Resources Page
Underwriting Tool - Rentals
Attached is a workbook I created to quickly and easily evaluate rental properties (as well as a link to a Google Drive folder where I’ll keep updated and alternative versions). Below is a link to a video of me walking someone through using it. If you have any questions or want me to help you to evaluate something, please don’t hesitate to reach out.
0% Interest Financing
What is it: 3-5 credits cards at 0% interest for 12-18 months.
How much will I get?: Typically, between $50,000-$100,000
Fee: $3,500 – Paid upon funding (you can use a new card to pay it!)
Requirements: 700+ Credit Score with utilization under 40%
Step 1: Pre-Qual: https://qualifyme.co/
Step 2: Credit Soft Pull($29.99 but use code level19 for a $1 trial: https://www.creditnav.com/
Step 3: Wait or reach out. Jonathan Walker will contact you. If you have questions before please feel free to reach out.
Jonathan Walker; 847-772-4188; Jonathan@GuidingLight.com
100% Deal Funding
(non-creative)
We’ve connected with a private funding group that will provide you with Institutional/Hard Money (85% Purchase; 100% Rehab) at about 12% + 4 pts, partnered with Private Money (15% gap + fees) at similar rates, to provide 100%, no money out of pocket, for deals.
This works best for fix and flips or buy and holds where you can create value and then refi into a DSCR loan.
If you have a project that might fit, let me know and we can review together.
Post-Pay National Rehabber
Have you heard of Curbio?
They can do your flip rehab work for NO upfront cost! They get paid when you flip/sell.
They’re mostly nationwide – use this Zip Code Finder to see if they work in the area you’re targeting.
Things to note:
- They don’t add square footage
- You will need a realtor/agent onboard to backup/substantiate your ARV.
- Their threshold is a Lien + Rehab budget of 80% or less than the ARV.
- They can’t do a project if you’re using Hard Money but if you buy Cash or Creative they can work with you.
- They have a free rehab estimator app you can download to get an idea of pricing.
AI Calling Software
This program uses AI to make 1,000’s of calls in just hours for you and have dynamic conversations with potential seller. You can customize scripts and campaigns for different lists and track conversions. This could potentially replace outbound VA calling for a fraction of price.
You can sign up via this link: Prop AI
100% Funding and Labor - Flip Partner
I’ve connected with a company that will partner with you on flips to provide 100% Funding and will handle all the rehab.
After the sale, you and the company share the flip profits 50/50. Essentially, it’s like bringing a wholesale deal but instead of an assignment fee, you share in the flip proceeds.
This is a program so there is an initial fee but I’ve discussed with them a reduction/deferment on this to make it easier for people to join. After the initial one-time fee though they will fund and do your flips for life.
If you have a project that might fit, let me know and we can review together.
Best Rental Management System
We have used a few different property management systems over the years and really like using Innago the best. Their features include:
- Online rent payments
- Online lease signing
- Tenant screening - multiple levels
- Listings - easy to list on Zillow, Zumper, Realtor.com and more
- Renters Insurance
- A great mobile app and so much more.
It's been super easy for us to use as landlord as well as our tenants to use it from their end as well.
Plus, it's 100% FREE!
You can sign up via this link: Innago
Marketing and Advertising Services
This company provides many different types of marketing from TV, Radio, and Digital advertising, to also Website creation services, Email marketing, and Direct Mail and Billboard advertising.
Visit their site for more information - Max Results Media
