All Forum Posts by: Deborah Wodell

I sent a message! 

What's the problem with the appraisal? 

Hi Rob,

Thanks for sharing the details of your situation! With a credit score below 600, it might be tough to find a lender willing to go as high as 75-80% LTV for a cash-out refinance. Most lenders tend to offer lower LTVs at that credit range, which could make the numbers less favorable for you.

One option to consider is taking some time to improve your credit score. Even a small boost can open up better loan terms and higher LTV options, which would make a significant difference in your cash-out potential.

Alternatively, you could look for a partner with strong credit who can help secure better financing terms. Partnerships can be a great way to move forward on deals while working on your credit.

Hey everyone!

One of the trickiest parts of flipping houses, at least for me, has been figuring out how to accurately estimate rehab costs. It feels like there’s always a surprise—whether it’s skyrocketing material prices or finding something unexpected during the demo—that eats into the budget and profits.

I know there’s always more to learn, so I’m curious—how do you approach rehab budgeting? Are there any tools or strategies you swear by? And what’s one mistake you’d tell someone new to avoid?

Let’s swap tips—I’d love to hear your thoughts!

Hey Kyle, refinancing might not provide significant benefits at the moment, especially with rates where they are. Since your goal is lowering monthly payments for better cash flow, it might be worth focusing on reducing expenses elsewhere or exploring other investment strategies. Keeping an eye on the market for a rate drop could also help you find a better time to refinance. I'd suggest keeping an eye on the MBS market, as suggested by others, and possibly speaking with a few lenders who specialize in VA loans when the timing is right. Best of luck with your journey!

not possible! 

It looks like you've got a solid plan in place for your duplex investment in Indianapolis. If you're looking for fast, flexible funding to close this deal, a hard money loan could be a great option. With your exit strategy to refinance after six months, this type of loan can help you get the funds you need quickly and give you time to refinance once the property value increases. 

It sounds like you have a strong understanding of your market and goals, which is great! 

If you're aiming to build a portfolio, consider working with a lender who understands your strategy and is willing to provide funding for multiple deals, as that can save you time and hassle as you scale. Also, since you're in a high-demand area with good rental potential, keep an eye on local market trends to make sure you're always ahead of the curve when new properties come up

Sent a message! 

Hi Wade, fix-n-flips can still be a solid investment in North Florida, especially with Jacksonville’s growing market. Focus on undervalued neighborhoods with potential for appreciation and partner with an investor-friendly realtor who knows the area. With your construction experience, ensure you stay on top of renovation costs and timelines to maximize returns.