All Forum Posts by: Bryan Devitt

@Joshua Mathews no real deal asks for cash up front for "doc fees" or "loan insurance"

@Eugene Ricks refinance! That HELOC interest rate will eat up a lot of gains

@Edward Bowlby you're going to need to do a LOT of flips to get most items in bulk. Your best bet is being a Home Depot pro. Above a small amount ($1000 or $1500 now) they send the pricing through the pro desk bid room which gives better discounts

@Oscar Moreno 40% is ridonkulous. When a client gets all their own materials I need enough to cover 1 week of pay up front and then I get a check at the end of eve6week to cover that week of pay. Don't pay me and my crew isn't there Monday and I used the deposit to pay them but I would NEVER ask for that much up front for any job that took longer than a week. It should be broken down into checks every week or two

Read my post above this one and then search these forums for BRRR or better yet, buy the book off this site that is all about BRRR. If you're serious about this path it is a cheap investment into your future earnings

No, it isn't a requirement, it is just one of the quickest ways. It is going to be difficult to get a conventional loan for something so cheap that you can fix and BRRR it because you'll be competing against cash buyers and sellers are more inclined to take less money for a guaranteed sale over someone who might not close the loan in the end

@Bruce Arellano if you want to BRRR it then you do private money so you can mortgage it the second it is rented. Otherwise you need to let the loan season (usually 6 months) before you can remortgage it

@Mike Cumbie if that is true for this situation, I would demand it back and then wait. If they suddenly want you to sign off, drag it out for exactly how many days they drag it out for.

@Julian Joseph so you want someone who is successful in the Airbnb space to tell you how to compete with them but you "don't mind buying lunch" as compensation for their endless knowledge? With a deal like that I am shocked everyone isn't jumping up and down for a Chik Fil A sandwich. I have a feeling your best bet is asking to intern for free or cheap for someone to learn what they know instead

Most people asking questions in this thread are not asking the right questions and you will never get a mentor, partner, etc until you know what questions to ask. If you're about to ask what the right questions are, it proves you don't even want to put in the effort to read these forums, so there is no reason for someone to go out of their way to teach you what they spent years or decades to learn. If anyone is actually serious about doing this for a job/career, you should be able to answer most of these questions already because you're ambitious enough to read and learn instead of expecting someone to hold your hand and pull you to the land of endless money while you sit in a high chair with a bib on