All Forum Posts by: Leo Lanza

I'm in the Dallas market. I would have to agree the market has slowed to a steady growth. 

@Manolo D. Okay, 1. Paying cold cash is different because you don't have financing costs,  but you want to make at least 10% profit or how can you justify the risk. A realtor commission is 6% and they have no money invested. 

Also, the work work that needs to be done the better deal I want to see. If the property is fire damaged and a full gut job 80% is risky.

I agree with J Scott. I would never but a property above 80% for a flip, but 70% deals are more difficult to find. Plan on doing your own marketing. If it's coming from a wholesaler probably 75-77% is a good deal dice they are probably making already 5%. Your basically partying the wholesaler for finding you deals. Granted there numbers need to be spot on. My own flips are between 70-77%

Yes, they are called pirtfolio loans.

I recommend using a local portfolio lender. These are going to be local banks with just a few locations. They won't know what a portfolio lender is, so just ask if they use their own money to lend or if they lend on flip properties. 

I recommend using a local portfolio lender. These are going to be local banks with just a few locations. They won't know what a portfolio lender is, so just ask if they use their own money to lend or if they lend on flip properties. 

Just another term for driving for dollars

ARV: $185,000

Rehab: $23,000
Cost: $126,000

Pictures: https://www.dropbox.com/sh/a8zp1fkk1hoqt2h/AABlfmJ7rZuuBVJcL6h7H_jDa?dl=0

Call Leo 817-507-9497

Great Flip opportunity in Bedford! Rare won't last long! 3-2-2 1,826 Sqft

ARV: $200,000
Rehab: $40,000
Price: $110,000

Leo - 817-783-4014