All Forum Posts by: Ferria Cunningham

Ok thx 

I have a home owner requesting $94-139k HEI loan, structured to pay the loan when the house is sold, in 10 yrs.  House is worth around $230-240k currently. $155k left on mortgage bought in 2010 for $200k. Could someone get this woman to the right NMLS/MLO.

I am rehabbing to flip. $150k sounds reasonable  because the house across the street sold as-is for 140k, however needed electrical work done w minimum repairs done.

New siding,  possibly a new roof,  new kitchen,  2 bathrooms, 4 bdrms need paint and new carpet, hardwood floors in living room needs polish. Landscaping in the front and back.  

Comps in the area$226k-$229k for rehabbed homes. 

Candor and frankness,  such a breath of fresh air.  I am about to post the info... 

Need a contractor in the Hampton Roads, Virginia area to assess property before submitting offer.

Hello! I am looking for assistance on what are my options for my 3 unit house passed down to me my dad from my deceased mother. A seasoned real estate investor and mentor of mine suggests that it will take $140-150 to fix and that the house needs a complete rehab. The ROI would be 10 yrs at $15,000/yr. I am currently in bankruptcy and would like to keep our house. I'm trying to find out some smart ways to keep our 3 unit house but get the loan needed to rehab the house. Someone suggested that an investor pay for the rehab and he/she pick up the payments from the rent until fully paid. Has anyone heard of anything like this before? Or does anyone know if certain hard money lenders will work with current bankruptcy people in certain situations? I am active duty in the military, and have not missed any payments to my trustee in over 1 yr. Does what I ask for sound too far fetched? I need honest opinions!