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All Forum Posts by: David Lowe

David Lowe has started 26 posts and replied 153 times.

Post: What do contractors look for in a client or partner?

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33

@Jonathan Harris 
Thank you for the very insightful answer. Do you think GC's have different styles or is it fair to say that most don't like to be micro-managed? Can you give me an example of "know what they want and can verbalize it"? 

Post: What do contractors look for in a client or partner?

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33
@Account Closed

But anything other than money John? 

Post: Ask Me Anything! Free legal advice

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33

Post: Ask Me Anything! Free legal advice

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33

@Lee Zap Martin

 I am not being sued I was just asking as a hypothetical. Thanks for your feedback and obviously hope this time doesn't arrive! 

Post: Ask Me Anything! Free legal advice

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33

Like you, I currently live in Austin, TX. However, I am moving to San Diego, CA soon. If I incorporate my real estate company in Texas and,  
1). Continue to invest in California and there are any lawsuits, how would it work if the company was out of state?
2). What structure would you recommend (LLC, etc)?

Post: What do contractors look for in a client or partner?

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33

Just wondering what makes contractors choose one client over another. What jobs excite you? Do you ever go for projects because an incentive is offered? If so, what type of incentives do you like? 

Post: Can Anyone Recommend Contractors In San Diego

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33

Can anyone recommend any contractors in San Diego (especially keen on North Park, South Park, Normal Heights)? Keen on good rates, professional attitude, quality work and quick turnaround time. 

Post: Hard Loans Explained

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33
Originally posted by @Erick Harbert:

A hard money loan is a loan based off of the asset. They generally lend 70% to the after repair value of the property. If you're buying a property valued at $500,000 would lend you proximately 350000. The 350000 generally includes both closing costs and repairs which are held back and then distributed after the repairs are done. This allows them to keep in a good leverage position on the property. What are you looking at doing with the property?

 I am primarily looking at purchasing, renovating and then re-selling. I heard hard money loans were the way to go. What are your thoughts on them? Have you tried private lenders as well? 

Post: Negative Nancies

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33
Congratulations @Katherine Earle . You have taken the first step towards your personal financial success...overcoming the haters and naysayers. I am moving from Austin, TX to San Diego, CA to do the exact same thing. You will do great! 

@David Dachtera - That reminds me of another good abbreviation which we must take: FOCUS 
Focus 
One 
Course
Until 
Successful 


Originally posted by @David Dachtera:

Hi, @Katherine Earle,

Had to pass this along...

I'm on my weekly conference call and heard a definition of "HATERS":

Having

Anger

Toward

Everyone

Reaching

Success

David J Dachtera

"Success is not a destination. Failure is not an event. Success is a process, failure is a choice."
- DJ Benedict

Post: Hard Loans Explained

David LowePosted
  • Realtor
  • Denver, CO
  • Posts 161
  • Votes 33

Can anyone tell me exactly how a hard loan works? I was under the impression that if a house was $500k and you brought in $300k of your own cash, you could get a high interest hard money loan for $200k to allow you to effectively purchase the property for $500k cash. Is this correct? What are the pros and cons of using this type of financing and are there better alternatives?