All Forum Posts by: Dustin Carr

Thank you, Andrew, for the thorough breakdown there - that was really helpful for me to understand.

Thank you all - the gmail accounts and follow-up emails lead me to believe it was more of a scam, but one can always hope! haha.

That said, if anyone has options better than 10% LTV they would like to direct me to for Single family up to 4-plex's, I'd love to hear how you do it. For example. Has anyone done a BRRRR with a bridge loan at 100% LTV and used it as a Short Term Rental?

I've been contacted by several lenders recently offering up to 100% LTV Financing, but it seems too good to be true. I've attached two examples of the emails I've gotten.

Is 100% LTV financing even real, or is it all a scam?

Thanks @John Geldert, I just sent you a message and connection request!

Thank you all, I appreciate the advice

Thank you, I never intended on wholesaling, and had full intentions of buying both of these, but I think the local facebook groups is a great idea, so I'll start working on that.

I have two properties under contract in the Poconos area of PA.  Our investor had to back out for personal finance reasons, so I'm looking to offload one contract.

What tips or direction can you offer a newbie like myself who has never wholesaled a property before?

I have 2 properties under contract in the Poconos that I planned to furnish and rent on a short-term basis.  The investor we had lined up to split both properties with just backed out due to personal finance reasons, and now we are stuck with both contracts in our name.

We could choose one home and cancel the other contract with a high likelyhood of getting our money back, but ideally I still want to purchase both properties, I just don't have the equity to do it at the moment. I really don't want to sell any other personal financial securities, and I need to avoid leveraging more equity from my current 2 homes as I need to keep my DTI down.

My question is: I hear of people all the time saying they bought property using OPM, but even Private lenders are telling me they need at least 15% down, so how is it that anyone gets property without having that cash upfront on their own?  Or do you have any other advice for what I can do?