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All Forum Posts by: Dee Brock

Dee Brock has started 11 posts and replied 45 times.

Post: [Calc Review] Help me analyze this deal

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

@Jaysen Medhurst thank you for the reply. I actually have a hometown lender who will do 85% Refi. Crazy right. 

HML guideline have changed last couple of days but I will have to put down 15% minimum for sure. I just have to figure out how to put the 15% in there. Always confuses me.

Post: [Calc Review] Help me analyze this deal

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: Coronavirus and late or no rent payments

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

@Cassi Justiz do you know of any good tax guys/gals out of Oklahoma? I'm in Tulsa and have a few rent houses but now that I am getting serious about buying more I need to make sure my taxes are inline and everything is being done correctly.

Post: where is your break point for a flip.

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

@Will Barnard 

Do you always use private lending? Or have you gotten to the point where you put up your own money. I am trying to decide do I want to use my own money or use a HML? What's your experience tell you?

Dee Brock

Post: where is your break point for a flip.

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

Post: Whole sellers

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

@Kyle Critchnau do you mind sending me the same list. I live in Tulsa and definitely looking to try and buy 4-5 homes this year. 
dee@triohomes.org 

Post: HML questions would anyone recommend a HML

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

Thanks guys

Post: HML questions would anyone recommend a HML

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

So I have been doing a lot of research on HML. Its only taken me 1 week to even understand their lending criteria and the 85% purchase and 65% AVR and blah blah blah ( each bank varies on %)There are so many out there and I am just curious if there is anyone out there who used one and had good luck with them. Low fees, quick funding, no issues on repair draws. I have 2 rentals now, but from what I am being told it still qualifies me in the first " bucket" of newer fix and flipper. I have done 2 conventional loans with mortgage companies. I don't have debt ( other than my auto and open mortgages) have close to 95k in credit cards but they are all at 0 balance...so no risk there. Just looking for recommendations.

Post: [Calc Review] Help me analyze this deal

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

@Tim Herman thank you

Post: [Calc Review] Help me analyze this deal

Dee BrockPosted
  • New to Real Estate
  • TULSA, OK
  • Posts 46
  • Votes 20

@Jacob Sampson let me ask you a question. If you know that the hard money loan is going to only loan 85% of the purchase price would you figure 15% down drop down tab when doing the brrrrr method or leave that out of the equation?

example- step 2  Purchase Loan Details

Down payment of purchase price or Select the loan amount as a percentage of purchase price or provide the actual value.

I put zero in there as money down and just put what I needed the total loan amount to be.. would you do that? or would you select 15% down tab?