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All Forum Posts by: Amauris Lora

Amauris Lora has started 9 posts and replied 33 times.

Post: New investor Buying “as is”

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

Hello everyone 

I kind know that when the listing agent says “as is” but in the case of a new investor with a multi family house from 1897 how good or bad can be a deal like this and when they say “as is” it means that I can’t make a repair estimate?

Thanks for the time and information it going to help a lot new ones others like me 

Post: Lawyers Investors friendly?

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

Hi everyone 

I’m wondering if anyone now or have a lawyer in Connecticut specifically in the Fairfield County are that work with investors in creative deal no just the square box that the majority do and know this will hepl thousands of others that are in the same page 

Thanks for the information and your time

Post: Hard Money Lender For a Rental?

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

I’m really impressed and thanks full for all the response of you guys I appreciate the time you take for that and I’ll implement the suggestion 

Post: Hard Money Lender For a Rental?

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

Hello Everybody 

I been putting together a deal and the numbers are good at least for what I see but because the situation of the seller I have to move more fast than the conventional way with cash that I don't have right now so I was thinking in use a hard money lender for the purchase and then refinance the deal to long term

what do you think about it? I'll be more than grateful to see your respond and thanks for take the time for it

Post: Southern Connecticut Investor meetup!?

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

Hey! I didn't know we have a meet-up in the Bridgeport area I'll be there the 31 and thanks for let us know 

Post: Some before and after photos of my current project..

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

 Not my primary.. I bought it as a rental but due to tax reform likely passing, I will flip the house instead.. Tax reform adds additional 15.2 percent in taxes on rental income, bringing the effective rate to 40 percent tax on my rental income.. That is too much.. I rather flip and pay 15 percent capital gains tax..

So what’s the next move anyone can do to keep doing the rental business because I know that the new reform go to affect the rent profit but something have to be able for do

Post: Some before and after photos of my current project..

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

wow!!! but tell me something this gonna be your residential right? excellent job wish I be your tenant 

Post: Upside down property

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

you are right guys I really appreciate your help

thanks so much

Post: Upside down property

Amauris LoraPosted
  • Bridgeport, CT
  • Posts 38
  • Votes 8

Thanks so much for take time to add knowledge to us 

So I was thinking on maybe take it on subject to and just pay the tax liens after I fixed it up and try to get a mortgage or something else

How sounds that?