All Forum Posts by: Carlo D.

@Carlo D. I dsiagree "Real Estate Attorney" is a broad category. A transaction/title attorney is very diferent from a foreclosure attorney, landord tenant attorney or business structure attorney. All of these might be considered a Rel estate Atorney".

Most GOOD title companies can handle this. I suggest you look for the title companies who handle the loans for local hard money lenders. Network with local investors to find who that might be. Search for REIA or Meetup groups in your area.

Hi Carlo,

In each of my locations (FL, IN & CO), it was slightly different...in Indiana, where I'm originally from, I asked friends and family for their suggestions on plumbers, painters, handyman, etc. In Florida, I have an amazing neighborhood with wonderful neighbors. I met the neighbors by door knocking and introducing myself when I was in town. I built good friendships and they are a resource for who to call for each activity. For Colorado, where I live and work as an RE agent, I joined the local chamber and started a networking group. Through those channels, I connected with each industry for my rentals in the area. 

I usually look at Google reviews before calling. If they are positive, I'll call and if they don't answer, my vetting is strongly based on time to call me back. I usually will say who referred me to them and say that they are a friend, neighbor, family, etc and will then ask what their lead times usually are for work to be completed, how they communicate, are they comfortable working with me being out of state, how do they collect payment (terms and preferred method) and do they offer a business rate?

Happy networking and best of luck!

~ Lindsey

@Carlo D.

Your real estate attorney should be able to do it. I would, of course, ask them if they have done it before.

@Carlo D. That's great and he sounds like a great partner. 

The big reason you don't want money trapped for long periods of time is risk. Get in, remodel the property, and get out as fast as possible. Doesn't matter if it's flip or BRRRR. The longer you're in a deal the less opportunities you have for the next one. It also increases the chances of something going wrong like the economy going sideways, emergency repairs (need cash asap), or the FED increasing rates. You avoid risk with shorter terms and faster remodels.

You can cash-out refinance with some DSCR lenders in about 90 days. Lots of lenders in the forums offering there services.

FCI and BSI are good ones 

you want to stick to 6-24 month terms