All Forum Posts by: Jamal Davison

Someone offer cash for my house and I am interesting. What are the steps on completing this deal.  Thank you for everyones help with this.

Yes, each house needs extensive repair.  Currently my money is tied up to get them repaired. Thank you for responding quickly. I will looking to Zillow, OffPad, and Opendoor tonight. Thank you.

@Nick C. Yep. I have a loan on it now.

My money is tied in on other investment.

@Jaysen Medhurst

1. Several thousand ( SFH cost 33,000)

2. 33,000 now  vs after repairs ( dont know). We have to remove the Lead paint and replace doors and get everything up to City code.

3. Was cashing flowing over 300. ( Tenant moved out)

I got hit with a 15,000 repair build for my SFH. i currently dont have it.

I have a few question . Can I used hard money down for home improvement and refiance afterwards even if the property only go up slighlty in value since it is a single family house.

If any one  has a better way to solve this let me know. I am open to all suggestion.

Like everyone says from above.. their is different ways of learning. I say go if it is free because you can start to network and start expanding your network. I say turn a free event into a networking event.

@Brenda Watkins I say look for MFH.  Turnkey has very little to no cashflow because of company renovation to  the house and try to sell it at market value. At least with MFH you might be able to house hack or reduce your rent by having other share the payment of your mortgage.

Thanks for answering back. I am going to reach out to my lender and see if he is able to pull that off. In case he doesn't, Do you mind to share your lenders information? 

I see a few owners that is selling MFH with tenants in them already.

Without using my money, how can I used the tenant's rent to my advantage on getting approved on a no money down loan or (close to it)