All Forum Posts by: Max Keller
Max Keller has started 1 posts and replied 52 times.
Post: New to the site & looking to expand my knowledge!
- Bedford, TX
- Posts 53
- Votes 14
@Aubrey Lambalot Welcome to the site! Check out my blog if you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content. Have a great day!
https://www.biggerpockets.com/blogs/10749/72243-why-do-you-want-to-flip-houses
Post: New motivated Investor
- Bedford, TX
- Posts 53
- Votes 14
Hi @Jermaine Riggs, I'm a fellow Real Estate Investor here in DFW. Welcome!
Check out my blog If you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content. Have a great day!
Post: Newbie Set To Launch in the Western Ma. Area
- Bedford, TX
- Posts 53
- Votes 14
Hi @William J Bergeron Welcome to BP! Check out my blog if you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content. Have a great day!
Post: Inquired about a investor mentorship/community until..
- Bedford, TX
- Posts 53
- Votes 14
I think the biggest issue with any coaching program is you are asked to or strongly encouraged to make up your mind without fully understanding the benefits and the true value of the program. People get talked into something thinking one thing and find out later it was not what they were expecting.
Post: Inquired about a investor mentorship/community until..
- Bedford, TX
- Posts 53
- Votes 14
Hi @Moses Lucero Check out my blog if you have time. My goal is to write one new post a day for people getting started. I hope you find value in the content. Have a great day!
Post: looking for sfr, duplex, triplex or fourplex in Dallas, TX
- Bedford, TX
- Posts 53
- Votes 14
I am also looking for those type of properties in Fort Worth. I have a duplex in Duncanville we are finishing this week.
Post: First-Time Flip Financing Advice
- Bedford, TX
- Posts 53
- Votes 14
Howdy local investor! My first two deals I used a line of credit. After that, I used local community banks and put 20% down, then hard money 20% down, then 100% hard money, now private. It is a progression. If your credit is good community bank money is affordable. Not as easy as hard money but worth looking into.
Post: Out of state feedback needed
- Bedford, TX
- Posts 53
- Votes 14
We just finished an out of town rehab, it is challenging. My colleagues kept telling me to get a "boots on the ground" team together first. I did find some boots on the ground people but it was not before the rehab started more during the rehab. I would have been more successful on the deal if I used more patience and developed a skeleton team before I closed on the property. The contractor prices in a different state were much higher than I expected. I forgot how much better prices I get from my local providers.
Post: How much cash does a beginner flipper need when using HML?
- Bedford, TX
- Posts 53
- Votes 14
On my first hard money loan, I had to fund the last $20K of a $40K rehab cost. When I used community banks I put down 20% of the purchase and 20% of the rehab amount. Good luck!
Post: If it ain't broke should I or should I not fix it?
- Bedford, TX
- Posts 53
- Votes 14
I think a window upgrade would be more energy efficient. More energy efficient = lower utility bills = slightly higher rent. When I use to live in a rental I would have paid more each month for better windows. Depends on the area. I have a window guy that might be able to save you some money. He is putting windows in one of our flips in Arlington.