All Forum Posts by: Patrick Daniel

I would go with the word Specialist, unless you truly are an expert and are going to be a rock star consultant for your clients. Specialist to me sounds like you know where to find the answers and will guide investors the right way. Expert sounds like you have all the answers and will tell the investors what to do.

Hope that makes sense! Good luck!

There is a lot of good advise here. One of the things that bugs me the most is that your agent refuses to carry out your wishes on the deal. Yes they are there to advise you, but in the end, if you are not breaking the law, it is their job to represent your wishes. I also would not lose the deal, but why not in the future work in a penalty into the contract? If the home fails to close within 7 days of the scheduled date, the buyer is required to pay 1/30th of monthly fair market rent per day until the deal closes, due at close. This way, if there is a delay, you are compensated, and the buyer is motivated to keep looking over their lender's shoulder?

I look forward to the 23rd! I have done a few rehab deals and some wholesale deals, but my long term goal is to have 100 rental units! super excited to hear any new tips that Brandon can provide.

This is a great question and one that I haven't thought about much with the BRRRR method. Definitely interested in any tips or tricks to keep the costs low, Those closing costs do seem VERY high though! Like double what they should be?

As Jonathan said, you are very unlikely to run into issues because of a phone. Considering that closing is happening tomorrow, You should be clear. Best of luck!

These numbers seem about standard across the board. Did the mortgage calculator include just property and interest? If so, that is leaving out property taxes, insurance, maintenance fees, capital expenditures, and property management fees, so that $250 dries up pretty quick. 

 Do you have a Surplus Warehouse nearby? Or possibly a wholesale/outlet store that sells windows at a discount? If you have common window sizes, you should have some luck there. I would also make sure that this is something you are allowed to do without pulling a permit. In my area and many areas, window replacements require a permit.

Good luck!

Are small houses such as that common for where you are looking to buy? If you do not have MLS access, I would speak to a trusted real estate agent and see what the DOM and price /Sq Ft is for similar homes in that area. Then go from there and use the flipping calculator to figure out how much you can offer and still make a profit.

Have you ever had any luck with buying from LLCs off of mailers? I have never mailed to them, it just seems like "conventional" wisdom to skip them. Maybe I should rethink.

If the reviews are believable and were from actual customers, then I would go with the better price. I am not in the business of spending an extra $2,500-2,700 because someone is more friendly. If I am worried about their business legitimacy, then that is a different story.

Do you have any local investors that you can ask about them to ask about their experiences?