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All Forum Posts by: NaDean Bowles

NaDean Bowles has started 8 posts and replied 134 times.

Post: Down payment any advice

NaDean BowlesPosted
  • Investor
  • Little Rock, AR
  • Posts 152
  • Votes 40

@Al Zeman, can you tell us more about the deal?  Have you tried getting a loan for the whole thing? 

Post: Kansas City, MO (KCMO)

NaDean BowlesPosted
  • Investor
  • Little Rock, AR
  • Posts 152
  • Votes 40

Is there a searchable database online to find out the name and contact information about a property in Kansas City, MO?  

Post: How did you FUND your First Flip?

NaDean BowlesPosted
  • Investor
  • Little Rock, AR
  • Posts 152
  • Votes 40

@Jasmine Bakewell-Barre', I bought a property at the tax auction that was (thankfully) redeemed.  My second property I managed to seller finance for zero percent. I'm a loan broker now and I would completely go that route.  I have a couple right now applying for their first property.  They are going to do a rehab with $20K profit.  They are doing it right.  

Post: I am looking to go South to flip for the winter. Any ideas??

NaDean BowlesPosted
  • Investor
  • Little Rock, AR
  • Posts 152
  • Votes 40

@Matt Mueller, I'll message you. 

@Andy Krzanowsky

If the $150 doesn't affect you, I would take the shorter term with the lower interest rate.

Post: I am looking to go South to flip for the winter. Any ideas??

NaDean BowlesPosted
  • Investor
  • Little Rock, AR
  • Posts 152
  • Votes 40

@Matt Mueller

Are you more interested in the vacation potential of a location or the profit potential/ROI? For ROI, Little Rock is a great market. I'm in Little Rock myself.

Post: Current business owner getting started in REI

NaDean BowlesPosted
  • Investor
  • Little Rock, AR
  • Posts 152
  • Votes 40

Hi @Jeremiah T.,

I'm a commercial loan broker and while the first loan put through may be at a slightly higher interest rate, the following loans will be much easier and typically have lower rates/less points.  

Post: How do you vet distant professionals?

NaDean BowlesPosted
  • Investor
  • Little Rock, AR
  • Posts 152
  • Votes 40

Do your best due diligence long distance and then fly out there before you hire anyone and the first several deals followed by the big deals and bi-annual or quarterly random checkups.  

I am a commercial lender but if I were you, I would look into getting a HELOC on your house from a traditional bank.

Post: TEXAS investor selling ALL their rental properties

NaDean BowlesPosted
  • Investor
  • Little Rock, AR
  • Posts 152
  • Votes 40

Buy them with owner financing.  You take all the responsibility and she still gets the cash flow she's become accustomed to.

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