All Forum Posts by: Brad Fithian Jr

Multi words are spelled solid unless such a spelling makes for awkward reading. 

That was my best find, but it honestly sounds like it doesn't matter if it has a hyphen either.

Welcome to BP @Sylvia Kuzminski

I would highly recommend checking out the "learn" tab and listening to the podcasts. They are very helpful and informative even if what is discussed is not your preferred niche. They get your mind thinking real estate and how the whole thing works. The Ultimate Beginner's Guide is also an excellent start. I am fairly new myself but what I can say is do not undervalue the education process of real estate investing. Here is a list of books to get you started. I have not personally read them all but they come highly referred by all the great people on BP. It may take some time but it is well worth the wait. Find how you want to invest and look for a mentor who has specific knowledge of what you desire to do as an investor. Blessings!

As @Bill Gulley wrote, lenders will have title seasoning that might require a time delay before you can do a cash out refi. You should be able to do rate and term refi if you choose, but then why wouldn't you have just bought it with financing instead of "sub to" (assuming it needed nothing major as far as repairs)?

@Steve Babiak

Thanks for the comment, and to answer your question, yes, the one unit would need major repairs, so that is why I assumed the sub-to would be ideal.

@Bill Gulley

Great. Thanks for the information!

I have been reading all that I can on subject-to deals and I still have yet to find an answer for this question.

Are you able to cash-out refinance a deal that you acquired subject-to?

This deal is a duplex where the rehab of 1 unit needs to be completed and the other unit just minor repairs. Let's say the you acquire the property subject-to, renovate, and cash-out refinance based on the added value of the renovations. Pay off the existing lender and the renovation costs, then proceed with a normal buy and hold strategy renting the units out.

Could this work in theory?

Thanks for the insight!

@Account Closed says it perfectly. Start taking action, which is exactly what I need to do as well and get that first deal done! Blessings in all you do!

@Eleena D. Welcome to BP! I am close by, right in South Jersey. As you probably already know there is a wealth of amazing information available here at your fingertips. I have very similar goals and also want to get past the analysis paralysis and start purchasing properties this year. Good luck with everything!

@Colleen F.

Great! Thanks for the help.

@Matthew Paul

I am not sure about separate boilers or not, or even about separate electric meters. I have not seen the unit yet, but thanks for the tips! I will consider these when I take a look at it.

@Tom S.Thanks for the info! I will look into that rebate potential or an insepection and seller credit. Very helpful.

Thanks @Roc P. Thanks! That is a very good point.

@Stephen Masek, I have not seen the unit yet, but that definitely would be something to consider. Thanks!

@Brian Rossiter

Thanks for the extra info.