multiple GC's and Architect)HML Cost to Borrow Interest - 10,000 (12% rate on 190,000 borrowed across 5 months)HML Cost to Borrow Points - $7,000 (3.5% on 190,000)ARV - $310,000Exit Closing Costs - $3,500Staging Company to Sell - $3,000Holding Costs (utilities, taxes, insurance) - 2,750The Total Rehab Costs is based on what I believe to be a reputable GC who has experience flipping in this neighborhood.
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15 September 2016 | 12 replies
When I think of reputable / national real estate companies most of them do better by diversifying geographically and taking the leap.
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15 September 2016 | 5 replies
Yes, I have an LLC property management company that manages my properties and I do have a web site for it with information on the company, as well as, information on all of the properties it manages.
19 September 2016 | 14 replies
He is very low key and has little foot print n the web what is there looks good but I am concerned at just how little there is.
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16 September 2016 | 6 replies
And you'll appreciate not getting sued (as often) and having your reputation tarnished by doing bad deals.Having your license is a good idea for one major reason: not getting investigated for unlicensed broker activity.
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18 September 2016 | 9 replies
He is reputable and very active rehabber and wholesaler in the area.
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24 September 2016 | 81 replies
He then proceeded to laugh that his partner was his cat.People like @Karen Rittenhouse and @Shawn Holsapple - both wholesalers who have been featured on the Podcast (Karen Episode 2 and Shawn Episode 136) - always close on properties they get under contract, even if they can't find a buyer.And yes, they've been doing this a while, have built up a reputation, and have funds available to make it happen.John's disdain for the wholesale concept is due to his experiences with people who aren't forthcoming and honest with the sellers.
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16 September 2016 | 2 replies
A quick call or web search might find the answer.
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14 October 2016 | 9 replies
If you don't know what I am talking about, search the web for "Atlanta REIA" or "Conyers REIA" and you should see some local chapters.