All Forum Posts by: Terry Beall

Welcome to the BP family!  You have access to a lot of info. in the education center.  Read and listen, and ask us on the forums!  Good luck!

Welcome @Daniel C. !  There is so much info on this site, you will spend hours and hours, but it is all great!  Looking to seeing you on future forums!

Welcome to BP!  You came to the right place to get info!

Hello Crystal and welcome to the BP community.  It is a lot to get into your brain, you will probably will have a brain fart or two, but hang in there!

Wishing you the best and looking forward to your input in the forums!

Hi,

I know its quite laboring with materials for a rehab.

I price homes, low, middle, and highend.  Anything that I use I mark the SKU No., and where I got it, which makes easier for the next rehab, I just repeat. 

Its easier to do a scope of work for the contractor and what will be used with pricing.  The contractor is not a designer, he builds.

Be sure that you do update your list of  what is in and what is out.  I Always stick with neutral colors, its opens the home out and with staging, it looks bigger then it would have if it had dark colors. 

Wish you the best!

Welcome to BP!  Looking forward to hear about your future ventures, the good, the bad, and the ugly!

Hi and welcome to BP!  I have done lending, so I know that "yes" @Anthony Dadlani's response is correct.  Lenders want skin in the game, and since your experience hasn't gotten there yet, it is more risk to the lender which in plain terms means a higher interest rate and more points.

You need to find "private lenders", but again, they want you to show them examples of past deals before lending money.

Wishing you the best!

Welcome Adam to the BP community.  Be sure you read and listen to the podcasts.  I just purchased @Brandon Turner new books on investing in rentals.  Just got it last night, will start reading later tonight.  This may be of use to you in accelerating your education.

Wishing you the best, and look forward to hearing of your ventures!

Yes, I have looked at homes thinking, yuck!  However, clean them out and fix them up.

Now, I will not go into war zones,  I particularly don't feel that I should bring my gun with me to work or oversee a project, or my car will vanish within 30 seconds of parking it. 

Don't let emotion get to you when looking at houses.  I do take into account, schools, shopping centers locations, what kind of transit is close by or not, and who is my end buyer going to be.

Wishing you luck!

Welcome to BP!