All Forum Posts by: Fernando Marquez

I have a property that is full rehabbed looks great but in a rough area of town.

I purchased the property through my wholesaling process but decided to rehab it.

I have a couple that is willing to put down 20% and pay off in 60 months, the numbers work great.

They will pay the taxes and insurance costs.

I now want to go to my lender and get a loan against the property pull that money out and do it all over again.

Because I will hold legal title till after it is paid off and because I will have my lender on the insurance policy how do i structure this deal and what is this type of deal actually called?

The contracts that I have seen that were contract for deed with owner financing do not exactly cover what i want to do with going back and getting a loan to pull out money from the property

Thanks

Dd you ever find a GC?

I have used HD cabinets for all my rentals and they work just fine. I measure them myself and sit down with the HD planners and get it done that way.  I have used several of the different stock cabinets.  They work perfect for rentals.

thanks

thanks

In the process of doing my first BRRRR on a dulplex and need to line up property engagement and looking for recommendations.

Any suggestions will be appreciated.

Thanks

Fernando

great, thanks for the info

I appreciate the feedback

thanks

I have a small house , not very expensive and a not so good area.  Rent is $500 and I bought the house to wholesale it but it was a good deal and the renter has been in the house for 8 yrs.  The Oct. payment was late by 1 week and the Nov. payment was 2 weeks late and she paid the $50 late fee.  As of this writing she has not paid for Dec. and has not answered any of my calls or responded to any of my texts.  I am just trying to get her to respond and work something out and have told her.  I even sent her a letter, but nothing.  I have no idea of the eviction process in this area and need to learn.  Aside of hiring an attorney can someone provide the best approach or guidance on this possible eviction?

thanks

Kansas City is a great place in invest in multi-family homes, all you need is a pro account and ask all the questions you can as people on here will help you as much as possible.  Use the calculators , view the webinars, read the articles etc.. Good luck!!!