The structure they use and high operating costs leads to a (churn and burn) approach.

When you work at a firm with low splits and sharing with other agents you have to (churn and burn) closings as fast as you can.

., Excel ability, was a Math major in school)Developing efficient, scalable business processes and getting creative with incentive alignment to ensure everyone is working toward the same goalA deep belief that conscientiousness, integrity, and a genuine interest in and appreciation for everyone's personal goals is the only way to have a team firing on all cylindersImmediate Next Steps: Find a lender to get pre-approvedTake a drive around the area with an expert to learn the ins & outs, and begin churn through deal analysis in the neighborhoods most applicable to meAssemble a team so I can move quickly when the right deal presents itselfI’d be thrilled to receive any help or guidance with regards to the above next steps, or just meet anyone active in the area!

Finally, the powers that be are actually doing something to help us churn through all this distressed inventory.

From other HML's I have talked to ( I don't do rehabs myself ) they focus a bunch these days on credit and capital for the buyer.They want to be able to dump you off quickly after rehab if you can't sell for a flip into a refi program so that you don't default and they can churn the money.When the rehab and loan costs start adding up and the potential margins upon resale goes down the investor starts to give up mentally for expected returns and slows down.I am wondering what is the average number of defaults for a hard money lender making loans??

There are sellers out there that just try to keep the home in perpetual short sale mode and keep churning contracts.

In many, hedge funds came thru and sucked up an enormous amount of inventory in the past 24-30 months.I think one thing that has exacerbated the low inventory issue is that all the REI gurus have spun back up and they're churning out tons of new "wholesalers" that are out there fighting the veterans for leads/deals.

My ideal situation would be to either save up to 50k-60k or enough to do a BRRRR all by myself, and then churn out 4 or so properties a year by re-using the same chunk of money over and over, pulling it back out at the refinance each time.

He has drafted a spreadsheet that analyzes various relevant factors in determining equity and I dealt with churning out the Operating Agreement for the partnership.

We don't want a lot of churn, but if you're not proficient in the online market place, you might pay a hefty price in loss rent.