All Forum Posts by: Rolanda Eldridge

@Brandon Turner..thanks for the Bump..

@ Prashant P, I appreciate the response...I'm doing exactly that. It states only select lenders and only a few are in my area. However, Wells Fargo was not on that list..research in progress with 20 lenders.....will post what I find out..thx

Congrats!!! Thomas you are doing it in the ATL..I'm in Birmingham but always visiting. I need to make some trips to look at properties...Good inro..

Best ever..."I can get you the application fee in 2 wks". I'm thinking you shouldn't be looking if you don't have $35 for the app fee..

New approach..drive by property to confirm interest, prescreen, app fee to receive application....weeds out most..

Taking a risk to do the first one after due diligence...ACTION!!!

My iphone. Just some of the many uses when I'm out in the field..

phone, email, research, camera, banking, tracking, notes, calendar and others that I find out how to use daily..

It seems like a simple process and a win win for investors, but does this product really exist for an investor. I spoke with a mortgage broker in AL several months ago who indicated you can't use this product for properties under 60K. Please any insight would be helpful.

1. Have you been approved for HomePath Renovation Mortgage
2. What state did you purchase property?
3. How much did you pay for property?
4. What was the down payment?(20% or 30%)

According to conversation I had with a CPA..
1. Cap 2. Curr(min cost) 3 Curr(min cost) 4 Curr(blinds) Cap(floors) 6 Cap 7..not sure but I don't think you would expense it all in one year..

May trigger audit if too many large ticket items expensed all at once...IRS tip hotline (800) 829-4933..

I'm not new to investing or this site, but I recently started posting. Basically, I have been reading post for the last 2 years..I look forward to adding value for other RE investors

Wow!!! hit the EASY button. I'm waiting for the install to complete..Can't believe its that Easy...NEXT!!!

Thanks all for the great feedback!!

Rob K, thanks for the information. That's exactly what I want to do. I also like the idea about putting the application on there..I will keep you posted on how it turns out...appreciate feedback!!!

Ryan--Yes, I plan to market rentals..I currently manage my properties..