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All Forum Posts by: Jason Miller

Jason Miller has started 12 posts and replied 179 times.

Post: Hard Money- What Do You Pay?

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74
Originally posted by Ted Akers:
I do not lend hard money but come across a handful of them in the business. It seems here in Denver that 15% and 4-5 pts has become a bit more standard, but also for 6-9 month deals. 10 pts. seems a bit high, but it is hard to find two year hard money and I suspect different markets will vary drastically. Many have not survived the last two years and those left playing are more careful and expensive. Check out your local REIA. You might find a better deal. Also George Bloom and Joel Sorfenko on here are hard money brokers.


Ted has a lot more insight into Denver then I do, but I have found similar 15% and 3-4 points. There is one lender for both AZ and CO that lends 75-85% of purchase and repair at 12% and 1.5 points. But they do require "skin" in the game.

Post: Follower Posts

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74

Thank you for the reply. You did answer my question. I couldn't find a way to look at all the posts, and thought maybe I was missing something. I won't even begin to request something that would be that complicated. It was merely a convenience thing to satisfy my lazy side.

Again, I appreciate the reply and the heads up on how to check posts from each user.

Post: Follower Posts

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74

I have 7 people I am following on this board. I read everything they post. Currently I am clicking on their name individually to find their recent posts on their profile.

Is there a way to have all the posts from folks I am following come up on one page?

Post: Making Offers on REOs

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74

I want to thank everyone involved in this discussion for their input. I have learned a great deal in the short time reading this.

How many offers are you guys submitting an avg before one is excepted?

Post: DB Short Sale Fraud Article Written by an Agent

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74

What scares me is how quickly some of the Realtors are ready to follow the OP blindly.

I think if I start a cult, I will go to that board to recruit first.

Post: Getting a Realtor on Your Team w/ Short Sales

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74

Nick, Thanks for taking the time to get these going. The third one works fine now. I actually benefited from the fact the Realtor had some questions and was confused. You showed how to answer his questions and keep him on topic.

Post: Getting a Realtor on Your Team w/ Short Sales

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74

Its still showing up private for me.

Post: Getting a Realtor on Your Team w/ Short Sales

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74

Thanks for uploading these videos. Is anyone else running into the third video coming up as private?

Post: First Subject to

Jason MillerPosted
  • Investor
  • Aurora, CO
  • Posts 200
  • Votes 74

I am assuming that the payments include taxes and insurance? If you rent the property, your insurance will be slightly higher.

Do you plan on managing the rental yourself? If you do, the numbers work out break even at best. Many folks use a rule of thumb of 25-45% of rent for expenses which includes taxes, insurance, maintenance, pm fee, vacancy, hoa and utilities while vacant.

I work with straight numbers.
1 month vacancy ~8% $892 + utilities
pm fee 8% ~ $100/mo
$2500/yr maintenance for a property that size ~15-20% ~$200/mo (some will say lower, I am conservative incase of a bad tenant, or major issue. )
etc etc.