All Forum Posts by: Dawn Crudup

@Michael Ablan thank you so much! I will get on that tomorrow. I just became an agent in NJ and that’s good info. Thank you!

My husband and I bought a home, hoping to make it a live in flip for 2 yrs then sell it. This house was in way worst condition than what we thought, of course. We have decided to flip it but are having a hard time deciding how to finance. My husband is not really against hard money and I think that’s the best option right now. How else can we fund this flip other than credit cards? We know we have a good property because we received 2 offers from investors to buy the property from us for what we paid for it... but we are not dumb. We both work like crazy and we have a baby so we would do the work ourselves but we don’t have the time. We paid 275 and the house appraised for 297 with no work, so we def have equity. We just bought the property a month ago so we can’t refi or take out any equity yet. We need about 60k. We are lost!

@Hillary Gries thank you so much for your help. We are currently waiting for the agent to get back to us. The lender said they can schedule the appraiser for Monday and everything will stay on schedule. Staying positive that it will all work out! 

@Chris Majors yes, we do have an agent, but she’s a dual agent so I feel we are not in an ideal situation. We’ve contacted the lender and they said if it’s fixed this weekend they can get schedule the appraiser for Monday. Thanks for your help!

@Dan Turkel Hi Dan, I passed the state examine and have already signed up with a brokerage! Can you keep me posted about the next meetup, my husband and I would like to attend. Thank you! 

@Brent Coombs No. I do not think our mortgage coordinator even saw that in the appraisal because he didn't say anything at all ( he's getting married this weekend, so I think he's mentally checked out). We did not bring up the FHA 203k because we've heard some bad things about it. Do you think it's too late to ask about the FHA 203k or to switch to a conventional, or even paint the garage to be able to close next Friday?

Hi, My husband and I are in the process of buying a fixer upper through a FHA Loan. We just got the appraisal back and while going through it the appraiser noted that it doesn’t not meet the guidelines for FHA because of peeling paint on the garage door. The appraisal has not gone to underwriting yet. From experience is there a way we can get a ahead of this? I would hate to lose the house for this reason. We are willing to paint the garage ourselves if we have to and if the seller allows. I searched the forums for something similar and couldn’t find anything. Has anyone had this issue? We are supposed to close on Dec 22, 2017.

Hey Dan, I’m brand new to BP. I would love to attend this Wednesday, but unfortunately I cannot attend this meet up. I will be getting my fingerprints done( I’m taking my real estate license test this Saturday). I hope to make it to the next one and hopefully I will have my license by then. My husband and I are looking to start investing in real estate and we would like to network with people who are currently doing it.