Matthew Kirkwold
Telling Tenants You're the Property Manager
12 December 2021 | 50 replies
Then at Christmas they give the tenant a $25 gift card and think the tenant will want to be their best friend.
Kaleb Hayslett
New Investor interested in getting started
14 October 2021 | 3 replies
If anyone can share helpful tips or things to watch out for that would be awesome!
Gabby Adrian
💡Tips for Success with A Private Money Lender!
21 October 2021 | 1 reply
So, Here are My Top Tips for Fix n Flippers When it Comes to Rehab Below:- PLAN YOUR SCOPE OF WORK AND REHAB BUDGET WITH DETAIL- FORECAST PROJECTED BUDGET AS ACCURATE AS POSSIBLE- USE A REHAB BUDGET TEMPLATE PROVIDED BY THE LENDER RATHER THAN MAKING IT SO YOU DON'T FORGET ANYTHING- HAVE 25% OF YOUR REHAB BUDGET AVAILABLE IN LIQUID FUNDS - DRAW OR DESIGN SKETCHES OF BEFORE AND AFTER REHAB -- ASK YOUR LENDER FOR HELP IF YOU NEED :)- ASK YOUR LENDER IF THEY OPERATE ON A DRAW PROCESS OR NOT- ASK YOUR LENDER IF THEY CHARGE INTEREST ON UNDRAWN FUNDS- ALWAYS OVERESTIMATE YOUR REHAB BID -- EASIER TO GET REIMBURSED RATHER THAN ASKING FOR MOER FUNDS (KEEP IN MIND YOUR RESERVES THOUGH WITH A HIGHER REHAB AMNT)What are some of your best practices when it comes to working with a Lender as a Fix n Flipper?
Jacky Fan
Refinance on single family house with MIL unit
24 October 2021 | 7 replies
Thanks Guys for the awesome tips shared.
Elijah Friedeman
First investment: Buy and hold or flip?
15 October 2021 | 9 replies
Thanks for the Trustmark tip!
Gabby Adrian
💡Fix n Flippers Tips for Success with A Private Money Lender!
3 November 2021 | 3 replies
So, Here are My Top Tips for Fix n Flippers When it Comes to Rehab Below:- PLAN YOUR SCOPE OF WORK AND REHAB BUDGET WITH DETAIL- FORECAST PROJECTED BUDGET AS ACCURATE AS POSSIBLE- USE A REHAB BUDGET TEMPLATE PROVIDED BY THE LENDER RATHER THAN MAKING IT SO YOU DON'T FORGET ANYTHING- HAVE 25% OF YOUR REHAB BUDGET AVAILABLE IN LIQUID FUNDS - DRAW OR DESIGN SKETCHES OF BEFORE AND AFTER REHAB -- ASK YOUR LENDER FOR HELP IF YOU NEED :)- ASK YOUR LENDER IF THEY OPERATE ON A DRAW PROCESS OR NOT- ASK YOUR LENDER IF THEY CHARGE INTEREST ON UNDRAWN FUNDS- ALWAYS OVERESTIMATE YOUR REHAB BID -- EASIER TO GET REIMBURSED RATHER THAN ASKING FOR MOER FUNDS (KEEP IN MIND YOUR RESERVES THOUGH WITH A HIGHER REHAB AMNT)What are some of your best practices when it comes to working with a Lender as a Fix n Flipper?
Megan B Schweitzer
First financial loan and down payment.
16 October 2021 | 4 replies
Remember that tip about driving and walking neighborhoods?
E.S. Burrell
Tenant asking for an application on another property
16 October 2021 | 19 replies
,Take his app, if he qualifies and wants it let him move.He might want a better location (for him) a bigger place (plans on getting married), better neighbors, closer to the Bowling Alley, less morning traffic on the way to the freeway, his dream neighborhood--who knows.Then turn his existing unit and put someone it it at market rent--if it will hold market rent with good renter.Pro Tip: On the way out, ask him Why he decided to move.Maybe the new place has a tree that's just right to hang dead deer from while he processes them--who knows (???)