All Forum Posts by: Hannah Joy

 @Cristian Vargas How did it go with TMD?

Did you have anything specific in mind that may be helpful, Bob? @Bob Stevens

Hi all, I am considering a property built in 1924, 2 story, 2,614 Sq. Ft.
I would be updating it where necessary, adding a bedroom and bathroom, and converting the garage. Anything I should be particularly wary of from that era of construction? 

Thanks! 

Hi there, my brain is stuck on this. I own a sf that has positive cash flow. I took a hard money loan @6% / 4 years (payment is $700) of 30k to renovate the detached studio. It is rented for $1200 per month. I may let a business go and sell off the inventory which should result in around 25k profit. Should I pay off the hard money loan, or use that 25k as a down payment on another investment? 

Can someone help with the pros and cons here? Thanks so much! 

Got it. Anything you'd be willing to share about figuring out the process? 

 Right on Jake, thanks! That is super cool that you helped get them their belongings back! When in your real estate career did you start finding hard money accessible? 

Nice! Would you say foreclosures/auctions are better for more experienced investors? I'm only 2 properties in but I feel like I can figure it out! 

@Marty Boardman awesome thanks! how did you find the situation in the first place? 

Hey I'd love to hear a synapsis on a pre-foreclosure or foreclosure that worked out! What were the numbers, how did the deal come about, what came up that was unexpected, and what was the payout? Looking for inspiration and a sense of the types of situations that work out in the end. Thanks! 

Hey all, I've successfully managed to buy, renovate, and rent 2 properties and am getting interested in foreclosures. I signed up for notifications in my area, and can see what properties will be coming up for auction at our local courthouse. The plan is to do as much homework as possible and learn how the process works so I can understand a good deal and low risk when I see it. Any tips or next steps? I'm in Northern California. Thanks!