Account Closed
How do I have a hard money loan cover my rehab down payment?
I am looking to fix and flip my first property in a few months and have been looking at using a hard money lender (HML). For rough numbers I am aiming at 150K for the property and 50K for rehab. With this in mind, I h...
Brandon Galloway
Builder “Materials Escalation Clause”
Question for Realtors or anyone who has recently bought a home in this market. Have your clients been stung by an escalation clause? I am looking to go under contract with a Pacesetter home soon and was advised there’...
Bryan Hancock
Ranking Your Small Regional Lender - Help To Come Up With Scoring!
Our guidance line relationships have grown of late to the point where we have put together a draft ranking mechanism for our "horses" in an attempt to get the most favorable terms from our lenders. Special thanks to ...
Ross K.
Critique my Rehab SOW
First, sorry for the long post! I have my first rehab project under contract and having just finished up the @JScott books on this topic, I've used his strategy as a starting point. I've built the below SOW and ...
Rick Turman
Four Square Method of Analyzing Rental Properties
Good morning BP family!So I decided to make my own spin on Brandon Turner's Four Square Method of Analyzing Rental Properties by incorporating it into a "FILL IN THE BLANK" template. With this being said, I've share...
Jeff Botheroyd
Form of entity ?
Looking to get funding for our first deal.We've heard about Lima Capitol at the beginning of podcast #167. What we want to do is get the pre-approval out of the way first so we can look at and make an offer on a renta...
James Canavan
Future of Real estate agents
I got into a heated debate with a close friend on where we see the real estate agent in the next 10-20 years. It started as a question from my friend, " would you encourage your daughter to get into real estate when s...
Nicole Grenier
Remodeling a Kitchen
Hi All,I am remodeling a kitchen in a 2 family house I just bought. I am upgrading the full unit to be more modern and have an open concept. The house is in West Hartford CT, a very nice area where a lot of professio...
Mehran K.
Advice/Things to avoid in Property Management Contracts?
Hi everyone,
I am reviewing a property management contract for the PM company that works with a turnkey provider I'm thinking of doing business with for a property in Indianapolis.
1. First month's rent, not to e...
Naveen Kumar
Cashflow analysis stumping me
I have been crunching numbers on a lot of properties and so-called-deals and not sure if I am missing something, or just not seeing it.Purchase Price - 100,000Loan Amount - 80,000 (@5%, 30-yr fixed conventional)Rents ...