All Forum Posts by: Drew Perkins

Also, Where is the property?

Hey Jay,

What type of cash-out refi?  What type of collateral and loan-to-value are you looking for?  Cash-flow look good?  I'm former banker that used to approve deals and use several different places for my deals but each of them have different appetites right now.  Let me know and I can make some suggestions.  

Thanks

Drew

Correct, what I've heard is that it's only if you continuously are applying AND opening new credit in a short time period that it can negatively affect your score.

@James Allen.  I grew up on the north side of Atlanta in Dunwoody but have been investing in Dekalb County over the last 5 years.  My business partner, who is still in town, and I have bought up single family homes in Lithonia, Decatur, Stone Mountain, and Ellenwood areas.  We've rented them mainly section 8 which has provided great cashflow and we've seen some great appreciation in the last 24 months.  Also, renting section 8 allows them to rent in a matter of hours instead of weeks.  If you'd like some more information and/or advise if you choose to go in that direction feel free to reach out.

Good luck!

Hey Shawn,

Welcome to Louisville.  I am local Real Estate Investor/Broker with my own Real Estate Company.  I'd be happy to chat with your questions.  Will send you message.

Thanks

Drew

Hey Fred, I don't have anything available but will keep my eyes and ears open for you with other investors.  Thanks

Hey Brandy,

Welcome to BP and the real estate investing side.  I've been doing it for 8+ years and am also a licensed Real Estate Broker in Louisville,  Let me know if I can be any help and point you in the right direction with questions you may have.

Thanks

Drew 

Hey Jeff,

Welcome to BP and real estate investing.  I've been real estate investor for 8+ years and also licensed Real Estate Broker.  I'd be happy to chat with you about some opportunities here as well as point you in the right direction with any questions you might have....

Thanks!

Drew Perkins

Rafael, I agree with Ralph.  Full disclosure, I don't know anything about the Las Vegas market but I'm not sure how the numbers work for a buy and hold investor.  To even cashflow and conservatively have some money left for repairs and vacancy the buyer would have to put 25-35% down and that wouldn't get many people excited.