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21 July 2024 | 16 replies
And of course a great BRRR lender who can fund on time every time. in my business I only work with experienced BRRR folks and as such I become a capital partner and allow them to scale with very minimum amount of capital and they dont make monthly payments. this is huge its the up front costs that usually hold folks back from scaling. so if they find someone like me then they can 10X what they are doing..
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20 July 2024 | 4 replies
Hi Ian,The best way to get this done is to refinance into a hard money rehab/construction loan.Not sure how much equity you have in the house but the ratio would be as following.75-80% * (Value of home+Cost of build/rehab) = Total Loan AmountWe would payoff the initial note (+ closing costs if loan amount exceeds construction budget & payoff), the rest would be in an escrow account for you to draw from as you complete your project.I would love to connect and discuss further on the details of this scenario!
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20 July 2024 | 5 replies
Also, most of the stuff your list is low cost which is great, but once you start getting the deals and paying yourself back on the direct mail, double and triple those actions too (of course when you to a place financially that you can do that effectively).
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20 July 2024 | 10 replies
In addition I have yet to encounter a seller cost of value add being as high as my conservative cost Projection for the value add.
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20 July 2024 | 6 replies
They're offering the full asking price with a $1k escrow deposit, and they're also requesting $10k for closing costs.
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20 July 2024 | 13 replies
AI can do driving for dollars and it's 102.3X - 300X more efficient than manually or virtually driving for dollars... follow the math below:The major difference between manually (or virtually) driving for dollars, and using AI, is the efficiency and cost savings.
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18 July 2024 | 1 reply
I'm hoping we can find someone with a similar set up here.
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21 July 2024 | 9 replies
And then I'm keeping the smaller ones and doing some bigger ones (3bedroom 2,000 to 2,400 sq ft) that will remain as holds.Keep in mind that as a builder my cost basis is better than people paying retail.
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20 July 2024 | 4 replies
Any options, especially green ones, on construction cost savings.