All Forum Posts by: Joseph Rivera

I have financial resources at my disposal and maintain connections with several contractors to ensure that the house is repaired and prepared for sale on the open market. Additionally, I collaborate with various lenders to facilitate transactions. My track record includes successfully completing several property flips. While I acknowledge my individual capabilities, I firmly believe that working within a team environment opens up limitless possibilities.

I am seeking a partner to collaborate with on completing a property flip in the Riverside or Orange County area.

I am specifically interested in working with an individual who has experience with more than 10 successful property flips.

Kindly inform me as I am prepared to initiate the process.

I already have a hard money lender financing the property.

I am just looking for another loan to fix the property or a investor to partner up with me to get this one done. 

I recently acquired a property and I am looking to where I can obtain a unsecured loan to rehab the property  in southern California.

Would any one have any ideas? 

Thank you all very much for taking the time in answering my questions

and letting me know , that it can be done. 

I do appreciate it very much. 

thank you all for guiding a newbie along 

Thank you for taking the time in answering my question.

I do apologize in the way I asked, I am still new to this. So I am still learning how to word everything correctly. so please bare with me.

Lets say a person makes 15,000 a year before taxes and wanted to get a property to fix and rent out. in southern California. 

lets say the person used a hard money lender to obtain the property, and sources for the rehab and closing cost + extras in case anything pop up that needed to get done.

now that the rehab is done and the house is ready to be appraised, rented out with a management company and refinanced. 

would there be a way to refinance the house with that low of an income ? 

if after the refinancing ,  it was way higher then what the person could afford?

Lets say that the numbers were added up before hand with what the loan might look like and the person had a bank account that could cover 6 months of payments of what the bank would probably ask for the loan saved up. would that improve their chances with a low income? 

this is the best way I can explain this. I hope I explained correctly, if not please educate me. 

Hello and my question is,

If my income was low , but I had access to funding.

would I be able to put money in to a business I start up for my rental properties 

and claim it as business income or means of paying the mortgage in order to get approved  for a loan or to refinance a property if i take the hard money lenders way of getting a house? 

also if my income is low , but i have at least 6 months of payments in a savings would that also help ?