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All Forum Posts by: Srikanth Vadlakonda

Srikanth Vadlakonda has started 9 posts and replied 14 times.

Quote from @Tsipora Smith:
I'm in the midst of doing this now. I see you're in the Dallas area, so am I. I'm using Fletcher over at Park Place lending.

 share contact please

I have closed a house recently with a hard money lender. Now I want to refinance for 30 years with the cashback option. Is it possible to do cashback on a recent one? 

PP: $225,000

Current finance: $196,000

Appraisal $280,000 to $290,000

Looksing 80% finance on Appraisal.

I started following BP just two months back, and I am so inspired and motivated by"Brandon Turner" podcasts. He is like my guru in real estate. I hear his voice everyday morning in the gym.  I am sad to hear he is leaving BP. 

I just started my journey. I humbly request Brandon Turner to come at least one podcast a month. You are so inspirational for millions of investors. I don't understand now whom I should follow now on?

Is there anyone who has experience renting to students? I am thinking to buy SFH, duplex, or multiplex near universify and give them to students to rent.

This is my plan to buy 2 bedroom or 3 bedroom homes and put 2 beds in each bedroom (like dorms) and charge them per person/bed. example: 2 bedroom unit will have 4 people and charge individually. Providing them free utilities, internet.

Is it legal to do it? Guru, share with me your ideas here.

My friend wants to give 100K loan to my LLC from his LLC (no interest) . And I want use that money for my housing flip investment. He wants to give that as 1099 but that will be my consider as income to me. I am going to return that money later to him.

I will invest that money in real estate so how to handle this situation for taxation? What is the better to take that money, not like income?

Share me some ideas.

I have a property with $510K, repairs 25-30K. ARV 630-650K. Is it possible to close with in week with conventional or Private lending? Please reach out if possible. I want to cut monthly expenses as much as I can because big loan.

I am a new flipper. I would like to new trend in rehab. What kind of modern materials using. Is there any place I can look for these on the web?