All Forum Posts by: Chad Rider

Sounds great Philip. Looking forward to hear how it turns out. Best of luck!

Are you only in TX Jon?

Happy to talk Gurjeet. Will you be in town anytime soon? Shoot me a PM.

To have your GC fully finance your first deal and take you under his wing is worth its weight in gold. That is terrific and wish you luck! I wish I knew someone like that! :) I'm probably not the best person to advise you on how to setup the financial side. I would just make sure that you think through and discuss all possible aspects. What if the rehab goes over budget? What if you can't rent it right away? If you were both funding 50/50 the natural assumption would be to just split the overages. But that's not the case so just make sure there is a clear understanding of how things will play out if things don't go as planned. Good luck and please let us know how it goes!

Hi Philip,

First, congrats in getting to your first deal! Still working on mine.

If he is 100% funding the project and doing the work (as the GC) what exactly are you bringing to the deal for a 50/50 split? Please don't take that the wrong way. I am not questioning the arrangement you have, I'm just trying to understand better the individual contributions. Did you find the house and get it under contract and bring it to him?

Taylor,

Congratulations on finding this resource and diving in. I'm also a new investor from Canton. Don't hesitate to reach out if I can help.

I would say no. They would both be worth $200K in terms of real market value/appraisal. The new HVAC may increase the home's appeal when compared to its neighbor and result is a faster sale, which, in itself may save you the $10K back. I agree with Brad, if it is a flip where speed to sale is important, it may be worth it. I am not an appraiser or a real estate agent, just my opinion.

Welcome Robert! You're in the right place. I'm in Canton and invest in the surrounding areas. Let me know if I can help in any way!

I wonder as well what the best method is to build a mailing list. Any insight would be appreciated.

Congrats on units 3 and 4!!

Thanks Debra and Jeff. I will look up Tom. Is there a particular wholesaler in the area that you would recommend?