All Forum Posts by: Brandon Graham

 Thanks Dave.  Yeah, I have excellent credit and a heloc at $20k. I only have a couple of cc's.  Thinking about getting a couple more just to increase the amount of credit and for the perks. 

Hey Dave thanks for the taking the time to give me some advice. To answer your question about a biz cc, no I don't have one. But I have been curious about obtaining one. However, I do not have any LLCs or any other entities other than myself. I imagine I would have to at least have open an LLC in order to obtain a biz cc? I honestly don't know a whole lot about this sort of stuff just yet. But I'm constantly educating myself. I would like to obtain some biz credit, so do you have any advice as to hey I can start the process? Thanks again!

 Thanks for the advice Anna! I'll keep that in mind next time I wanna go the conventional route. But for this particular deal, it has to be a cash deal.  

 Thanks Andy for reaching out. I sent you a message. 

 Thanks Amanda for the advice. Yes, as a matter of fact, just looking for options today I happened to stumble across delayed financing here on BP. It seems like it would be my best option. But doesn't delayed financing give you all of acquisition costs back? That's what I'm hearing just as long as it will appraise for that amount of course. 

 Helly Kerry, thanks for responding, but the seller doesn't want to seller finance. Trust me, I tried. lol

 Thank you Jabari for your insight. Will consider going that option. 

Hey everybody, I have found a great deal in my hometown of Columbia SC. It's a duplex that's listed for 50k. The sellers are motivated to sell. The property already has two tenants which yeilds $1170 per month. So the cash flow is definitely there. Rougher neighborhood but a side of town I am familiar with plus I would have a property manager managing the property. I want to go the HML route but I just cannot find a company willing to loan for under $50k and most cases $75k. Plus the property doesn't need major rehab work which kind of rules out the BRRRR method. It's essentially turnkey minus the usual maintenance such as new carpets and paints. My question is should I just try to find the money, pay the cash, then immediately cash out refi? Because I do have a heloc but it's only for 20k. I would have to take out a personal loan plus some cash reserves but I honestly think that this deal is worth it. Or do you know of any other ways that make sense? I don't think that conventional loan route will work because I think that the seller wants to sell quickly especially at this great price. I would love to be able to find a HML lender willing to loan so that I may refinance after the seasoning period. Any suggestions? Thank you in advance for your help!

Hey everybody, I have found a great deal in my hometown of Columbia SC. It's a duplex that's listed for 50k. The sellers are motivated to sell. The property already has two tenants which yeilds $1170 per month. So the cash flow is definitely there. Rougher neighborhood but a side of town I am familiar with plus I would have a property manager managing the property. I want to go the HML route but I just cannot find a company willing to loan for under $50k and most cases $75k. Plus the property doesn't need major rehab work which kind of rules out the BRRRR method. It's essentially turnkey minus the usual maintenance such as new carpets and paints. My question is should I just try to find the money, pay the cash, then immediately cash out refi? Because I do have a heloc but it's only for 20k. I would have to take out a personal loan plus some cash reserves but I honestly think that this deal is worth it. Or do you know of any other ways that make sense? I don't think that conventional loan route will work because I think that the seller wants to sell quickly especially at this great price. I would love to be able to find a HML lender willing to loan so that I may refinance after the seasoning period. Any suggestions? Thank you in advance for your help!