Lashon Ene
Since Banks wont lend for distressed properties/using Leverage?
Hi everyone,I have a question that came to my mind today. I recently purchased my first property (from a wholesaler) and plan to fix and rent then Cash out refi. I was always told that it is better to use someone else...
John Gillick
Typical profit split for JV financing?
Scenario 1:Party one: experienced flipper doing 100% of the work (not actual labor, just selection, management, etc.)Party two: providing 100% of the money.What's the "typical" profit split?Scenario 2:Party one: exper...
Uneeq Khan
Getting quotes on rehab
Newbie here. Any tips on getting quotes from contractors on rehab? I've sent out photos and scope of work to contractors to get quotes but I get no response back once I send it. I don't have the option of taking every...
Nathan Smith
Suggestions on Partnership split with contractor on fix/flips
I have a contractor that would like to partner with me on a few flips. I would be the money guy and he would handle all the renovations (manage subs, etc)
What would be a good split?
Taylor Green
How much should borrowers track record matter when private lending?
Hi,
I was interested to see how much a borrowers track record should matter when you are thinking about lending on one of their properties.
If a borrower seems trustworthy and has a long, flawless track...
Andrew Lake
Getting Educated on Rehabs
I’ve made a few offers on multiunit properties in Chicago that I would be house hacking but haven’t had any luck on getting an offer accepted yet. With my current financing, finding deals that work for me in areas I’d...
Sean Stone
My First Real Estate Investment
Investment Info:
Condo buy & hold investment.
Purchase price: $272,000
Cash invested: $35,000
I am currently remodeling this condo while living in it. After the remodel the plan is to turn the pr...
Jennifer Dyer
Early Pandemic Flip in Covington KY
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $47,500
Cash invested: $75,000
Sale price: $195,000
Flipped in 6 months. Purchased July 2020 for $47.5K, closed...
Kristi Harmon
What are the common general contractor fees in Utah?
I'm trying to hire a general contractor for my renovation loan project, which is a small project (installing carpets, appliances, water heater, light fixtures and bath fixtures and few extra small items). One of the c...
Jennifer Roof
Marbern Dr. Hagerstown, MD
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $95,000
Cash invested: $30,000
Sale price: $173,000
Before moving in we had to remediate some mold in the basem...