I can fund any flips or refinances you have

Flips:
- No experience required
- No minimum credit (select states)
- Can close in as quick as 3 days
- 90% LTC on flips, up to 100% but it’s too expensive imo

Ground up:
- No experience
- 85% LTC

Commercial:
- 75% LTC on any asset class in non judicial foreclosure states

DSCR:
- Soft credit pull options
- Up to 85% LTV on purchase

I'm not waiting on the Fed to drop rates to buy:

- Buying where the rent works today
- Underwriting at current and higher rates
- Going-off current rents, not the pro forma
- Slowing down on flipping

If it doesn't work now, I pass

Closed on a 5 unit portfolio last week

- 1 single family - $35k
- 2 duplexes - $65k each
- Only 3 tenants total, 1 of them is staying

Plan is to sell off the single family immediately, rehab the 3 vacant duplex units

About $20k in rehab total on the duplex’s. Rents will be about $750 per unit

We have to have a tenant move out of a property we just bought because they have a pitbull

Nice lady and the dog seems nice, we want her to stay but can’t take the risk

We even tried finding insurance to cover us, but we couldn’t

I can’t risk losing our property over someone’s dog

DSCR cash out refi quick breakdown:

- Qualifies off the rent, not your W2
- 75% LTV gets you the better rate
- 80% LTV usually costs 1.5%+ more in rate
- 5 or 3 year prepay
- 660 min credit

30 yr rates dipped last week, but they’re still not great

Shoot me a DM

This is my second time having a tenant trash one of my rentals

We had our inspections, and they were dirtier people, but they didn’t have it trashed like this when we were in there

Some people literally live like animals, it’s unreal

Close on 5 units this week

SF and 2 Duplexes

Seller was supposed to issue 30 day notices to tenants

Lied to me and said they issued them now all of the tenants are in shock he sold the property

I was planning on giving them more time to move, but the 30 day notice at least notifies the tenants the owner is selling and they need to move out eventually

Puts me and the tenants in a tough spot, super annoying

There was only 3 tenants total and 2 of them are probably staying now which is good

Deal I'm under contract on right now:

Purchase: $42,000
Rehab: $2,000 (new gutters)
ARV: $70,000 on market
Rent: $850

Rental or flip it? I'm leaning rental, but curious what you'd do

Market is super slow for selling and you can’t beat the purchase to rent ratio

Funded a single family ground up in GA this week

Land cost: $80,000
Construction: $512,000
Loan: $503,000
ARV: $1,000,000

Borrower was just paying cash for everything, wanted to try out a hard money loan

They still have a good cash position, the loan allows for some cushion

Working a deal right know where the seller told me they have been getting postcards from me for 5 years

I think this is a new record for me

I’m getting more turnkey rental leads than normal right now

Deal 1:
- 2 bed 1 bath
- $42,000 Purchase
- $850 Market Rent
- $26/month taxes
- $50/month insurance

Deal 2:
- 2 bed 1 bath
- $75,000 purchase
- $1,100 Market Rent
- $96/month taxes
- $60/month insurance

If you're wanting to buy turnkey rentals in Ohio DM me your name and email. I can't buy them all unfortunately

For some reason I’m funding more ground up deals than normal

Got one closing today and another on the schedule for next week then 3 potentially in the pipe

Loan volume seems to have switch from mostly flips to ground up and DSCR

We’re looking at an industrial deal in the best industrial area in my market

The seller has an extremely successful manufacturing business and wants to sell to get capital to invest into his business

- 10 year lease, tenant pays for all repairs, we cover taxes and insurance

- $11,500 rent

- $900k PP

Seems like a solid deal so far

Talking to a seller about a 16 unit

They want me to pay based off of the pro forma not current rents

It’s pretty crazy how many sellers I talk to that want us to pay based off of “you could easily get more rent than what I’m changing”

I have a flip I need to sell ASAP, and it’s not moving, seller finance might get me out of it

Have a buyer that needs to sell their home first, so I’m actually considering a seller financing situation to buy both of us more time

Going to refi out of my current PML with a local PML at 12% I/0 at $137k, makes my payment about $1,300 a month

My proposal to the buyer:

- 1 year seller financed deal
- $225k purchase ($10k over list price)
- $10k down
- 8.5% interest only
- Payment about $1,500

Gives them time to sell their house, I get out of my loan and buy myself more time. Plus I can make $200 a month and I don’t lose money on the flip

What’s the proper way to dress when looking at a sellers house/property?

I always wear nice work clothes and my boots because I have no idea what I’m about to walk into

Shooting my first video for my local “we buy houses” brand

Just talking about my no BS approach to buying peoples homes

- You’ll most likely get more on the MLS than selling to me
- I’ll tell you how much it can probably bring on the MLS
- I give you my offer and you make the best decision for yourself

I’ve lost deals this way, but I’d rather have a great local reputation and be honest

Under contract on a solid rental or flip

Not sure what I’m going to do with it

$42k purchase basically rent ready for $850 a month

Could probably sell on the MLS for $80k with a little bit of work

Having a son has made me extremely motivated and focused to make money

While simultaneously making me want to not work and just spend time with my wife and son all day

Trying to build businesses that allow maximum schedule flexibility

We're currently getting mid term private money loans at 8% with no loan fees

Our theory is this:

-DSCR rates are higher right now either way
- We'd rather pay 8% to individuals we know vs big companies
- We're saving a few thousand dollars every loan because we are not paying fees
- We can refi into DSCR if rates drop
- Most of our loan amounts are smaller so DSCR lenders do not like them

Been working with a new lender that can handle large land purchases for people who subdivide and sell off to developers

Haven’t came across too many lenders that can do this

Shoot me a DM if you need funding for something like this!