All Forum Posts by: Account Closed

Hello everyone, did this meet ever get started? I'd like to attend the next meeting if it's still going. Thanks

Logan Turner how's the Midland/Odessa market now with the oilfield crash? Me and my wife liver there for about 5years before it took a dive. We even bought on of those Beatenbough Homes behind Rockhounds stadium, but sold it to move back home in California, just in time too.

@Jay Hinrichs So I've been catching up on the podcasts here on BP and learning a bit more of each piece of the puzzle. I listened to show 158 today and it really gave me some good ideas. And like you mentioned I do believe the most likely way I am going to break into closing a deal is through a partnership. 

I am thinking that I will start driving around looking for vacant looking properties, and I learned a couple of ways to look up areas that those properties might be in show 158. 

Thanks for the advice too!

Hey guys, so I'm very much green at RI and am still in he education/book reading process. I am almost done with "The Book on Flipping houses" and have two more books lined up after this on, found here on BP. I am going to be getting into flipping but have relatively little money to start and so I was interested in hard money loans, but still have yet to fin a couple specific answers to some questions I have. If any lenders could help me clarify that would be great. 1) I understand HM loans typically come with 10%-18% interest rates but what number is that based on? Total amount? So for instance a HM loan of 350k would tack on an additional 50k in interest? 2) if the lender also covers rehab cost, let's say 50k of rehab to a 350k purchase price would the additional interest be based on just the purchase price or both figures? Thanks to all who take the time to read my long lost!