All Forum Posts by: Robin Cochran

Hello everyone thank you so much for your responses. I’ve already received a loan via a private lender. 
Thank you again. 

Hello,

I purchased a home on acreage to flip however it was so eaten up by termites it had to be taken down to the slab. That’s where it became new construction. I use my own money to fund so I don’t have any relationships with lenders. I need $85k to finish the home with a market price in the $430k to $450k range. It’s a high end build  in an in demand area of SE Georgia near Brunswick.
I’m not sure what type of loan I’d need for this. Equity, new construction? It would be great to find a private lender to get it done quickly. This is easy money for the lender. 
Property is free and clear on acreage. 

Any advice? If you’re a lender that’s interested I’d love to hear from you. Thank you.

@Greg H. and @Jonathan Greene Thank you both so much! I certainly feel better hearing this. I've read so much about Hubzu on Bigger Pockets but most of the posts are 5+ years old. I figured that they may of been having some growing pains. I am fine with using their title company, if that's the best way to do it. I don't want to mess this deal up. The owner is US Bank. I haven't bought anything from them before but haven't seen anything negative from those buying US Bank properties. 

Of course, as humans we all want things immediately but the market is slim pickings right now. Therefore, if I have to wait it will be worth it. 

Thanks again, I truly appreciate your responses. Wish me luck! 😉🍀

Hello everyone, 

Before anyone mentions it I am aware of the tactics Hubzu can pull. However, there is a property that I do not want to let go. I am curious if anyone has experience with quick closings when paying in cash? If so how quick was your closing and which bank had the property?  I understand that we shouldn't use their title company. Thus, we intend on using our own title company to do the title search, etc. We don't want to wait for a 30 day closing. For us the quicker the close the better. We're in the state of Florida not sure if that matters but this will be the first time we use Hubzu. I hated that the bank chose them for this auction otherwise, we'd already have the property. 

Any tips anyone can give us regarding any part of the process, would be much appreciated. 

Thank you!

@Luis Valette  Looks like @Sunitha Rao has gathered a lot of information on it. Thanks for posting this, I am sure it will be very helpful to someone. Scary stuff that fumigating; creeps me out whenever I see a building tarped like that. Reminds me of a haunted house attraction during Halloween! :-) 

I was searching the web as I usually do and came across a listing someone maybe interested in. It is not mine. I have nothing to do with it or know anything about it. That is not my area, nor my type of property. But it just went up for sale apparently. I wasn't sure if I was supposed to post it in the marketplace when it's not my property. I just wanted to help those looking for a multi-family four-plex in Florida.  The address is, 221 10th Ave W, Bradenton, FL 34205 Google it to see photos and details. 

If I am not supposed to do this. Please do let me know. :-) 

Wow, you are on fire! Welcome, @Maurice McNeil. I have actually seen you play with Houston. Very excited to see you here on Bigger Pockets. That is a lot of deals in a very short amount of time. It is fantastic to hear that you are finding some great deals so fast. That is one of the things that you will see the most here on BP; people trying to find more deals. Your basketball experience certainly does help. It is extremely competitive, especially in South Florida. I was going to wish you luck, but it seems that you have all the luck on your side already. ;-)

@Jody Sims You are all set with Woodcraft, they are amazing! Best of luck to you. :-)

You're welcome, @Kurt Stein!

As for cameras. We install wired and wireless Ultra HD 4k camera systems by Backstreet and FLIR thermal cameras found here https://www.lorextechnology.com/site/TCX50PTZBW-1-... around our horse barns. (Due to horse theft) You do not need thermal cameras.

The goal of a home security camera is to record anyone up to no good. The thing is many cameras will do that but, you cannot tell who it is or read license plates, etc. So they get away with the crime. To stop that, only buy the highest resolution cameras that are crystal clear day and night up to a distance of at least 100 feet and a field of view of 90. You can see everything on these cameras.

Here is a link to Backstreet watch the video on the homepage to learn about their cameras

http://www.backstreet-surveillance.com/

We just installed this system in a barn that had an apartment with internet. It is an Ultra 4k system with full-color night vision to 180 feet, three terabyte hard drive and eight outdoor cameras. It took three hours to install and that was taking our time. It is pretty simple to install and support is a phone call away.

http://www.backstreet-surveillance.com/ultra-hd-vi...

The picture is insane! It looks like you are watching television. Absolutely worth the extra costs. We went with the higher 180ft night vision due to horse theft. But for your house 90 to 100t is fine and you don't need eight cameras. A four camera system like the one below is just fine, and will out do its job. You could also raise your rent when a new lease starts. People will pay more knowing they are safe. The purchase cost will pay you back very quickly.

http://www.backstreet-surveillance.com/elite-ip-hd...

It will also save you on home owners insurance. The girls can also save on their car insurance and renters insurance with a camera system. 

If you have questions, give Backstreet a call. They are fantastic! They are also having a Cyber Monday sale.

I hope this helps! :-)

@Jody Sims I am so happy you enjoyed my post. You will love making furniture; it is not only satisfying but therapeutic at least for myself. Seeing the finished product knowing you made it is feeling that cannot be described. You will soon experience it and will be hooked!

The sandpaper link you included is very good. It explains why sandpaper is so important and the right paper must be used to get the long lasting finish that you see on expensive furniture. You can put the best finishes in the world on wood or whatever material you ar using and it won't help until the prep work is perfect. All sandpaper is not created equal. All 80 grit paper is not the same, even though it may say all purpose on the package.  I have tried hundreds of  brands and types of paper over the years. It is all trial and error until you find the perfect paper. For me and many in the cabinet and furniture industry, that is the Abranet. They even use it on automobiles and boats, due to its flexibility. The finishes on cars and boats must be perfect; the same you'd expect on furniture.  You must start with the right foundation; the wood has to be in the absolute best condition possible before any paints, stains, lacquers, etc. are applied. That is what will make your furniture last for centuries, without having to refinish.

The Mirka sander that I have includes its own vacuum system and is very quiet, hence the higher price. You can use it in your house and never see dust anywhere. The Abranet sanding mesh is used on this sander, but I use it by hand as well. You cannot always get into some places with a sander or sanding block. The Abranet is super soft on your hands, unlike regular sandpaper that will scratch you pretty good. 

I used the 3M sandpaper on the old builder grade oak cabinets I am doing to strip because it had so many layers of god knows what on it. For that, I used the Porter Cable orbital, and it got the job done, but for the rest, Mirka and Abranet stepped in. I would have used Abranet to strip it, but I only had 220, 320, 400, 600 and 800 Abranet on hand, and those are not coarse enough. It comes in a wide variety of grits.

For reference, this is the Mirka dustless system that I have

https://www.youtube.com/watch?v=QVQtaLDHWxM

https://mirka-online.com/mid550-912-10-mirka-deros...

They also have inexpensive sanding blocks that connect to the vacuum so you can sand by hand without making a mess. It is super for sanding drywall. 

http://www.woodessence.com/Mirka-Abranet-Hand-Sand...

You'd just need a vacuum.

As I said to the original poster, if you have any questions about wood or finishing,  feel free to send me a private message. I wish you the best of luck on your future furniture adventures! 

P.S. Look for woodworking and furniture building schools in your area, including folk schools. They often have classes for just about any type of wood working and finishing you'd want to do. Classes can be a couple days or several weeks long. There is a folk school in Minnesota and North Carolina that you get to build your own casket! Not that I would want to do that. haha

http://www.northhouse.org/courses/courses/course.c...

https://www.folkschool.org/index.php?section=class_detail&class_id=4723