All Forum Posts by: Matt M.

Have you thought about using hard money and doing a rate and term refi at the end? Can you qualify for a conventional loan on the backend?

Edit- Elevations CU will lend up to 90% on the heloc IF you qualify. Let us know if you do the project. I'd like to take a look!

I prefer to keep my comps in immediate neighborhood when checking out a potential flip. There is a flip in my neighborhood that used comps in the neighborhood to the North. She is $150k over the comps in our neighborhood. I hope she gets it for my sake, but doubt she will. 

The 70% rule is hard to use here unless you get a great deal. 

Why not get a new primary with less down and house hack the new and old home? Then you don't blow all of your $100k on the next deal. 

And there are deals here. You just have to hustle for them. 

Deals are out there, but you have to hustle. My client just closed on a home East of where you are looking at $370k. They've been using my cash buyers program to beat out loan offers and get the deal. 

Off market is good too because you won't find the 1% rule on the market. I'm seeing quite a bit and putting people on those. Lean on your agent to do his/her job and get you a deal.

Welcome! What kind of engineering degree are you working towards? I was looking at engineering and construction management before I settled on finance and real estate. 

Love the area. My friend owns a brewery there. Do you have any experience with rehabs?

Now that you guys are more established, I think it's fair to get them under a BA agreement. Think about established youtubers that offer "the good stuff" to their patreon subscribers. Work for those that value your input, etc. 

Those that don't sign the BA MIGHT do a deal with you, but how much time will they waste? I find them to be a one deal relationship if that. They usually look for the kickback and don't value time as they don't respect the agent's role in the transaction. 

Plus your real estate "patreon" clients will be more likely to send referrals. 

You need to be REALLY careful trying to wholesale a foreclosure. Make sure to use the proper contracts. With that being said, usually those liens are paid off via a sale. I've seen guys negotiate for the sellers to get CC debt and other liens down to help the seller out. 

I was almost able to buy a triple last month at 1%+ here in town. The seller's brother snatched it from me. It's been a long time since I've seen one come up, and I'm always looking. 

If you want to buy here in town, then your best deals come off market. Once it hits the MLS, be prepared to watch the insanity.

Paging our Denver BP CPA @Linda Weygant.

She might be booked as most are now.