All Forum Posts by: Andrew Postell

@Dean Weltman just Private Messaged you.

You are both welcome @Andy Webb  and

@Stuart Chinworth.  Did you see this article too? Forbes best cities to invest in 2017

@Joan Brown Ok, that sounds normal.  I was a little confused by the 15/20 reference in your initial post.  But yes, conventional loans on an investment property do allow 15% down and you won't likely find more generous terms than that.  Thanks!

The Dallas Metro area is booming but it looks like Jacksonville, Florida is in a close 2nd.  What do you think? Where To Invest In Housing In 2017 according to Forbes

@Sandrine Rangeon this sounds like you own this property already?  Why aren't you thinking of just using a conventional cash out loan?  Hard money loans serve a great purpose and fill a BIG void for investors but for what you are describing it sounds like you should be able to do a conventional loan.  If I am misreading this then let me know and I can leave more accurate info.  Thanks!

@Samson Tefera your first flip or your 100th flip, hard money is a good tool to have at your disposal.  As you progress you may have lots of other options but there are a lot of "seasoned" people that use hard money.  It's another tool to have on your tool belt.  

@Brad Nichols help me with the understanding here.  The attached 2 story-townhome is one building in total?

@John Claborn it sounds like you are talking to portfolio lenders. Is there a reason for that? Conventional guidelines allow a 30 year fixed rate on an investment property. Conventional loans allow to refinance on the ARV on the property as well. Let me know if there's something else to consider and I can comment more. Thanks!

@Charles Trussell Personal Guarantee Loans, Home Equity Loans, Cash Out Refinance Loans, Credit Card Loans, loans from family members, etc.

@Anthony Wright these questions are so specific that I would highly suggest consulting a tax professional.  The up front expenses you incur prior to a property being "Placed in Service" are usually capitalized.  Big ticket items such as structural, roof, and HVAC repairs also fall into this category. In 2014 the IRS set out a large set of rules defining capitalization vs. deducting expenses and there are so to review it's a full time job.  Thus the reasoning for a CPA.  If you do have depreciation  it does help you a little when it comes time to qualifying for a conventional loan.   So based on your scenario you may choose one path over another.  Hope this helps some.