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All Forum Posts by: Joshua Lira

Joshua Lira has started 2 posts and replied 6 times.

Post: Why do I hate rentals!

Joshua LiraPosted
  • Contractor
  • Rockford, IL
  • Posts 6
  • Votes 6

@John Underwood how do you automate rent? Do you use an online payment system?

Post: Good books to read on real estate investing.

Joshua LiraPosted
  • Contractor
  • Rockford, IL
  • Posts 6
  • Votes 6

@Charles Carillo thank you!

Post: Good books to read on real estate investing.

Joshua LiraPosted
  • Contractor
  • Rockford, IL
  • Posts 6
  • Votes 6

Drop some names of your favorite real estate books!

Post: How do house flippers acquire money to finance renovations

Joshua LiraPosted
  • Contractor
  • Rockford, IL
  • Posts 6
  • Votes 6

@Marc Desrosiers Do you do most of the work yourself, Or do you hire a contractor? If so how would you raise money to pay him?

Post: How do house flippers acquire money to finance renovations

Joshua LiraPosted
  • Contractor
  • Rockford, IL
  • Posts 6
  • Votes 6

@Nicole Heasley thanks for answering! I plan on financing a duplex next year with an FHA loan (renting one side, living in other). What would be the best course of action for securing financing for renovation cost.

Post: How do house flippers acquire money to finance renovations

Joshua LiraPosted
  • Contractor
  • Rockford, IL
  • Posts 6
  • Votes 6

I have a question concerning house flipping. I know most use hard money lenders & private lenders to acquire the property but how do they finance the renovation? Do they borrow more than what the purchase price of the property is? Or do they tap into lines of credit (credit card, business line of credit etc...) or personal cash.