All Forum Posts by: Katie Smith

Have you had a larger wholesaler send out the property for you or connected with lenders to see if they know of any buyers? I'd like to get more info on the property. Sending you a dm.

Hi Christian! Are you still looking for advice on how to begin? Build your team. Find wholesalers and give them your buy-box so you can find an off-market property. You're most likely going to need to get a hard money loan to fund a fix and flip. Depending on the area and credit score - I can get you up to 90% of the purchase price and 100% of the rehab budget. Have you gotten pre-approved yet?

Hi Ivan! Welcome to BP! Where are you looking to invest and do you have a specific buy-box? Do you have your team in place? I recommend getting all of your ducks in a row before you find a deal so that you are prepared when the time comes. 

Hi Steve! I would be happy to see if I can help you! Sending you a dm

Hi Molly! What platforms are you currently using to look at deals? Have you connected with any local wholesalers to get on their mailing list? Most wholesalers have photos on the emails/listings and if they dont, you can request them. Once you have the address, look the property up on Zillow. You can see the tax information and HOA estimates on there! Keep in mind that if the taxes are extremely low - it may be homesteaded. You may be able to go and view the property as well, depending on the situation.

Hi Tafili! That's awesome. Was this your first fix and flip? Do you care to share any pros/cons that you ran into during the entire process? Are you looking to do more fix and flips this year?

Hi Khyati! Start attending your local meetups/networking groups! There will be tons of wholesalers there for you to connect with. Attending in-person networking events will offer invaluable opportunities to cultivate meaningful connections and foster genuine relationships. Through face-to-face interactions, you can establish trust, convey authenticity and leave a lasting impression that transcends digital communication.

Hi Jennifer! You will need to pay the agent a commission, which can drastically eat into your cash proceeds on a flip. Are you in touch with any wholesalers in your area? I would reach out to a few wholesalers - and give them your buy box. Wholesalers will send you properties that fit your buy box, and you can work directly with them and a hard money lender to get the deal closed. 

Hi Eric! There sure is. I would recommend a DSCR loan since they are investment properties. The rate will be dependent on your credit score, but shouldn't look too different than the rate you are paying on the HELOC. You may be able to do a blanket loan as well to save on closing costs. I'll dm you.

Hi Paul! Welcome to BP! I highly recommend attending a few monthly networking events/meetups! Look up the nearest REIA (Real Estate Investor Association) and GO! You will meet local investors, agents, wholesalers, title companies, etc. It's important when you are getting started to build out your team so that you are prepared when something comes your way.