All Forum Posts by: Andre Taylor

Yeah @Anthony Liguori can't go wrong buying in the midwest and south..... NJ won't ever see those prices.. yall have too many millionaires in that state :)

Congrats @Kole Halladay !!!!!

@Dushyant Patel when I refi I had owned the property for more then 12 months... It took me a while because at the time I was living in Vegas and flying back and forth to do work

@John S Lewis call your credit card dept and asked them for special rates... if you been a customer for a extended period of time.. they will have some special offer for you

@John S Lewis I didn't I was charge the 3% transfer rate. That cost you have to factor into the budget

@Whitney Hutten I kind of played GC.  I have a Plumber, Roofer, Masonry, Handyman, Electrician,and HVAC contractor that I been working with for years on my properties. 

I own in South City and I enjoy the cash flow and the good returns on appreciation of my properties. Do see a more emphasis put on bring the city life back as you see developments happening in Central West End and Downtown area. As some of the other post stated you will see people moving out of the high end places on the coast and come back to the midwest for inexpensive living. STL is steady on its numbers but if it can ramp up the social light more and bring more companies here then we will be good.

I done a BRRRR on my 4 Plex this past December. This property need a everything. 4 updated kitchens, Baths, all new HVACS, New Roof, 34 new windows, all new plumbing. I got it for $80k; put $90k into it and it appraised for $220k I used Busey Bank to do my cash out refi. Here is an before and after of one of the kitchens

@Jasraj Singh go to your lender and tell them you want to do a Cash out Refinance and its better to go through a local bank

Exactly!! For instance a bought a 4 Plex... for $80K. I knew the ARV was anywhere between $220k-$230K. I put $90k into it and got appraised for $230k so I was able to pull my money back out to pay the rehab loan off and now I have an updated property that I can get premium rent for plus I still have equity into it if I ever choose to sell it.