All Forum Posts by: Alfonso Velazquez

has anyone on here ever worked with a homepath reno loan to flip a house? If so how was the process?

would you use it again?

congrats buddy... I'm working on the same goals. with all these successes here I know it's only a matter of time till I post mine. Good luck bud

@Simon w. What's up bud. Yea my primary focus will be rehabs but looking to developing a steady stream of buy and hold properties. 

simply awesome and inspirational. 

@joe..hindsight is 20/20... if I knew what I know now I would have gone a different route.. I was in and still am in a place where I wanted and needed to get started but didn't know how to go about it. It wasn't until I joined that coaching program that I found this page. I won't lie I found out they were offering funding to students and I started to salivate and was my deciding factor in joining, didn't realize how expensive the funding was but like I said hindsight .

they offer 100 % of the deal to get it closed. The out of pocket expenses are the appraisal 450, certification team or approval team 250 so 700 out of pocket front end. closing cost fees underwriting fee are rolled into the loan. Also have to pay monthly interest payments At 16%. It's a lot, I know it is, however I don't have the funding nor the experience to get private funding. So I get my bumps and bruses with this financing gain the experience and take off from there. I HOPE, ha

Asbury has some areas that are great from what I seen but those are the mansion areas, I was out there for bamboozle a few years back and drove through some areas but I see how other areas are the ghetto 

I'd agree with the sea side part, but the areas I'm interested weren't touch by the Sandy event. At least in Manahawkin, I know this cause my in laws have a house there. Barnaget I have no idea about. Manahawkin have some nice areas and they built it up with all the big box stores now but if I find out some good information I'll pass it along back here.

I know manahawkin had the building boom, but the also have theyre established neighborhoods that give you that family feel. Barnaget i dont know much about. If i ask the agent about the market, theyll tell me oh yea its great lol. 

hey guys,

   Is anyone flipping, buying down in barnaget, manahawkin areas of jersey. Im setting up a possible meet with a few agents out there seen some properties out there that i would be interested in dealing with, but wondering about the area in terms of the market out there.. Any help would be greatly appreciated. 

Thanks