As a home inspector myself, make sure that you use a thorough inspector. I ask for 4 hrs (it isually takes less) for my inspections, and 90% of the flak I get is from agents. If you're the client, don't let your agent, or the seller's, try to hurry the process along. The only person who stands to lose is you.
@user-fy4lv6mf5n8 ай бұрын
As a multi property flipper I never pay upfront money to any contractor. There is no reason to and many reasons not to. One indisputable reason is “what if they get hurt or killed”? Job over money gone. I understand cash flow needs of the contractor though. So I pay daily. I pay all material costs. That eliminates any markup from the contractor plus negates a reason for upfront money to them. Usually I pay about 500 a day and withhold the last 1000 until completion because so many people stop working regularly or at all on the last 10%, cleanup and touch up.
@stefanimokris93998 ай бұрын
I love many things about this episode. The guest is just so humble despite all of what he has accomplished in such a short time. I also like the fact that he made money doing his own thing in which he became an expert, versus simply doing whatever everyone one else is.
@jasonvelie55468 ай бұрын
Wow, thank you so much for the kind words. I’m glad you enjoyed the episode!
@alexandrapadilla47868 ай бұрын
“Tickle me Elmo-Abasolo” - while I always love the content of all your episodes…I secretly wait to hear the sign offs that you do David!! Always make me laugh! 😂
@sheilakilby51628 ай бұрын
My husband and I have flipped more than a dozen "doublewide" homes (on land). We always used our home equity line to purchase and then typically sold them to first time home buyers. We also don't buy anything more than 20 years old. As he stated, we didn't keep them because there is no investor financing for this type of home. We have done it all, new construction, mobile home flips, small mobile home parks, land subdivision, long term rentals, short term rentals, mid term rentals. I am in the Asheville NC area. I didn't catch what area of NC he was from.
@jasonvelie55468 ай бұрын
Awesome! I’m in Wilmington!
@RonnyPerez.7 ай бұрын
Sometimes i think these episodes are just made up to keep the brand going. @sheilakilby5163
@cameronhall66218 ай бұрын
This has been one of my favorite episodes!!! The story is very similar to mine. The way you operate and find deals I relate to because my story is so similar, although I'm at the beginning cusp with only 3 properties.
@dhowto30058 ай бұрын
Mr. Jason Velie scaled very quickly. Congrats! I had no idea that mobile homes could be used like this.
@TJ-th9hw8 ай бұрын
What an inspiring story with Jason ! It’s duplicatable and I love it! Thanks for having him on the podcast!
@swellbell18 ай бұрын
Learned alot from this podcast. Actionable intel and not too long.
@DanKohan8 ай бұрын
Your first deal hiccups are relatable - we've all been there! 😅
@FinancialFreedomLifestyle8 ай бұрын
$10k a month is nice! Good work.
@MikeBell-jk4hh8 ай бұрын
This episode could have been way better….the guest and his story were awesome, I was so interested in it and would have loved to really get in the weeds on what he’s done and his portfolio. Only problem was the episode was way too short it felt like they were rushing through it which in my opinion was so disrespectful to the guest, Jason. If they would have done an old-school hour to hour and twenty minute episode it would’ve been awesome. I seriously hope they can have him back so they can apologize for shortchanging him and to do a deeper dive.
@evgenyonishkevich84948 ай бұрын
David! 771 was a great episode but nothing about mobile homes there! What’s the correct number?😅
@JD-vm5wl8 ай бұрын
This channel is great! Love the gold nuggets of information for new or future investors
@brucefreeman52078 ай бұрын
This was absolutely one of my favorite Bigger Pockets Podcast. Such a great story and so much information.
@sheilakilby51628 ай бұрын
Mine too. Great information for a beginner.
@thinkinoutloud80698 ай бұрын
How do I find a hard money lender similar to the one he has found. I have a property under contract for 45K. Rehab about 35k. ARV around 115-120K. Is it possible to find a hard money lender that will do 100% of both purchase and Rehab? Please advise
@WalkingMoonRealEstateInvestmen8 ай бұрын
I don't think anyone is doing 100% on both right now. What I currently offer is up to 90% LTC and 70% ARLTV on purchases and up to 70% LTV (75% on Case-by-Case Basis) for rehabs. If you need funding please feel free to reach out to me. I would love to be a resource for you.
@thinkinoutloud80698 ай бұрын
Thank you! How can I reach you?
@Veteran_Nerd8 ай бұрын
Great story! Valuable information. I feel like yall could do a podcast series just about bad contractors haha. Thanks!
@jasonvelie55468 ай бұрын
Thanks! And yes, sadly there would undoubtedly be plenty of stories to keep a podcast like that running forever!
@staciesmith47578 ай бұрын
What are some of the 'few qualifications that have to be met' for financing a MH?
@peteganze64167 ай бұрын
I've looked at mobile homes but I never see a good price - it's like the owners have a distorted view of the market and they list a trailer for 40k in areas where you can buy houses for that. Maybe I'll start looking in ernest. Side Note - I see the rich dad book - that dude is a billion in debt and he made up the rich dad. Oh my.
@darius_oneofone8 ай бұрын
Interesting learned something new about the BRRRR.
@barrymccaulkiner70928 ай бұрын
Did the seller of the 8 unit sell because of the moratorium on rent payments at the time?
@jasonvelie55468 ай бұрын
No, they sold because they were getting a divorce. I inherited amazing tenants that have still not missed a payment to this day. 🙌
@CamoronMireCat8 ай бұрын
Damn, housing markets even hurting the podcast length 😂
@rynerss8 ай бұрын
😂😂
@gtcam7238 ай бұрын
🤣 Ok that’s funny right there
@jwalk9378 ай бұрын
This is why I'm so scared of reno's ill keep paying top dollar for turn keys from burned out landlords, I love NC prices.