All Forum Posts by: Edy Lagares

@Brian Koons

Appreciate the input @Brian Koons .

Happy investing

If you had $5000 saved up would you:

Pay down bad debt (such as credit card and student loans)?

Or save it for investing?

I’m curious to know what people would do in this situation that I’m in right now. Although I do want to get out of debt I also want to start investing soon so what do you think I should do?

@Zachary Olley

Gotcha. Where are you in the process right now?

I would love to know the outcome, keep me posted on the progress if you can.

You can do this!

@Zachary Olley

I know it varies state from state but what are some of the requirements for getting this loan approved?

Are they lending the purchase price plus rehab or based on the ARV?

@Christian Estrella

@Zachary Olley

I’ve heard that the 203k loan is a pain in the *** but I wouldn’t mind doing the work.

What you guys think?

@Zachary Olley

Great question, I’m trying to do the same thing so I’m just here looking 👀 lol

@Nick Rutkowski

@Nick C.

Thanks for clarifying that for me guys!

The Star Wars analogy was hilarious @Nick Rutkowski

Can someone explain to me what's a JV partnership ?

What it means and how would this benefit someone?

Thanks in advance

@M. Anthony Contrascere

Sorry at 75% refi you would have to be all in at $300k, if you paid $349k you might have to leave money in the deal as so the repeat part would be a bit more challenging

@M. Anthony Contrascere

I think that In order for this deal to be a home run Brrrr you would have to be all in (purchase + rehab+ closing) no more than $280k for a $400k Arv in order for you to pull out all your cash during the refi, since the lender most likely will only finance 70% of the ARV