All Forum Posts by: Isaac Blocher

@Grant Mone If your not RE agent then you can look up comps by going to zillow.com or realtor.com. Put in the address and see what houses are for sell and what houses has sold in the past 30day. Then find 3 or 4 that match yours as closing as possible. 

You can have a contractor come with you, or you can also go to the doc. section here on BP and download an itemized repair list. When you go to the property take it with you and start checking off things you believe need to be repaired. Then go to Lows or Home Depot and start pricing out the items.   

I hope this helps! 

@Michael Ringwood ll Send me the deal info [email protected]

@Brent Hill Good man! PM me if you need anything. 

@Cheryl Crockett I believe the most transaction lending is 1-2%.

@Jay Hinrichs Thank you, I appreciate you letting me know. BiggerPockets is a great place to learn everything you need to know.  

@Jay Hinrichs Even if I am just using my own money? Currently I am lending my own money to fix and flip borrowers. I charge 10% and when they sell the pay me off. What does nmls and RMLO stand for?

@Brent Hill are you going to wholesale these properties? 

@Grant Mone Do the numbers work? find that out and you will know if you have a good deal or not. 

@Ian Walsh Thank you! I am trying to learn as much as I possibly can before I start doing this kind of lending. 

@Ted Akers What does EMD stand for? There are so money different terms.