All Forum Posts by: Arthur Schwartz

look into a hard money lender

interesting take.  ADUs are filling some demand.  Newer modular housing will make it easier and cheaper to put up a home

 to look at the property

hire a general contractor to loo a the property.  I'll bet it is going to be a good deal

Jeremiah Jackson at Jackson Law

appraiser

hire an appraise4 specializing in land and zoning.  research with the county if the property could be subdivided.

you have the tools and financial acumen to do a series of what if scenarios.  change one variable at a time treating this as a single property.  vary down payment; ltv; and expected purchase price.  also consider sitting tight and using the cash flow to pay the current mortgages down to zero; you may find that you don't need a new purchase.  let us know what works! 

i'm interested in following this

they get a hard money loan for the property; then they get a draw on a line of credit as they prove to the lender that each item has been rehabbed