All Forum Posts by: Dmitry Ratmansky

Hi. How do you guys calculate cost of rehab. I have a house that needs full rehab. 1400sq ft 1 bath. Needs new kitchen , new bathroom, new walls (May need insulation).

Thank you

I got you. So you just kept it in your name and got good liability insurance

@Anthony Wick

I know it's a risk. But i never heard that banks actualy doing that. As long as you are paying the mortgage.

What if you purchase 3 family with fha loan then move title to LLC. Is it a good or bad idea?

@Fred Shatzoff

Ok Fred. I will call you after 4est.

@Fred Shatzoff

Yep. It's a package deal.

1 is 3 unit residential and another 5 unit commercial

@Fred Shatzoff

For the commercial 5 unit or the whole thing?

@Fred Shatzoff I don't own it yet. I want to buy it. I was suposed to do it with overseas parthner. But i am not sure if it will pen out. So I am exploring diferent options.

@Fred Shatzoff @Nick Schoch

It's in Carbondale PA. 2 properties

1. 3 unit 100k Net 18%

2. 5 unit (2 buildings)100k approx. Net 19.5%

@Saravanan Saravanan

Is it easier to refi 5 unit commercial vs getting new loan?