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All Forum Posts by: Chris C.

Chris C. has started 4 posts and replied 13 times.

Post: Self-employment through LLC

Chris C.Posted
  • Norfolk, VA
  • Posts 13
  • Votes 3

Hi all,

As I cannot get a conventional loan through an LLC, could I qualify for a loan listing myself as an employee of my own LLC, and then use that income to qualify? Thanks

Chris

Post: Today's plan: make an offer

Chris C.Posted
  • Norfolk, VA
  • Posts 13
  • Votes 3

rentometer.com

Post: Business strategy

Chris C.Posted
  • Norfolk, VA
  • Posts 13
  • Votes 3

How do you flip houses working 60-70 hours a week? 

Post: Ughhhh slumlords!!!!

Chris C.Posted
  • Norfolk, VA
  • Posts 13
  • Votes 3

Where is this property? Just curious.

Thanks to both of you for sharing your experience on this project!

Post: How I went over budget by 70k on a rehab.

Chris C.Posted
  • Norfolk, VA
  • Posts 13
  • Votes 3

Thank you for sharing your experience

Post: My plan, constructive criticism?

Chris C.Posted
  • Norfolk, VA
  • Posts 13
  • Votes 3

Curt,

Where do you find hard money lenders who will do 0% down? Those at least in my area or that I've looked into all want 20% of the purchase price.

Post: Most creative deal?

Chris C.Posted
  • Norfolk, VA
  • Posts 13
  • Votes 3

Where do you find a hard money lender willing to finance 100? Those I've checked out want 20% of the property purchase price upfront, plus points etc.

Hi all,
Still looking for my first multifamily...Seven months into the search. But no purchase is still better than making a bad one, right? I'm looking at a fourplex now, 2 2-bedrooms, 2 3-bedrooms, with no central ac. In each main area there is an existing window a/c unit. My question is, do apts with no central ac rent for less than those that do? (Of course?) Would any of you buy a rental property with only window a/c? (Depends on the deal?) And if so, then should I also supply a window unit for each bedroom ( I would provide one for the main area), or let the tenant supply their own? Would it affect the rentability if I did not outfit the bedrooms.

Thanks,

Chris

Post: Buying from wholesaler

Chris C.Posted
  • Norfolk, VA
  • Posts 13
  • Votes 3

Steve,

What is the average cost for builders risk/vacant property insurance?