All Forum Posts by: Julie N.

Charlie Napolitano at prospect mortgage is not only a mortgage broker but a renovation loan specialist for investors and owner occs. Prospect mortgage. I haven't used him myself yet but I've come close but ended up securing cash financing instead. He did a CEU class for my real estate board. If I remember correctly, you'll need 20% down and they lend off the ARV.

Awesome job!👍

Terrific! I switched to State Farm from another company and he saved me money in all of my policies. I also increased my umbrella amount for less than the old umbrella policy that I had with the other company. It was crazy.

Spray bleach is a great solution to this "noisy fan". Maybe leave a bottle of it on their doorstep with a bow on it.

Welcome!

I like $300 as a minimum. In my market and where I want to buy- move in ready properties on the MLs would be at least 150k which would give me a small 3 bedroom -1 bath home. There are many "weird" houses at this price. Rent can run anywhere from 1200-1500 depending on private pay or sect 8. Cash flow for something like this could be 400-500 with a 39 year mortgage. If cash is being paid then any home is a cash cow. A shorter term loan just makes the payment too tight where I would have to come out of pocket for repairs/maintenance etc. I'm looking for seller financed properties now which could make a better cash flow property when I find the right deal. I don't want to put 20% down anymore since it takes too long to build it back up.

Awesome!

Nope you definitely don't need it. If you want to take a class- check out Robyn Thompson who TAUGHT Than everything he knows- much cheaper and she learned from Ron Legrand. . Try BP also for tons of info!

State Farm. State Farm has little restrictions on policies when it comes to rentals. Www.getfranco.com. Tell him I sent you. His name is Franco Cianfaglione.

My tenants always pay for their own oil. One tenant left the tank almost empty when they left- I filled it to the cost of $600. The new tenant paid me monthly installments on that oil bill until it was paid off and ran low enough for them to start calling for deliveries on their own. The oil companies have payment plans to reduce giant oil bills. If they move out then they can get an oil reading from the company and I can buy what is left in the tank and do it all over again with the next tenant.