All Forum Posts by: Jonathan Polanski

DM is sent.

 no, I purchased the property with a hold over tenant and he was expected to move out jan 18th as per the agreement, he never left. with evictions costs, carrying cost, and other expenses things have changed. 

ok thanks a lot guys

I purchased a property located in fort pierce, FL with a private lender...now I need money to start the renovation process (no the private lender isn't open to funding the reno) It'll cost me only 20k. I'm searching hard and no luck, should I just give up? credit score is about 630, this is the only asset I have. property was purchased for 180k, I put 20% down, arv is 270k.

So I have no w-2 (no tax returns) but I have a property that's performing and seasoned for 3years, do lenders work with these type of properties at a decent rate? I got myself tied up into a hard money loan at 10% and I'm trying to refinance out of it, but my mortgage broker tried everything and no one is willing to lend less than 9.6% I have a 700 credit score.

So I've managed to purchase 2 properties that bring in $54,000 per year, that's 4,500 per month gross. my mortgage is a ballon 3 year interest only loan that I'm being charged 10% for. I pay 1800 per month on my loans. My credit score is 700. I have 200,000 in combined equity on my properties. I didn't do my taxes in 3 years but I have proof that I have good tenants that provide me with steady income. I'm having a difficult time finding a lender that would refinance out of this loan, what do you guys suggest? I don't have a job Real estate is my full time gig.

Not sure if you pulled the trigger, I wish I seen this...322k is pretty high

Hey guys I have about 400K in equity properties owned free and clear...I've collected rents from these properties through my business account on a LLC, however my properties are titled in my name. My credit score is pretty bad, However I'd like to take out some money (around 200k) and do my first flip. One of my properties was a reno, so I have some experience there. What are my options?

If you had 2 properties paid off in full that's bringing you $4300 per month.. a triplex thats worth $240,000 (paid $166,000 for it) , and a single family that's worth $220,000 (including rehab I paid $176,000 for it), what would you do? would you refi and buy more multiunits? just want to see the opinion of the investors out there.

 Yea I think I'm making the right decision