All Forum Posts by: Eric L.

@Kyle Glasgow

I would start out by calling banks, credit unions, and mortgage brokers to determine if they offer delayed financing. Don't waste your time driving to each bank when this can be handled over the phone or by email. If you've owned the house for at least 6 months, you could do a cash out refi at ~75 or 80 LTV on the appraised value.

If you are going to have your credit run several times then I would try to get that done within a week so that it doesn’t damage credit any further.

I use Greenway Mortgage because they’ve always offered the lowest rate. You’ll need to fill out the application to get the conversation started.

https://app.greenwaymortgage.com/app/signup/p/greenwaymortgage/b/middletown?campaign=pre

If you qualify, there are credit cards that offer no transfer fee and 0% APR during an introductory period.

@Kyle Glasgow Was the home a cash purchase? If so you could look into delayed financing to cash out a portion of your purchase + closing costs. This would at least give you some breathing room if you do not anticipate a quick sale.

@Megan Kline, I'm a newer, part time investor in your area. I didn't find any cash flowing deals on the MLS throughout 2018. With our higher taxes, I'm satisfied with a $200 mo cashflow. I think you can find better cashflowing homes in Pottstown and Norristown, but you know what these areas are like.

I prefer to manage my properties for now, but I will eventually turn them over to a management company at some point in the future. I do include this cost in my evaluations.

@Lethony Campbell, I would be interested to see what you have to offer. Thanks, Eric [email protected]