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19 November 2024 | 4 replies
You can then GC the project yourself and let them help be eyes and ears and offer you the speed to get the projects done on time.As for financing, I had great success using a commercial loan product with a small community bank.
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18 November 2024 | 11 replies
If you are looking in Austin around 200-250K you will likely have a massive rehab budget which typically makes cash flowing a BRRRR rare.
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21 November 2024 | 14 replies
Most hard money lenders require a credit score of 600+, but I’d recommend working on building your credit before taking on a fix-and-flip project.
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18 November 2024 | 11 replies
Accept whoever applies" is an idea that would cost you a bucket of money in the long run.Bankruptcy is usually a "no" unless it appears to be a one-time event caused by something out of their control such as a massive medical bill or a business failure.
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20 November 2024 | 0 replies
In a dream world - the comprehensive solution does all this: *task management and sequencing where you can drop a property into a sequence ie day 1 call, day 2 mailer (have it automatically mail out something like a postcard) day 3 etc etc etc*project management outside of the outreach sequences for what's next in the process ie schedule inspection, send the contract, etc etc*ability to have multiple users drive around and if you see a property you can tag an address and add it into a marketing sequence, and also track the streets you've hit so you're not wasting time driving by the same houses more than once *dialer (ability to parallel dial numerous numbers simultaneously to make cold calling more efficient - Ive used tools like orum and kixie in other industries, and when you receive a pickup, the other calls are dropped) *skip tracing/data provider *website landing page for converting online visitors to leads*electronic signature/docusign*secondary branded landing site on different URL for blasts for deal disposition to your buyer listWhat am I missing?
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19 November 2024 | 24 replies
Property Taxes on a past project in Decatur GA went from $1500 a year to $8,000.
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20 November 2024 | 10 replies
Do you have any experience with rehab project over the last 10 Years?
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14 November 2024 | 6 replies
A massive renovation in your first deal isn’t always the best option because you’re learning and building your team and developing connections.
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14 November 2024 | 13 replies
Baltimore City has a massive vacant housing crisis (no surprise there!).
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21 November 2024 | 4 replies
Do you ever change your mind mid-project?