All Forum Posts by: Carrie Herrmann

Do any of you use hard money for a buy and hold? I was thinking along the lines of buy it, rehab it, hold and rent, but refi to hold. Thoughts?

i think we are going to be there!  Thanjs! 

Hi!  Thanks for letting us know!  We will be in Florida!  :). See you all next month! 

I think we will be there as long as I can get a sitter :) ill confirm when I know.  

Is that going to be Monday 10/2 or Thursday 10/5?

I think my husband and I will both be there.  I may bring a friend or two as well.  Thanks!

yes, we have been trying to use Do Hard Money. They have different calculations on there for when you find a house, with price and you add in ARV. So far we have not had much luck finding anything remotely close to what we need to get the home for. We were putting in low offers when we knew what prices we needed to get them at, but none accepted. Just for an example, we found a house, it's listed at 44,9. Even at offering 30, and to repair it with 30-40 K, and selling it at 100-110, we would still need to come up with 8K. I believe the reason for this is fees from the Do Hard Money. I have started working with Funding for Flipping a few months back, but the process for that is something I may not be ok with doing. To my understanding, F4F opens up credit cards for you under 0% interest, and just keeps it going until the money is paid off. This financing things is not super easy to figure out! Does any of this make sense?

I would guess that the market has slowed down a bit with the school year just starting.  Have you tried doing a broker open house?  Having food and inviting agents?  Those are big here where I live, in Northern IL.  Also, social media is big, you could take a video of the home and post it to FB.  Another thing I was just thinking of, if the house is in a higher peice point, those move slower as well.   I hope you get it sold!  

Hi,

Thanks for the reply!  Can you give me aome details about subject to?  Also, the off market properties, are you mailing out letters?  

Has anyone used Do Hard Money? How about Funding for flipping? It seems as though with Do Hard Money we cannot find a cheap enough house. Any advice, or suggestions? Or even other financing options? TIA!