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7 February 2020 | 11 replies
I know my numbers, have the subs and the knowledge of the local labor market along with the remaining manpower from our contracting company in addition to my skilled labor daily working on the flip and managing the project.With the knowledge that I would be looking to raise roughly 75k and having 5-8k in the game ourselves for a 6-8 month flip from close to close, what would be fair rates either interest wise or even equity wise from a private investor(s) IF we are also willing to back the investment with a free and clear, cash flowing property as additional collateral to effectively de-risk the investment to almost 0 for the investor.
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2 February 2020 | 1 reply
Lenders will be local commercial banks and you will need to talk several of them as they all have different appetites rates and terms.Land development is a risky process that requires very specific expertise and skills that as well as deep pockets.
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18 February 2020 | 9 replies
Essentially, we are not trying to make all our money on our first deal, but we are trying to develop the skills needed to make great profit on our 2nd, 3rd, 4thdeals.This deal is a Single-Family Home (SFH)Brick ranch3 beds1.5 baths1150 Sq Ft.In a B- neighborhood.Some numbers to start with:List Price - $99,000Purchase Price – $88,500ARV – $115,000 to $120,000Estimated Rehab Cost – 15kRental Rates – $1000-$1200Rentometer Pro say average rent is $1125 for this address.
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3 February 2020 | 6 replies
Do what works for you and your skill set.
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4 February 2020 | 3 replies
@Leonard Wade McMillan Do you have the time, hustle and skills to BRRRR?
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3 February 2020 | 2 replies
Use the time you'll need to get the money together to learn about personal finance, trim your budget, and start learning basic renovation skills, including what you need to do for your bathroom and your kitchen so that whoever you hire to do it doesn't rip you off.
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8 February 2020 | 23 replies
Most people are not skilled enough to pick a good property manager, in my opinion, and will only realize they have a bad PM when it's too late to matter.
10 June 2020 | 8 replies
Although this past summer I partnered with some people including a neighbor of mine who is an AL admin, to offer $3.5M on an actual skilled nursing/AL center, we didn't win the bid though.
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8 February 2020 | 2 replies
We will not use "handyman" services for any skilled trades anymore.
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17 February 2020 | 9 replies
I work as a site supervisor for a general contractor so I have a ton of skills/ contacts for subcontractors needed to complete the rehab process.