
9 January 2019 | 14 replies
Flexibility, UW speed, commercial bankers also cross pollinate other investors.. possible syndications.

8 January 2019 | 11 replies
Honestly, it would potentially speed up the process as your entity docs, credit, and title agents would be all processing together.

8 January 2019 | 10 replies
We've hired an engineer a few years ago to value various components in our buildings to speed up depreciation.

8 January 2019 | 0 replies
Hello again biggerpockets im going to start out using a HELOC from my old man’s house he will be having around a 200k heloc pretty soon and i will flip my first home some time late january or early February using a 100k or less of that helocI have recently made an amazing encounter with a broker that is in charged of selling off a local credit unions foreclosures and i have to say even with my inexperience’s in flips there is money to be made in my local market Currently looking at a property that is foreclosed on might go for 55k or 60k bank hasnt approved a price yet took a contractor that i trust and another one i never dealt with and around a similar bids 25k-35k repairs needed1950’s home has been updated electrical wise plumbing still not sure will get inspected and foundation is sound on slabNeeds roof redoneKitchen1 full Restroom1/2 restroomDriveway workDetached Garage work (door and cement work)Redo kitchen cielingRedo living room cielingMove electrical outletsRedo floor or overlay with laminate (ugly old tile)New paint in and out(ultimately on what i choose material wise prefabbed or custom) a recent house 3 houses down the same road was recently flipped and sold for 140k is sightly larger 1280 sqft vs 1080sqft (one im looking to buy) the realtor i deal with works for this broker as well and comps match the area for what the house sold and ultimately said if i fix n flip this property i should see minimum 125k selling price high of 145k (market is hot at the moment) Given i should over estimate the rehab 35k rehab 55k purchaseAll in at 90k Sales at minimum 125kPotential profit 35k minus holding cost expenses and commission to realtor should be arund 27.5k profit If this works out i would repeat and do more flips jn the future to build up enough cash (really want to build up 500k cash not counting HELOC) to were i can do multiple flips at a time and keeping 1 free and clear to have a high cash flowing sfr rentals sooner then just 200$ a month per door really want to have 800$ a month cash flowing properties I know alot of people like over leveraging and using OPM’s but this is my realistic niche i can accomplish especially in the hot market im currently inI run a restaurant as my full time “job” but can definitely get out and manage my contractor and have worked with him in the past, for sure one i get the hang of flipping ill probably stick a manager in my place and go full time flipping myself if it goes smoothly (never does i know)Would this method be worth while to build up cash fastest way without leveraging and using OPM’s for now with SFR’s and flipsGo easy on me i been reading alot of books and listening to podcasts daily and get the lingo of the real estate investing world and alot of different ideas from what other people have done in the past to be successful Like episode 121 from bp real estate podcasts those guys are my age and killing in their 20’s yes all hands on but they going strong for sure(Sorry long read)

16 August 2018 | 4 replies
The amount of work you put in is directly correlated to the speed and quality of your results!
26 August 2018 | 37 replies
They were on the same block, not 5.5 miles away.I ran into this issue in Texas on all the flips I did there .. the appraisers were not up to speed with the market.. and at that price point almost all the buyers are FHA ..

26 August 2018 | 4 replies
Auctions on the other hand can be higher risk but the speed and certainty are nice.

4 September 2018 | 54 replies
Take pictures and show to Magistrate and maybe they can try and speed things up.

27 August 2018 | 3 replies
Such as, what is driving the economic growth - which businesses are moving to town, where are apts being build within the market, which part of town is growing the fastest.

29 August 2018 | 152 replies
IF you are serious about RE this is the fastest and lowest risk way to get going.Forget about someone posting here how you can get a 100% loan and buy houses without any money at all.