All Forum Posts by: Christian Hanus

 Thanks Carlos!

 Thanks Charles!

Hello,

I've run into a problem and I'm wondering if anyone else has run into this and how you were able to solve it. I'm looking to do a conventional owner occupied loan 5% down and flipping the house while we live in it. The problem is that my current home that I live in which also has a 5% conventional loan on it is worth more than any house I'd be looking to move into and flip. Apparently UW's would have a hard time justifying why I would be moving from a more expensive home into a cheaper home (and likely not as large). Has anyone run into this and how did you solve it?

Thanks Kerry

Hello Bigger Pockets community,

This has probably been answered a number of times but I'm just having trouble finding out the right way to word this to search in the forum history.

When investing in an out of state rehab at what point do you get a general contractors to bid the rehab? Is is something you'd do after getting it under contract or when the deal is on the market still? I would hope that I can get them to bid a deal prior to getting under contact without having to go out there personally.

Thanks in advance.

Obviously late to the party but just starting to learn more about real estate investing on a personal basis and had a question that would fit in this thread. So when doing a cash-out refinance on a hard money loan, the bank is willing to also give you a better rate than the hard money lender and not keep the same rate in place from the hard money lender? Essentially giving you the benefits of a cash-out refinance and rate and term (minus the term part)?

Regina,

I'm in agreement with what the others are saying for all the same reasons. I'd go for the down payment on the house rather than paying down debt, best of luck on your endeavors!