All Forum Posts by: Kelly Wali

Make sure you do your due diligence. parks have many rules and restrictions that may stop you from achieving your goals, for example some parks will not allow you to rent, some have a clause stating the space rent goes up each time the home changes hand, age restrictions, pet restrictions and other restrictions will influence your turn around.

Hi I was just wondering if it is just a 8 percent flat fee or are there interest and other fees involved? If it is just the 8 percent it seems like a pretty good deal considering they are coving 100% of the cost.

Everywhere, I am a Broker so I have access to the MLS (multiple listing service) Realtor.com has the same listings only with a 2 day delay. Zillow, Trulia, auction.com hubze, craigslist, and best of all realtors who work the area you are interested in, etc. But please be carefull if you are just starting out it helps to partner up with someone who has been there. As rewarding and profitable as real estate is it is also very risky. I would start by listening to all bigger pocket podcast. Lots of ideas and lessons to be learned there.

I don't mind 3k for the loan fees, at the end I expect to net over 15k in the short term.  Lower priced properties seem to be flying off the shelf in the San Bernardino area, as many  people are getting squeezed out of Los Angeles due to ridiculously high prices. 

-- Getting a fix and flip loan for under 35k seems to be harder than nailing jello to a wall. I came across 2 great deals in the same area, these properties need major work and I am only about 35k short it seems that no one lends less than 50k for hard money or commercial.  Conventional lenders wont touch properties in need of rehab. Properties are in southern California purchase price of less than 40k. I am open to any ideas,