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All Forum Posts by: Erich Hatch

Erich Hatch has started 2 posts and replied 4 times.

Post: Estimating Rehab costs

Erich HatchPosted
  • New to Real Estate
  • Meridian, ID
  • Posts 4
  • Votes 3

Hello, 

For anyone that is not well versed in rehab estimation, how do you go about calculating rehab costs if you are not going through a realtor to find deals? Do you get an inspection and just let the potential seller say they need to wait for that to be done, or do you hire a GC to give you an estimate?

TIA

Erich 

Post: 30 Year Note Private Lender

Erich HatchPosted
  • New to Real Estate
  • Meridian, ID
  • Posts 4
  • Votes 3

Hi Chris, 

What your saying makes sense and explains why I have had such a hard time with this. I like your idea as well though. Is there a community you are aware of that I could find a private lender that would be interested in terms like this and could provide the cash out refi shortly after rehab is complete with a competitive rate? 

Post: 30 Year Note Private Lender

Erich HatchPosted
  • New to Real Estate
  • Meridian, ID
  • Posts 4
  • Votes 3

Hi Jay, 

Thank you for that info. 

Post: 30 Year Note Private Lender

Erich HatchPosted
  • New to Real Estate
  • Meridian, ID
  • Posts 4
  • Votes 3

Hello, 

I am very new to the real estate game and am curious as to where I could potentially find individuals who would be interested in investing in a 30 year note for a SFH. Where could I get in contact with someone like this and what kind of rate should I anticipate they would expect?

TIA

Erich