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All Forum Posts by: Andrea Chester

Andrea Chester has started 13 posts and replied 32 times.

Post: At a loss on how to fund my next deal

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6

I'm at a loss on my best options on financing our next deal. We currently own two single family homes on a VA loan. One is our primary residence and the other is a rental. I inquired about refinancing the rental and could pull about 50k of cash out but would cost 13k of fees/closing cost plus increase our interest rate by 1.5%. We don't have enough cash to put down on a conventional loan. We've asked friends and family about partnering, however, no takers. I've always heard syndication is typically not for beginners and hard money should be a last resort because of how expensive it is. Any ideas on other creative financing ideas? I'm open to anything.

Post: Tax lien on an flip house

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6

After inquiring about a small single family, the realtor told me there is a tax lien on the house. Is there a way to find out how much it is? From what I’ve read these are public record but I can’t find the details anywhere.

Post: Tenant screening -everyone?

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6
We are starting our first rental property and have just start screening tenants. Do you typically make all adults (a couple, etc) pay to apply? What if one persons income/credit score qualifies alone?

Post: BIGGER POCKETS MEET UP

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6
Hickory tavern would be great or I initially thought Resident Culture Brewery in Plaza Midwood. My husband and I are free this coming Monday if that works for anyone else. If that’s too soon, my schedule is pretty flexible and we can plan a few weeks out. Thoughts everyone?

Post: BIGGER POCKETS MEET UP

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6
I’m in Charlotte and my husband and I would love to meet up. What area are you in? Let’s find something central for everyone. I’m just north of Matthews so most everything is 15-20 minutes.

Post: Mission Accomplished: Becoming a Millionaire Before 30!

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6
Congratulations! What an incredible story. It helps light the fire under my ***! Hopefully I’m right behind you!

Post: Best rental area in NC & *Ideal* rent range

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6

I agree.  We are interested in purchasing some home to flip in Belmont and would essentially break even every month. 

Post: Meetups in North Charoltte/Lake Norman Area?

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6
My husband and I are new to BP and looking for investments around Charlotte. We are looking to buy and hold single family homes in the many up and coming neighborhoods. If you’d like to meet for coffee or lunch please let me know.

Post: Seeking New Construction Cost Details from a Supt or PM (barter?)

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6
We are just getting started in investing here in Charlotte. My husband and I don’t have any recommendations of contractors but would love to get together for lunch or coffee. Maybe we can put together a deal or just chat. Let me know if/when you’re free.

Post: Lousy short term cash vs awesome long term gain

Andrea ChesterPosted
  • Rental Property Investor
  • Charlotte, NC
  • Posts 35
  • Votes 6
Can you explain this more? I’ve never heard of it.