All Forum Posts by: Kassandra Perez

@Bonnie Low

No problem I just heard about it this morning!

@Ryan Twombly

Thanks so much for the helpful content from everyone I appreciate it very much,

Ryan thank you so much and we definitely should keep in touch.

I am currently studying my numbers and reading a few books as I am typing this.

My passion for real estate is very strong and I will take everyone’s advice wisely and start implementing it immediately.

You guys on the feed are the best and I hope to keep in contact with everyone!

Is anyone else pissed or bothered about this new refinance tax that is being forced by Freddie Mac and Sallie Mae?

So now if you do a cash out refinance or that like using the BRRRR method will now be "TAXED" 50 basis points on the new loan. It's called an "adverse market fee" of 0.5% on most refinanced mortgages starting Sept. 1 due to economic uncertainty," is what Sallie Mae stated.

On an average $250,000 home loan, the fee comes to $1,250 to refinance!

It’s seriously frustrating for investors, especially the ones who have a large apartment building or big investment portfolios!

Here is an example of large scale properties:

let’s say you own a 10 million dollar apartment building , you will be charged 50k just to refinance that particular property.

This is a serious slap in the face to home owners and investors who are already struggling with their mortgages during this pandemic.

This will in turn make people not want to invest in properties or encourage people to buy homes.

The whole point of lowering interest rates was to help homeowners and investors stimulate the economy and buy houses and for the government to buy mortgage backed securities not make it harder on EVERYONE!

Is anybody as frustrated as I am?

What are somethings that can come from this?

Does anyone else see a total recession coming in the near future?

Sallie Mae and Freddie Mac really have lost their minds with this one! What are your thoughts?

Thanks so much, That was great information. I appreciate it, I was thinking about doing something like that lately. I will write down the information you provided and start Implementing some of it with Facebook and CL. I am an former apprentice electrician and my father taught me a lot about carpentry, Plumbing and how to do a lot of repairs on houses. I am no expert but I know how to do a lot. I am located in Hartford, Lets stay in Touch and Maybe we can do a deal one day. I will definitely give an update on future projects and stuff going on!

Thanks again Eric the Information was much appreciated!

Hey guys My name is Kassy and I am a new real estate investor/ flipper and wholesaler in the Connecticut area 

I have been digging through the internet trying to find a good lender for any of the deals I want to do regardless of its a fix & flip or a Fix and hold. In anyone's best advice should I just buy the programs from one of the guys I listed above so I can get the paperwork I need for these types of deals and at least know more about what I am doing? or should I partner with another investor who has had a bit of experience doing this and we could split the profits and show me how things are done and use Propstream?

Trust me I am not afraid of going for it, I had a lot of savings and was about to start doing investing back in March but Covid hit and I could not get my LLC started because the state shut everything down! after that I was laid off my job and never received my unemployment, My bills ate away almost all my savings. So now I can't fund the deals myself unfortunately.

This is not only for me but for anyone else that is new to this, how can I get started in either wholesaling a deal or getting the funds to fix and flip a house in today's markets with the banks and lenders being more strict with their lending requirements? What types of questions should I be asking the listing agents and owners? What is the typical time line for a wholesale deal vs. a fix and flip 60-80 days? 

My last question is where can I connect with an investor in my area who has already done deals or have funded deals in the past and is willing to split all profits and can bring me under their wing, Teach me what I need to know about wholesaling or flipping and do amazing deals together?

I know this is a lot of questions and information but any advice would be super helpful!

God bless you all and I hope everyone is staying happy, Healthy, and Safe!
   

@Chace Fraser Thank you so much for the advice! I will definitely be In contact with you once the state opened back up.

Things are a bit crazy here in PA but I can’t wait to get the ball rolling on this.

I have gone through 4 realtors already because all they care about is what profit goes in their pocket.

I have a list of investment properties that I want to go look at soon.

I hope all is well with you and your family!

God bless 🙏🏼

@Jaysen Medhurst thanks so much I will be in contact with my real estate agent!

Stay safe and have a great day.

@Guifre Mora great advice, I will be using this myself into my business strategies thanks so much!

@Trent Stone I just came across this post and I will definitely be reading that book.

Thanks for the shared advice much appreciated!

@Erik Hatch great advice :).