All Forum Posts by: Chris Witham

Looks good.  Nice work! I’m looking for my first Brevard deal and this is great to see. Numbers look great! I have all the necessary puzzle pieces in place just waiting for an offer to be accepted. 

Same problem here. Following...

I live in Merritt island just over the bridge from cocoa. Aspiring investor here. Have funding just looking for the first deal while my house is being remodeled. If I can help let me know. 

In Florida the difference in price for a property with central air vs one window units is huge. I can’t help but wonder if it is worth it to buy these properties and add it after the fact. More specifically two of them to a duplex I have been considering making an offer on. Has anyone done this before? Any headaches or issues with this? I plan to reach out to A/C installers to get an idea as to how much this could cost me and if it is even doable. Thanks for any insights. 

Congrats on the deal. I’m looking for a similar deal in Brevard as well. Best of luck and keep us posted. 

@Christopher Scaffa family member financing is not an option at this point but thank you for sharing. @Austin Ojimgba message sent. @Matt Hall message sent thanks all. 

I am about to make an offer on my first BRRRR deal. I am guessing a fairly light rehab at a total of $25k-35k depending on the level of improvement I go with. ARV in the $185k-190k range. My goal is to get in to the deal and get it rented fairly quick then refi in to a conventional 30 year fixed. What I am looking for is suggestions for how to get the initial funding for the deal. I have 20% available if necessary for down payment toward the cost of the purchase as well as the rehab costs. I have a sub contractor that I have worked with before that I trust that would do the majority of the work and others I have networked with. I was hoping to avoid a GC and just hire subs myself. My credit is good and DTI is very low and I could easily float the mortgage with zero tenants from my w2 job and still have good debt to income ratios. Any suggestions on how to secure funding for the deal? Who to contact? Is 20% necessary or are there options for less of a down payment? I am not familiar with hard money or private money but those types of relationships seem to be the way I should be looking to develop relationships for future deals. Also I have heard that conventional rehab loans require a GC and I would like to avoid that. Location is Brevard county Florida. In accordance with BP rules I am not asking for a lender to make an offer simply looking for some direction on how to proceed. Thanks to anyone who can help.