All Forum Posts by: John Miller

My oh my well that's not hard to remedy. Are you looking in the Humble, Spring, Katy area, I will see what I can find, and get back to you.

https://www.biggerpockets.com/forums/48-general-real-estate-investing

the issue with foreclosures is the appraisal not being the best it could be.

Seth what is your email. I have a property midtown that you may be interested in.

Or call

4702522460

well from reading all of that, you are putting a great deal on your plate. Multifamily in jersey, what an Easter egg hunt. Wow where to start. If you go with hard money financing the rates are not prime and you would need to bring 25% to the table on an owner occupied. However, that does open the door to networking with the money folks. What price range are you looking in and what amount would you be looking for to make up the difference .

Im not certain FHA would allow the two mortgages on the property out of the gate with no built equity.

Im not sure if any of that helped, but wanted to encourage you just the same.

What I can help you with is financing on any other buy n holds or buy n flips

Later

hard money loans are essentially available to us for quick turnarounds, each lender has different criteria. The guys I go to will finance 100% of the purchase and 100% of the rehab. I have pushed several projects through them, they are responsive and reliable. If you want any information feel free to contact me,

yeah you will get there. When you establish relationships with the vendors you will start to compile a database full of knowledge. By the way, what are you using for project managent? I also develop and manage a plethora of niche applications. If you need consulting in construction management id be happy to assist where I can.

I can provide you with a lender, what amount are you seeking? Pm and I will set you up with a lender

scheduling is an essential aspect of profiting from a project. using a GC is probably a bit more costly, but they are carrying the weight of the project and have overhead. shopping a GC's price is probably more time consuming than it is beneficial. you also are gaining the GC's knowledge of the qualiity of work that you will be receiving. but a schedule is critical and should be attached to the contract as an addendum. also any preference in material would need to be specified. the other item ive always included in contracts is the expected milestones and the sub either your own or from the GC should be strictly held to. after you get a few projects done you will understand more about how to schedule. also be mindful of your scope of work and changes. change orders can blow your budget.

hi would say 20-30% would be acceptable. Not trying to get rich overnight, looking to earn what I get.

get a quote from the contractor, and verify their work