All Forum Posts by: Brendan H.

@Todd Lennig. Hi Todd! Where do your wholesale clients do most there work? I am looking to connect with wholesaler’s in Tacoma, WA.

Hi @Kurran Keating!  Are you still in the wholesale game in Tacoma?  I am interested in connecting with wholesalers in the area.  I recently moved from the PNW to Denver, but I am still investing in Tacoma.  Finishing up another rehab shortly and looking to scale my deal flow.  Hope you're well!  

@Tyler Xiong. Yes, you should be able to have a parent/guardian co-sign. If a minor signs a contract then it is technically “voidable.” You as the minor could claim you weren’t of age, do you could back out of it, even after the fact. So most people would likely not enter into an agreement until you are 18, unless you have a co-signer. I also recommend checking with an attorney. :)

Best of luck to both of you! Definitely impressive getting started in the game this early!

@Dylan Pino. Disregard. Think I found it. https://www.theautomatedrei.com

@Dylan Pino. Do you have a link?

@Debbie LaRue Do you already own the vacant lot? If so, I'd recommend looking into a construction to perm loan. You may have to call 20 lenders to find a decent rate & LTV but it's worth it. Some will let you do a one-time close, so you don't have to go through another closing once the construction is complete. The loan will be interest only during the build phase, and you'll only pay interest on the cumulative amount after each draw.

Another great thing about owning the lot, is you will be able to use it as collateral for the down payment for the construction loan.

If you don’t already own the lot, you may need up to 50% down to purchase the lot (if financing). Then, depending upon the value of the lot, you may or may not need more money down to procure the construction loan.

Excited to see how it plays out for you.

Good luck!

@Tim S. are those Cali prices or T-Town? $450/sq ft seems excessive. We are looking at building again near the gulf coast in Florida and still getting quotes for $200/sq ft for a basic 2-story 1700sq ft home.

Have not built new in Tacoma yet, only doing remodels there. Definitely interested to hear more about build estimates.

Any luck finding wholesalers @Aaron Andersen?  How is your search coming along?  I agree, you definitely need to have a good grip on your numbers as the large remodels can add up.  We are about halfway through a complete remodel in East Tacoma.  Definitely looking to connect with more Wholesalers!  

Hi @Joey Kopp!  Are you still active here on BP?  I am interested in meeting wholesalers to get some boots on the ground in the Tacoma area.  I live out of state now, but am still invested in T-town.  Sounds like your mentor had a good little system started there.  Curious how things are going for y'all.  Hope you're well! 

@David Hooper Awesome, talk soon, David!