All Forum Posts by: Camile Case

@Himanshu Singh What's your FICO? You can possibly get in the 5's with a high FICO.

@Farhan Javed Study study study and take a crash course to ensure you pass the first time. Once you pass you can have a Brokerage with a good training program sponsor, mentor and coach you. Which state are you getting licensed in? Do you need help with the SFH refi?

@Aamir Young Use the Realtor to send you actual market rent comps, you can also use rentometer website to see what the estimated market rents are in that area and compare against the current rent roll. Once you go under contract the first step is an Appraisal that will verify the market rents and your loan will be approved based on those numbers. Do you have a lender for this deal?

@Chrisie Busgith Congrats!

@Nicholas Weckstein Yes, a percentage of the Purchase can be financed and 100% of the Rehab covered with a Flip loan. As a newbie you're looking at 80-85% on the Purchase. 

@Randy Beharry Do you have experience doing major rehab like this?

Yes, feel free to message me if you need further help.

Feel free to message me if you need further help.

They are 100% liable along with you for the loan repayment. You can refinance the loan yourself once the construction loan is complete. You just have to find someone willing to help builder or investor. You can bring another experienced investor on and just pay them a fee, etc. to get creative and get it done - all you need is 1 completed under your belt. Partnership & Collaboration is key when scaling.

@Daniel A richiez Have you tried getting an asset based loan - they do not require W2s, Paystubs, Tax Returns, etc.?