All Forum Posts by: Katie Shepard

What happens to a contractor if they did work without a permit?  Is this just a slap on the wrist, or bigger fine/punishment?  We have a contract with a licensed contractor and he owes us approximately $10k back from our initial deposit of $28k.  We've not heard back from the city (they are super slow due to covid) and I'm trying to figure out if we need to take legal action. Any insight or advice would be awesome!

Bought this ticket before the last price increase and can't actually make it. Anyone interested in purchasing from me for the reduced cost of $1025.

Thank you @Ryan Mahoney!

I just started reading David Green's book and realized he says you have to pay cash....I'm in contract on a duplex and plan to use traditional financing, considering a 3/1 ARM and then will rehab, and get a HELOC. We have cash to rehab but not for purchase and rehab. Am I missing something or will my plan still be a BRRRR?

Hi! We are looking to purchase our 3rd flip. We're short on money for the reno and I was naïve in understanding HELOC's. I thought the amount we could pull was purely based on value-PITI but now realize it's tied to debt/income.

If HELOC's are tied to debt/income then how does the BRRR strategy work? If we have a HELOC on an investment property does that preclude us from getting a HELOC on our primary residence? Would it be smarter to do a cashout refi?

Currently I'm approved for a $40k draw on HELOC for our investment property (duplex). I owe $170k, it's worth approximately $350k. If I include my husband we could get more on the HELOC but it seems we could have more buying power if we purchase separately.

I'm also in contract on a property for $82k, I planned on using HELOC money to purchase and personal funds to renovate and then sell.

Long term I'd like to flip a couple of homes a year with buying to hold as my primary focus. 

Any advice on how to proceed? 

Any advice?