Experiment: Flipping Remotely with Vishnu & Leonard Episode #159

This week in the lab, we have true experimenters who have experimented flipping remotely with your host truly in Atlanta and beyond. Vishnu and Leonard’s ying-yang partnership have allowed them to not only fill each other’s gaps but complement one another as they continue to grow and expand their real estate development portfolio in multiple different markets at once as remote flippers. Vishnu Chintam and Leonard Dixon are the co-founders of Shoreditch Consulting, LLC which is making waves in real estate development across the east coast.  With a branding and marketing forte having done so in the corporate world, Leonard wears the hat when needed but is also as deep in the numbers as he needs to make the numbers work site unseen.  Vishnu on the other hand — is a builder by trade having done so for over a decade in Chicago. Vishnu brings his unique expertise with scope control and management with contractors while also having keen expertise in strategic financing for their long-distance fix and flips around the East cost.  Together they’ve assembled a strong team from New Jersey to Ohio to Atlanta where they’ve embodied deep systems and roots of fostering strong relationships within the communities to prospering elevate everyone collectively. This includes a strong relationship with your host Ruben Kanya who was honored to take part in a couple of their real estate development projects in Atlanta. In this episode, Vishnu and Leonard are going to share with us their successful and unsuccessful experiments when it comes to Business Strategies in every state, remote flipping, diversifying their portfolio, and making every member and part of their community and partnership winners. Stick around until the last bit of the episode to see how you can experiment long distance with proven systems and partnerships in place to turn more experiments into win/win situations like Vishnu and Leonard have. HIGHLIGHTS OF THE EPISODE: 02:34 - Background of the guests 11:25 - More about Leonard 14:45 - Started Building as partners - Fix and Flipping 17:44 - Why Fix and Flipping? KEEPING IT REAL: 21:11 - Why Fundability becomes an issue? 24:50 - Dealing with a hard money lender 28:33 - Working with hard money and private investors 31:40 - Loan to cost vs Loan to value 35:15 - Why you should always start with the repair value 41:59 - Interest Rates 46:52 - Does Business Strategy change in every State? 51:50 - Diversifying Portfolio 54:54 - When should we use private money? 59:16 - Why aren’t all Huds created equal? 1:00:13 - Remote Flipping 1:04:39 - Draw Schedule 1:12:20 - Advantages of Draw Schedule 1:16:51 - Draw Inspection 1:23:09 - Small Business Credit 1:32:39 - Buying your STR through Business Credit 1:36:04 - Buying old properties and appreciate it 1:40:12 - New Construction 1:44:53 - Pivoting to New Construction Development 1:54:00 - What’s next for Shoreditch Consulting CONNECTING WITH THE GUEST Facebook: https://www.shoreditchconsultingllc.com/home/ Email: [email protected] [email protected]