Hi there! I have done 3 live-in flips in my local market but am currently on the hunt to do my first "professional" flip. I'm wondering if anyone can advise me the benefits of using a hard money lender versus conventi...
Hello,I have a contractor that is requesting 50% of what he quoted the job up front. It isn’t a super large sum of money, but I’m curious on what type of things I should do/look for to protect myself. As of now all I ...
Hi In BRRRR, you make two loans : Short-term Rehab loan upon purchase and long term regular loan at the end of rehab. For each of the loans, the closing costs comes to about 10 - 15% of the loan amount. So I end u...
What's the going rate in hiring a General contractor to rehab a 1450 sq ft house? A flat fee or a percent? I need all the help I can get on this one. Thanks in advance.
When using the BRRRR calculator, is it best practice to include prepaid homeowners insurance and prepaid property taxes paid at closing in the 'Purchase Closing Cost' section? For example, when using conventional fin...
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Hi all, just interested in getting feedback on a deal I'm looking at. I used what I...
Just got my first deal. Now we are ready to renovate. Is it customary to pay contractors anything up front? Most bids came in asking for 50% up front and 50% upon completion.
I am fairly new to the world of real estate and I am still trying to learn the basics on how to start a house flip! How do you go about paying a contractor? If I do a rehab of $30,000 does the contractor take a percen...
I was looking around at some properties here in Seattle, WA and once I've narrowed down my search to a dozen or so MFH properties that looked interesting, I decided to get nerdy with some numbers and calculate potenti...
There are several methods of screening applications at scale and avoiding the time-wasters. One of them is charging an application fee. While this can serve to filter out some non-serious applicants, it can also pre...