All Forum Posts by: Jhon Quintero

hi, did either of you end up working with flooring capital? 

perfect, i will give them a call. Thank you! 

Do you make the money transfer from a US bank to Alianza or do you have to send the money to a bank in Colombia and than to Alianza? 

Hi torri, how does the process with Alianza work? Thank you! 

Hello everyone, 

I'm looking for some advice and information. Does any one know of a way to send large amounts of money to other countries (Colombia) 

I am looking to buy a property in Colombia, but need to send the funds to pay it buy it cash, the offices I've been to that send money abroad tell me that i have a 3k per month limit. That would make the process pretty long. Any info or advice is appreciated. Thank you!   

I am looking at an off market propery that needs a lot of work, I had a contractor look at it and was hoping to BRRRR. They are asking for $285K.The numbers i ran are as follow. this numbers are a rough idea and I would put contingencies in the contract to mitigate any possible issues since it would my first time. Let me know what you think or if I'm just day dreaming. Thank you!

for the comps I looked at 3 properties that are very similar in size and distance. One of them is nearly identical and was sold last month for the price I am using for the ARV, The other 2, one sold for $490 and the other for $430.

$474,000 ARV - 20% for refinance

=$379,200 all in cost 

$379,200 - $125,000 rough estimate for repairs including 15% contingency. 

= $254,200 - $32,000 loan cost for 6 months interest only payments and origination fee. 

= $222,200 - $20,000 closin cost for purchase and refinance. 

that leaves me with a Max purchase price of $202,200

Hello everyone! I tried online but couldn't find much information. Does anyone have any experience with renting the roof in a rental property for some extra income? Solar or mobile antena. Thank you in advance!!!! 

@Todd Wheatley Thank You! I sent you a DM. 

Good evening everyone! I'm currently looking for a 203K lender in Massachusetts, do any of you have any recommendation? I seem to be having trouble finding any online. 

Thank you in advance!!!! 

Hello Kyle, Tagging along, I've been looking at those areas also.