All Forum Posts by: Jordan Thibodeau

Hi Lucky!

Welcome to the forums. Have you tried reaching out to a commercial broker? They might be able to help you with this. Let us know what happens.

I think wellsfargo does it:

https://www.wellsfargo.com/biz/loans_lines/real_estate/exp_equity_line/

HI Maceo. Welcome to the boards.

It really depends on the bank that created the loan. I've heard of stories where the bank doesnt care so long as the payment comes in and I've heard stories of the bank calling the loan in. I would check with the bank and see how they handle your situation.

As far as the LLC, why have you decided to create one with just one property? Do you have more than one?

You could do A/B testing and try both and see what leads to better response rate.

Hi Josh!

That sounds a tad bit risky, I would save your money so you wouldn't be putting all of your eggs in one basket. What if the flip fails? What do you do then? Compared to if you saved your money and if the flip didnt work out, you would still have your primary residence.

I've seen this too. I've seen properties that are too dinged up to be bought by any investor so they throw them on an auction site, however, some of these houses fall out of auction and are put back on the market. I would continue hunting before trying to make a deal through the auction because you want to be able to maintain your contingencies. Keep hunting, you'll find something!

Good question. Have you reached out to your realtor to see if they can dig up any additional information?

Hi Tinina!

Did you have a question?

HI Rod!

Welcome to the forums. Please continue posting, reading the blogs, and listening to the podcasts so you can build a presence in the community, which will lead to you reaching your desired goals.

Have a great weekend!

HI Dylan! Excellent question!

I was thinking about buying a house that had some flooding damage. I decided to make an offer for the house with full contingencies. When I was able to do my full inspection I discovered that the flooding damage was much worse than I expected, however, because I sent an offer with contingencies, I was able to back out.

You could bring a plumber to the property while doing your inspection to see what it would cost to fix the house, but being that the house has been on the market for so long, one could assume that the asking price is too high.