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All Forum Posts by: Jesse O.

Jesse O. has started 18 posts and replied 73 times.

Post: Tell me how you feel about allowing pets?

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24

Being in the military, I have have had to move often and know how difficult it is to find a nice place to rent with two, well trained large dogs.  Knowing and experiencing that, I allowed dogs into one of my properties and I will say that I will never do it again after my most recent experience.  The tenant had two small dogs and apparently (from what my neighbors told me) left her dogs in the house for days at a time.  When we moved back into the house their was so much dog urine soaked through the pad and stained the concrete slab underneath.  The tac strips from the carpet were saturated in many places.  There was dog urine under the washer and dryer (tile floor) that soaked the base boards.  I definitely learned that all dog owners are not the same!  If I were to allow them again, the house would have to be completely tiled, even then, there is room for damage to the baseboards.  

Post: Jax FL contractor

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24
Looking for a contractor to help estimate rehab cost of duplex I am thinking about purchasing. If anyone out there knows of someone willing to walk house with me. Please let me know. I will pay a fee for your time and service. Thanks Jesse

Post: Funding question

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24
Thank you Loren Whitney

Post: Funding question

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24
No worries @Bob Cash . Am I right to say that I cannot use the SDIRA to purchase the property and use other money for the rehab?

Post: Funding question

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24
Problem is, I only have $25k in my Roth. So that wouldn't be an option as repairs need to be from the IRA as well, from what I understand.

Post: Funding question

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24

Post: Funding question

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24
Just starting out and have found a 2500 sq ft duplex in historic neighborhood. I can pay cash for the duplex, but needs upwards of $50k in rehab. Purchase and rehab is about $80k and should rent for 1500-1800 a month (both units). ARV looks to be about $110k. What's the best and easiest way to finance the rehab. I'd like to hold into the property and I have 3 other properties on mortgage and don't thing regular funding will work. Thoughts? Thanks Jesse

Post: Hard Money Lender- Ask Me Anything

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24
Thanks Sean Molloy

Post: Hard Money Lender- Ask Me Anything

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24

Is there a pre-approval process?  I want to find my first property to flip, but am afraid that once I find a property, the funding won't be there.  I understand that the deal is based on the lender analyzing the property, but how can I be sure that there will be money for me for the deal to go through and how do I know what numbers to run (i.e. points, interest rates) to see if the deal makes sense for me?

Thanks!

Post: Need investor friendly RE agent in Jax, FL

Jesse O.Posted
  • Rental Property Investor
  • Kailua, HI
  • Posts 92
  • Votes 24
Would like to find good buyer's agent to purchase first property to rehab and sell in the Jacksonville/OP area. Thank you! Jesse