All Forum Posts by: Campus Johnson

My wife and I are about to purchase a house that is in bad shape. It's a total remodel. We would like to purchase this property in our LLC name, which we never did before—-though we have transferred a property into the LLC's name. We're looking at different financing options. We're hoping that we can find a lender you will also loan us the money for the rehab in addition to the loan for the property.

@Bradley ShowalterThank you. So if the house in question is the collateral for the hard money loan, then a lender will not be able to refinance me out of the HML?

Can I refinance out of a hard money loan?

At what point does it make sense to flip a house since you pay a lot in capital gains? I’m still trying to understand the concept of flipping. Can someone please give me an example including capital gains in the numbers please. Thank you. 

Thank you. 

How long would I have to wait to refinance out of the FHA loan? Thank you.

If I put 3.5% down on a FHA loan, will my mortgage payments reflect a low down payment or will FHA treat it like I put 20%? Also, if FHA doesn't treat 3.5% down like 20%, would I have to get mortgage insurance?