All Forum Posts by: Shane McGraw

@David Robertson Let’s chat this week Text me would ya 3606207119

@Rhett Roden I got lucky and made 97k Great way to become a flipper- now I’m 11 deep or so and have not been able to replicate it yet.. gotten close a couple times though

I’m a mortgage lender and have created a crazy spreadsheet system that bear runs my whole business Been flipping for about 7 months and just purchased my 11th flip so far- I seem to be getting a bit of a rythum now and want to start the process of creating a spreadsheet system that wIll be broken Into 2 systems: 1. property specIfIc spreadsheet-that aIds In assessing the property, tImelIne management, project contacts, checklIsts for settIng up a property in the system, before, durIng, and after marketIng, sale process (stagIng, photography, neIghborhood maIler, lIstIng process, etc 2. Lead tracker (takIng a lead On a home and trackIng all sales actIvIty untIl purchased) series of calculators, checklists, data gathering, 3 phase flipping process, tax and business checklist Looking to steal, borrow, barter, and collaborate on such a system- I’ll pay to have it made and once done will give it to All who helped me build it Who has any of the items above? Such as an pre-inspection sheet, checklist, or calculator, or maybe a list, or process driven checklist (ie: utilities) My goal is to track things so well I can delegate the minutia and focus on cross sellIng and generating and locatIng new homes! What cool stuff do you have or what systems have you already used that you would recommend?

I am a veteran and mortgage lender.

I too have been looking to both fellowship and serve veterans who are of like mind. I live in the center of 5 military installations and among many military yet i have not found such a group.

I am in the process of making an introductory training for military to (A) understand their VA eligibility and (B) how to optimize VA eligibility to purchase a SFR and, my favorite, multifamily properties.

I am looking to create a professional network dedicated to helping and training our military to fully optimize their VA entitlement as well as get some "military serving military" help.

thoughts?

I am a mortgage lender and have done a ton of VA loans.

Your VA eligibility is a very powerful tool and can and should be put to use buying a home or investment home.

You can do a 100% loan with no money down with owner occupied mortgage rates.

My suggestion might be to purchase a multifamily unit (i would personally look for a 4 plex for division of risk between the 4 units) VA will require the loan is an owner occupied home so you will live in one of the units and rent the others.

One of the best parts about using a VA loan is that you can count the neighboring incomes as "offsetting" funds or in essence as income.

picture it this way: you buy a home with your eligibility and can walk into three units of income from day one with no money out of pocket.

Dont get me started with how cool this scenario gets if you are paying your mortgage with "TAX FREE" BAH. Considering that all mortgage interest up to a million is tax deductable

hope that helps... Just one of these smart purchases early on in a service members 20 year career would be a game changer!