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All Forum Posts by: Daniel S.

Daniel S. has started 11 posts and replied 19 times.

Post: Des Monies, IA Contractor Recommendations

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

Good Afternoon- I have a house that needs to be completely re-wired and ductwork replaced. Does anyone have any recommendations of a licensed contractor that charges reasonable rates that can pull permits to complete this work? House is down to the studs inside ready for them to go.

Post: 1120 C-Corp or 1120s S-Corp- Which to choose

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

I am going to be flipping about 3-4 houses annually and looking to acquire 1 rental property annually as well. I am trying to determine if forming an 1120 C-Corp or 1120s S-Corp will provide the best benefits? I am also looking to obtain bank financing on the rental properties which will be held under the business name and not under my name personally if that influences any opinions.

Thanks for the help!

Post: Refinance Investment Property

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

I heard back from PenFed and they loan up to 75% of value on an investment property refinance.

Post: Refinance Investment Property

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

I just sent an email to PenFed earlier this morning. I will post back what I hear from them.

Post: Refinance Investment Property

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

Thanks Cody! I am a military veteran so I will reach out to USAA to see what they offer. Thanks for that recommendation!

Post: Refinance Investment Property

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

I have a rental property that I want to refinance. Are there any lenders anyone is aware of that would loan up to 90% of appraised value?

Post: Abandoned Vehicles on Property Purchased

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

Thank you both Tom and Jered! I can tell by old pictures on the county assessor page that they have been sitting there for at least 5 years. I will try putting them on craigslist first and see how that goes! Thanks for the ideas!

I think I will also call 1-800-Got-Junk just to see if this is something they could do and what they would charge for future reference as well.

Thanks!

Post: Abandoned Vehicles on Property Purchased

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

I just purchased a foreclosed property in Des Moines, Iowa that has an abandoned car and boat on the property and wondering what I can do to have these removed? I don't have title so many places I have reached out to won't take them without title.

Post: Recommendation on General Contractor

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

Good Morning! I am a fix and flip investor in Des Moines, IA and trying to grow my business. I have my current contractor completely busy and looking for a recommendation for a good contractor I could use for new properties I am looking to take on. 

Thank you!

Post: Private Money Lender Needed

Daniel S.Posted
  • Investor
  • Des Moines, IA
  • Posts 22
  • Votes 3

Hi, I am looking to see if anyone is able to or knows of a private lender that would be able to fund a deal? Here is a brief breakdown of the deal:

Purchase Price: $65,500

Rehab: $43,000

ARV: $155,000 - $160,000