All Forum Posts by: Beau Romstedt
Beau Romstedt has started 8 posts and replied 43 times.
Post: Fire damage auction home next door to me. Wichita Kansas.

- Lawrence, KS
- Posts 45
- Votes 4
If you get it for the right price you can make a lot of money if you want message me or I can message you me and my partner live in Wichita we are both general contractors and investors 316-841-6764
Post: BRRR strategy confusion - Refinancing

- Lawrence, KS
- Posts 45
- Votes 4
Thanks Chris thanks Joe for clarifying that I appreciate that.
Post: BRRR strategy confusion - Refinancing

- Lawrence, KS
- Posts 45
- Votes 4
I wouldn't say no to a partner . I've done tons of renovations for pennies on the dollar but usually I just take the money I may do some sweat equity but now that I turn 30 I'm really motivated to build up a rental portfolio and stop turn all my cash in the trash.
Post: BRRR strategy confusion - Refinancing

- Lawrence, KS
- Posts 45
- Votes 4
thank you for clarifying that, how many times can you repeat this process as in how many mortgages can you have under one names cash flowing?
Post: BRRR strategy confusion - Refinancing

- Lawrence, KS
- Posts 45
- Votes 4
So I purchased a property in march of this year with 100% of my cash for $37,000 and I've put 20 into it I had it appraised other day for 125,000.
So what you're saying is get a mortgage on it get my cash out and start another project? So am I understand this right?
Post: In search of asset-based lending in Kansas? Any recommendations?

- Lawrence, KS
- Posts 45
- Votes 4
hi everyone I was wondering if anyone had any recommendations on any asset-based lending companies that serves Kansas ?I have a opportunity to get my hands on a very good project if possible thank you.
Thank Beau
Post: Looking for asset-based lending in Kansas

- Lawrence, KS
- Posts 45
- Votes 4
Hi everyone looking for an asset-based lending company in Kansas? Found a pretty good opportunity if I can get the deal funded. The purchase price on this house is $88,000 back to repair value and county appraisal is that 147,000 strictly cosmetic.
If any you guys have any info on anyone I contact it would be greatly appreciative. Thanks Beau.
Post: DIY Hardie Siding

- Lawrence, KS
- Posts 45
- Votes 4
I would try a Menards, ABC Supply, or Sutherlands. I believe they will have one of those in your area and usually can order in other Hardie products they may not stock on a daily basis.
Post: single-family into multi family

- Lawrence, KS
- Posts 45
- Votes 4
@Steve Vaughan As of right now there is 10 leased with 4 coming up for renewal in Feb. Buildings were built in 1992, most of the rehab is 100% cosmetic and lack of maintenance and management. The owner currently lives in the Philipines and property management company is in another town...
Post: single-family into multi family

- Lawrence, KS
- Posts 45
- Votes 4
THANK YOU SO MUCH @NICK BALDO THAT IS A BIG HELP .