All Forum Posts by: Casey Nelson

The 8% is not from my private guy that’s what I am pre approved for with 203k loan… my private guy is gonna do it for next to nothing maybe he will accept couple 1000 from me but he told me time and again he wants nothing if it is a short term.  he just wants me to get started. And see me succeed.  

Hey Erik

I have amazing credit 

I can get funds and do full rehab per my private guy 

But with 8% at 200k the piti is about what I can charge for rent to keep it affordable.  Can I ask $2000 for rent yes. But I want to get $1500

Housing market is crazy where I am at and I don’t want to gauge people. 
five years ago this house would have been $70k

Got a deal on a house

$150-170k

Realtor gave estimate for listing at $199k

Arv is $285-$315k

Trying to figure out how to swing it 

Scenario : guy I know will front the cash to me to buy it for a cash deal but short term loan basically. 
I need to pay him back 

How would you go about it ?

Already approved for $200k 203k loan but interest is 8%

Goal: get 1st rental (already got a client to rent it for $1500 a month)

How would you proceed ? Open for opinions 

Funds is what is holding me back. Have I think one investor that’s willing, have four off market properties that need slight rehab and have been rented for awhile but are getting kicked out because they are up for sale.  
I have smarts and knowledge and good salesmanship, plus my w2 job I pump septic tanks and do inspections. 

My local town I am in prices are way way to high. 
juat trying to snag my first buy and hold desl.  
two years ago did a fox and flip and made great money but should have kept it because the equity was there 

75k into 227k. But I was young and dumb. 

Awesome 

Thank you very much 

And good morning to ya 

Dm sent 

Send them my way please always like looking for stuff on market and of course off market.

I have a private money lender in my back pocket  just trying to get started.
I guess I can’t post my email on here 

Hey Cody,

No I want to buy and hold and get some rentals under my belt. 
trying to find my next one actually, wholesaler has a few in Spokane but I don’t feel like I want to deal with Washington politics lol

I have rehab experience as well and all tools. 

Hello

I am from northern Idaho Bonner’s ferry/ sandpoint area. 
newbie in the game only have one deal under my belt but always looking for the next one