All Forum Posts by: Brian Smith

Thank you for the fast response! Are the HML interest only? What is a normal length? For those that have used them, how scary are they? I may have a couple properties that would cash flow rent (with a little to spare :D ), but they would take a little work and would have a negative cash flow during the remodel.

I am not risk averse, but I refuse to go backwards. I am trying to do as much homework as possible.

Hello,

I would like to buy some property(s) in my local area (Toledo, OH) that are Fixer-Upers. Have been looking around and found a few that would either cash flow or make good flips. I can do most if not all the work myself.

However (yep here it is) I don't have any spare cash to make it happen. Are there any mortgages out there that will give me 100% of the purchase price - or even better some extra cash to make the repairs and rent it out? After 1 or 2 I would be in much better cash position to start a more normal cash down payment scenario. I would expect a higher rate, but not sure what that would be.

I have been reading books, such as Robert Allen's, and reading on here. Hard Money lending scares me a little - especially the interest. I am in a very stagnant (maybe even depressed market). The property values here have not changed for many years.

Figured I wasn't the first to ask.

Hello,

Thank you for providing an informative site for investing in real estate. Is there a FAQ on some of the abbreviations used, such as AVL? Some I can guess, but it would be nice to be sure what they mean. :oops: