All Forum Posts by: Dominique Pradel-Lewis

@Gita Faust great info.   If I want desktop should I do pro plus or premier plus?  And how many properties can I have.  I tried to speak to customer service all they want to do is sell me the online stuff.

Hi guys sorry your experience was bad .  It must be very difficult managing from afar. It's always good to reach out to a local person who can check progress for you or send pictures. PM if your property is not far from me I can check on it for you if you'd like.

It is not a wise decision.  Your heloc  plus all fees associated with it will become due on sale.  I got one in August 2018 and in order to avoid the fees I would have to sell after August 2021.

I also am asking myself the same question as I acquire more properties. Once all the cappex are done I guess I would be comfortable with a lower amount than initially projected 

Strange I didn't realize  that was a thing.  Both  2 and 4 units are considered residential so why would the bank care?

I you are looking to put retirement money aside Roth is the best option since you pay tax now grow it and don't pay tax later. Equity trust has some real info on how to invest with them.  Best to speak to your account about qualified amount. 

I hope there are no bad feelings in the end because it sounds like you used him to get the property and now that you have what you wanted you are ready to dump him.  Discuss and agree to some terms that are fair to both of you and make better choices next time.

There's lowball and what OP wants to offer. In his initial statement his strategy is to offer 25% of the ARV! I have lowballed before but base on a lot of factors. He's running the risk of the seller not wanting to listen to his future offers

duplicate

Would you be able to get it under contract with option of wholesaling it?  And make a few dollars.