All Forum Posts by: Carlos Velez

@Jason M McNamara I got the line of credit. How do I get the 0% check?

Can I buy a house at auction using my line of credit?

All great ideas, thank you people!!!! I may have found an equity partner this morning!

So I have two properties under contract. Both deals will cash flow handsomely but I am buying using my FHA and I don't have enough to purchase the other property using 20% down. I am working on getting a line of credit for the down payment. Also considering private money, what other way can I go about getting BOTH deals. What would you guys do?

Hi guys I just want to know if it is legal to close on a short sale using hard money and then double close to wholesale it out or assign it? If so what is the process when doing this in NJ? (i.e do i have to use my own agreement, is assignment even possible?)

5 property deal in Philly will move incredibly quickly!

1) 171 W Seymour St. Occupied 6BR/1BA (South Germantown)- Occupied

2) 173 W Seymour St. Occupied 6BR/1BA (South Germantown)- Occupied

3) 137 E Walnut Lane 4BR/ 2.25BA (Germantown Morton) - REHAB

4) 2409 N. Dover St. 3BR/1BA (Strawberry Mansion)

5) 1242 West Oakdale St. 3BR/1BA (Glenwood)- Occupied

225k for all 5. Cash or Hard Money Only.

POF required to make offer.

Must be able to close in 21 days.

Agreements not active until EM received.

Unoccupied single family home near a public park in Orange, NJ. Needs about 45k in cosmetic repairs (3 separate GC's confirmed) and the ARV is $195,534. Can provide GC if necessary. Willing to show property. Please only message with serious inquiries. Thank you!

Thanks! @Ryan Blake This was really helpful.

I am in negotiations for a triplex . The asking price is 225k . I want to offer 200 , traditional financing or 225 seller financing . How should I go about presenting the seller financing options to the seller as well as calculating my cashflow if she does not accept interest only payments?