This is primarily addressed to the newbie. I welcome further input from other experienced professionals.
It can be a great way to turn a quick profit- you buy a house at below-market value, you put some work into bringing it up to market value, you sell it, you put cash in your pocket. Simple, right?
Yes. Deceptively so.
Rehabbing and flipping SFR's can be very profitable, indeed. It can also be fraught with danger. So, here's a nickel's worth of free advice…Continue
Added by Don Green on October 2, 2014 at 8:24am — No Comments
We are now able to offer financing for 100% of the purchase price as well as 100% of the rehab costs for your fix and flip acquisitions up to 65%ARV!
6-month or 12-month terms.
(Currently available in New York, Pennsylvania, New Jersey, Connecticut, Delaware, Maryland, Virginia, North Carolina and South Carolina.)
Please contact me by phone or email for details.
Description: This is a term loan that works similar to a line of credit. Applying is easy and you'll be notified of how much you qualify for right away. After that, you can use as much of or as little of the amount you're qualified for as you like. The difference between what you are approved for and your loan balance is available to you any time you need it.
Loan Amount: Loan amounts go up to $100,000 and the funds are made available immediately.
Rates: The cost of the loan is…
I’m an investor.
I don’t invest money. I invest time, effort and the value of my connections to funding sources.
During a slow week I will see a dozen or more business plans, executive summaries and funding requests. And just like contestants on a reality show, very few will make it to the next round. Only the best will be presented to a lender, investor, venture capitalist or potential JV partner. (For the sake of simplicity I will simply say “lender” or…Continue
I talk with fix & flip professionals, business owners and real estate investors every day. They all have goals that require funding of some sort. It is very infrequent for them to come to me with their ducks already in a row. That's fine; I can work with them to get them there, but I'm often surprised that they're surprised at what will be needed to fund their deal.
So, in the interest of a more educated and successful borrower, here's what's up:
Added by Don Green on September 4, 2014 at 9:01am — No Comments
One of my all-time favorite books is “The Greatest Salesman in the World” by Og Mandino. (If you haven’t read it, stop reading this post right now and run out and get a copy. Actually, buy every Og Mandino book you can get your hands on. No, I don’t get a cut!)
The book is particularly valuable, because it has little to do, really, with “Sales” as a profession. Rather, it’s a primer on how to…Continue
Added by Don Green on August 20, 2014 at 12:36pm — No Comments
Added by Don Green on August 13, 2014 at 2:00pm — No Comments
I really appreciated Admin’s recent post about people pretending to be what they’re not. “If you’re a broker, say you’re a broker!” I believe he said. I agree, but at same time my thought was: “Um, I’m proud to call myself a broker,” and I’ll tell you why:
Direct vs Indirect (Broker)
Part of the confusion comes from…Continue