Problems fixing up-flipping old houses built before 1950-Hard money loan-Lender

There are tons of problems with flipping older homes when you're trying to get a hard money loan. This house was actually built IN 1900. In part 1 you already saw what Greg, the investor's numbers are, today in part two we're walking back through the house with the hard money lender to see what his repair estimate will be. Further find out what lending criteria mike has when loaning to new real estate investors as well. What does he require?
Flipping older homes demands a special skill as the building materials are different, room/closet size, floor plan etc.etc. Mike has been buying and selling houses for 30 years so his eye can see a lot more things than the average investor. Let's find out whether or not Greg will buy this house, bring in a partner, or just wholesale it off to another investor and make some quick cash. Make sure you watch until the end to meet our mystery person to see what part he played in this deal and see the after pics of the renovation.

Join my book club so I can PUSH you to read more: https://krish.thrivecart.com/kris-book-club/

Need financing? Find out how much you qualify for in Business Credit Lines: https://www.fundandgrow.com/wr/krishaskins?session=ondemand

Get the best property software for real estate investors: http://trial.propstreampro.com/kris/

Join my email list for updates on the All Day Foreclosure Summit: Summit:https://aw8d9fb.aweb.page/p/e3eb4a37-a7be-4cbd-889d-b3e9f458005f

00:00- Intro
1:20 - See part one of this video playlist https://youtu.be/tkCmEBgSJ38
1:40 - My Book of the month Club Feb 6th, 6pm Get the updated Rich Dad Poor Dad Book here: https://amzn.to/3sqsC7Y
2:03 - My Foreclosure Summit Coming in Feb
2:45 - Let's go over the numbers on this real estate flip
3:15 - What is a hard money loan & Meet a hard money lender
6:55 - What does a hard money lender look for when loaning money, Criteria for new investor borrowers
10:27 - Greg goes over the exterior repairs
12:38 - Start interior inspection in the Living Room
13:28 - Kitchen will need a full gut from water damage
15:40 - Upstairs bedroom electrical work
17-35 - Somebody was having sex in the house
18:00 - Mike gives Greg his thoughts on the repairs, contractors and city permits
30:38 - What WE think the renovation cost is going to be
33:32 - Find out what Greg did with the property
39:25 - Meet the Cash Buyer Greg wholesaled his contract to

Follow Kris on Social media:
Instagram: https://www.instagram.com/kris.haskins/
Facebook: https://www.facebook.com/kris.haskins.7
Twitter: https://twitter.com/kriz1204

#Fixingoldhousesup, #hardmoneylender, #Renovateoldhouse

Видео Problems fixing up-flipping old houses built before 1950-Hard money loan-Lender канала kris haskins