All Forum Posts by: Philip Pape

@Ken Accashian, that's great advice, and I so happen to live 3 minutes from a saw mill that provided lumber for my recent deck replacement. I will definitely do that, thanks.

Can anyone recommend solid (ideally incredible) sub-contractors in central Connecticut? Specifically for Hartford County towns?

I'm looking to rehab for buy-and-hold (BRRRR) and the jobs would probably be in the $20-40K range. I will probably have a GC for my first few but will eventually want to manage the sub-contractors myself.

Feel free to reply to the post directly or send me a private message. Thanks!

Hi @Danny Ginsburg, I'm also a new investor looking to use the BRRRR strategy or fix-and-flip. I live in Bloomfield, about 45-60 min away.

Another CT investor (@Login George) is trying to setup a meetup, so the more the merrier!

https://www.biggerpockets.com/forums/55/topics/334...

@Ann Bellamy, thanks for your advice. I listened to show 9; it was a wealth of helpful information. I have started asking around and will get involved with local networking groups. Thanks so much :)

@Jonathan Makovsky, I appreciate that and sent you a message :)

@Account Closed, I would love to know how the deal worked out.

@Jason Arcuri, thanks for your reply. What about portfolio lenders?

As a new investor in CT, I'm looking to flip my first property and would like to understand what lending options are available to me. I've read the BP Ultimate guide, several books, and a number of forums on the subject, but I'm still not 100% clear on what's available for my personal situation.

I have very good credit, good income, and no debt except for a first and second on my primary residence (in other words, I would easily qualify for a conventional mortgage).

But if I found a great deal, say tomorrow, and wanted to close quickly to make sure the deal happens, what are my best options? Let's say I can put 20-25% down on the total financed value (e.g., purchase+rehab cost) or even on the ARV.

Should I pursue conventional, rehab/construction loan (are these available?), hard money, etc.?

@Michael Noto, these are all extremely reasonable points so thanks for explaining. As a new investor, I see the prudence in teaming up with experts (who have experience with investors) and figuring out what works for me down the line. One step at a time :)

@Login George, I'm in. Let me know the details and how I can help with the meet up!