All Forum Posts by: Jeremiah Alton

Anyone used these folks before?? Member of a group I am in on FB but the letter they send me looks unofficial. 

Offering me loan at 5% interest for 30 years no prepayment. BUT there are some misspellings in the contract an punctuation is off... So it started raising questions.

For a 1st Position HELOC, it becomes your mortgage. So all of my income goes toward paying down the principle. As it gets paid down I build equity. Since it is a HELOC. I can draw money from the equity to use for anything I want. My plan is draw equity to purchase a second home, then a third and fourth.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $355,000
Cash invested: $25,000

Contributors:
Lyra Dominguez

House with guest house. The guest house has been remodeled and we landscaped the whole property. Guest house is occupied 93% of the year!!

What made you interested in investing in this type of deal?

We are always looking at ways for more financial freedom!

How did you finance this deal?

Conventional loan and we just ReFi into a 1st position HELOC.

Looking for a gap funder to help purchase off market property for rehab and BRRR. $50K needed. Will refi property after it seasons (6 months). Thank you in advance.

Purchase Price $250K

Rehab $40k

ARV $375K

 

This is going to be too big of a project for our first deal. We are going to sell the LLC with the property wholesale. So you know anyone who would like to pick it up?

Cost is $395k.

Repairs $100k-130k depending on fixtures and landscaping (assuming they would be adding an additional bath as we intended)

ARV $615,000

Let me know. Closing is on the 8th. So gotta sell by then.

I have pictures and videos of the inside of the property as well.

Looking for a general contractor to give a bid on a flip. Need a bid tomorrow (12/14/2023) for a flip. Complete reno and adding a bath. I will be providing the materials. Please DM me

I love real estate. I have been interested in it my entire life but have never fully dabbled into investing. Well, it is past time for me. I am working on going all in this year. 

I am based out of Phoenix and plan to work here. Looking at both flips and BRRRR.

My goals are to grow a network and then have deals lined up in the pipeline.