All Forum Posts by: Dusty Cady

@Jeff Brower Thanks for sharing! I just got an offer accepted on a duplex yesterday that I will be doing the same thing with. Going to end up paying $500/month out of pocket! Pretty stoked. 

@Alexander McCairel I would also recommend Ryan Kane: http://renosierrarealestate.com/reno-real-estate-a...

He is an investor himself and has a pretty good pulse on the market. 

Hi @Allyson Edwards I would like to be on your list. Our primary focus is in the City of Ventura. 

[email protected]

I have experience with them as a tenant. They were attentitive and used technology to make requests and paying rent easier. Not sure about their fees, but they were professional to deal with. 

Action Properties.

I really like this guy Ken Courtright. Start at the beginning of the podcast that is where the best info on SEO is. It mostly comes down to content creation ie. blog. https://kencourtright.com/todays-growth-podcast/

Hi BP - Well I have successfully networked myself into an ideal situation to start my investing career. 

I am partnering with an investor who is going to be providing 100% of the acquisition and rehab costs to flip some homes in my local area. My role will be to source and manage the deal. We are going to split potential profits 50/50. 

My question is if I should create an LLC for us to actually buy the property with? Are there any concerns or pitfalls that I should be aware of? I am very excited to get going but want to make sure myself and my partner are protected in case something unforeseen happens.

Thanks!

-Dusty

@Mario F. DM me. I can explain the HERO program in detail to you. I work for a similar company and am quite versed. 

1800 remodel is essentially a lead generation company that will push you to their contractor which is called YYB. 

@Laura Ozols @David Tran @Mario F.

Hey All- I work for a company that provides PACE (property assessed clean energy ) loans similar to HERO. I can explain these programs in more detail so you have an understanding of what it is.

1. @Mario F. - There is NO promotional period. What you are referring to is the fact that your property taxes are generally due in November. Since the fiscal year ended in June any HERO financing you do now will be accounted for on the tax roll next year. So you will see it on your property tax bill for 2018. Hence the 18 month 'no payment'.

2. @Laura Ozols - Your research isn't exactly correct. The interest rate does not change. What you may be referring to is the capitalized interest that happens over the course of the aforementioned 18 months. The price for the upgrade is NOT between the program and the contractor. The price for anything is between homeowner and contractor. These programs are simply providing financing. That's it, they don't set what price a product has to be sold at. In fact we actually give max prices that we will actually allow a contractor to sell at. 

3. @David Tran - It sounds like your contractor didn't do a good job at disclosing all the details to you. That is unfortunate. You should 100% be able to get all the documents you need from HERO. In fact that should have been emailed to you asap after you signed your finance documents. 

4. Transferability - While PACE loans are transferrable (unlike unsecured loans) the reality is it will be a sticky situation when you go to sell your home. PACE loans do take 1st position over the mortgage company so they aren't too fond of that. With that being said, there are a number of mortgage companies out there that understand this type of financing and are more than willing to refi, and give mortgages. 

I hope that clears things up. Feel free to fire away with any more questions. 

-Dusty

Hi @Bill Schrimpf  - Eventually I will want a handyman. For now, I am looking for licensed contractors that will be able to handle a full rehab project, including the sub contractors.