All Forum Posts by: Brett Tvenge

What's the current, average Hard Money Loan interest rate in Phoenix?  

I'm preparing for my first full rehab on my rental property.  I've been looking for a General Contractor and all are booked at least 8 weeks out.  I don't want my property to sit vacant longer than it has to.  To avoid delays, I thought about attempting to be the GC until one becomes available and sub out as much work as possible. 

I'm curious what order I should schedule the work to be completed (e.g. painting, drywall, flooring, cabinets, lighting, mechanicals, plumbing, etc.)?  Some work I wanted to complete until the tenants move out in May, such as exterior painting, concrete repair, fencing and landscaping.  However, the inside is more complicated because I don't want new flooring or paint to get ruined during other stages of the rehab.  Also, the tenant was a smoker for 15 years so I want to focus on removing the smell before brining new items into the house (any tips on this is appreciated).

Maybe I'm biting off more than I can chew, but I would like to accomplish as much as possible on my own in the first 8 weeks.

Thank you in advance for any feedback.
 

If I’m wanting to fix and flip what is the best way to go about finding a great deal and making sure I don’t lose any money and what’s usually a good amount of profit that people look for in a fix and flip? Thinking about doing 1 this year for more experience in this field and just extra cash as well. But want to do it the right way.

First time posting, following BP for a while now. I moved to Phoenix from Toronto last month and took over a six month lease that ends at the end of July and hoping to purchase a place by then. I am looking for a real estate agent that can help familiarize me with the cities in the Phoenix area as well as the different neighborhoods within. Right now I am looking for a townhome or condo that I can hopefully househack. 

How difficult would it be to resell the condo when I am ready to move on? It seems like they tend to sit on the market for a while compared to townhomes and SF. Would you pick one over the other even if both have HOA fees?

My lending options are also limited as I am just starting to build a US credit history and right now only have two banks willing to lend to me (both Canadian banks with operations in AZ that use my Canadian credit history). If anyone is aware of any US lenders that are able to approve based on a Canadian credit history please let me know. 

Great work!

When buying a flip/BRRRR with hard money do you typically use an agent? Do they get paid out by the seller or you?