All Forum Posts by: Cameron Foster

@Eric Armstrong Thank you I appreciate the help.

@Odie Ayaga I am looking for short term loan between 13-18 months and then refinance the loan into a 30 year mortgage.

Hello BiggerPockets, My partner and I are looking to finance our first rental property and our best bet for financing is Hard Money Lending. If anyone has any recommendations on reasonable/ reliable hard money lenders in or near the Delaware area, it would be greatly appreciated.

@Tom Parris Thank you. We did as you said and found no previous violations. Hope to put an offer in later this week.

@John Teachout The wood is attached to the old metal roof but my and my partner found the permits and the building has no violations. So it looks like we’ll be in good shape. Thanks for the help.

@John Teachout they didn’t built another floor on top of the existing roof, it was an extension. This extension has a roof that is higher up and runs the opposite direction so the higher roof is framed on top of the existing roofs peak. When you go into the attic you can see the existing roof with the rafters of the new roof tied into it.

My partner and I have found a potential triplex with good bones and great potential but we have one concern about the addition that was constructed. The previous owners added to the second story but did not demo the old existing roof. Instead they decided to frame the new addition directly to the roof of the original house leaving the roof exposed in the attic of the new addition. I was just wondering if anyone has ever seen this before and if so was it a big issue?

@James Masotti Okay sweet I will definitely look into them. Thanks for the Info.

Looking for Real Estate Investing clubs in the northern Delaware

@Mark S. Monthly income is 2400, interest is 11%, and for a 6 yeah loan of 13,000. Payments are 245 but I have to pay 375 just for the insurance