All Forum Posts by: John Paulus

Thank you, @Bill Hampton.

Thank you, @Jonathan Klemm- great advice. I've seen all sorts of structures from 20-35% of the budget to a precentage of the profit. 

I'm looking for a General Contractor to run my house flipping projects in the Metro-Atlanta area.  

I'm interested to know how much other house flippers are paying their GC and what type of structure plan they have in place. 

Thank you, Erik.

Thanks, @Alex Hunt. 

I am find with a lower LTV. I'm currently fully funding my own project(s). I'd be interested in understanding your rates, fees, etc.

Ernesto, 

Realistically, I would not want to be above 10% or pay more than 1% orgination fee, $1k app fee. It may be more prudent to get a HELOC to scale.

 @Alex Bekeza, I agree.  Thanks for the feedback.

Quote from @Doug Smith:

I have no idea who they are, but I know of no legitimate bridge finance company with rates from 7-9%. I just screen shotted the up-to-the-minute owner-occupied Fannie/Freddie 30-year fixed rate national average for loans as well as the 10-year treasury so you can see direction. I would contend that the risk premium for a non-owner-occupied investor flip would carry a much higher risk premium than the Fannie/Freddie 30-year fixed. What you typed that you are seeing is more of where we have them. 

 Doug,

To be honest, I was really surprised... and if it's too good to be true, then it's more than likely not legitimate.  I appreciate the feedback.

 Ruth, I was asking @James Heller who he was using as a Hard Money Lender with those terms. I've been funding my own deals, because I have found most HML's fees, points and rates exorbinant.