All Forum Posts by: Carlos Joel Garcia

Thank you Joseph for your kind response.... I will follow up with this company today.  

Looking for Commercial Insurance for a Multi-unit (5 apartments / 1 commercial space) in zip code 07087.  

Well, all of these comments are excellent feedback. BP should be looking at these comments and start thinking in this market. Imagine brokers get a free membership or some sort of ROI if their posted property sale through BP.

Come on, these companies know they have us in a tight corner, as a community, we have to start thinking outside the box.  

Thank you

Investor

Thank you all for your responses.  Here is the case:  6 Bdr, 2 bath, 2 dinings, 1 Living Room, Victorian in one of the most expensive areas in town.  College Hill next to Lafayette College in Easton, PA

Cost of Property:  $170,000

Appraised ARV: 375,000 low end with $425,000 high end

Renovations:  91,000 and will take 6 month to completion

$60,000 In liquid assets, Credit scores between 690 and 730

Projected Net Profits are $100,000, in my estimates, this is a HOME RUN!!

Your comments are welcome

We have recently started working with a Hard Money Lending Company called Flip Funding, which we found on this site.  Has anyone worked with this company before, and if so do you have any feedback that could be helpful?  We are in the process of purchasing a home that is time sensitive and with the amount of time they are taking in underwriting we could have gone with a Conventional loan.  I thought Hard Money Lending is to speed up the process so you don't miss out on the deal.  

This a common question which applies to unique situations.  I rent a 2 bedroom home in 4 acres, house and garage for 850.00 in a beautiful country setting close to city in rural Bangor, PA.   Water, sewage, garbage disposal included.  It gives me the space to store all of my flipping materials, tools etc.  I strictly flipping at this point and find it hard or impossible to find a similar property in surrounding areas.  Taxes alone would be equal to the rent I am presently paying for the type of setting I am living in.  No children, and growing the business.  In my situation, at the present time, it is ideal!! the idea of owning, unless I am using  the property free and clear as a equity line of credit to leverage other properties, is not in my best interest.  Thank you for posting

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*This link comes directly from our calculators, based on information input by the member who posted.