All Forum Posts by: Katina Stewart

I'm looking to purchase property through the City of St. Louis Tax Lien sale auction.  I have two questions...1) how do I find out how much a property has sold for during the previous month's tax sale? I'm looking for this info to get a better idea of how much to bid for properties.  2) Is it possible to contact the current owner and buy it before the tax sale? 

@Peter MacKercher thank you.  I'm looking to flip in the St. Louis area.  preferably south city, but I'm open to other areas as well.  I definitely plan to be active on here, so thank you!!!!

@Stephanie Briggs thank you.  Welcome to you as well.  I would absolutely LOVE that!!!

Greetings All!!!  I'm a new member and wanted to say hello.  I'm interested in flipping houses and later plan to purchase a few multi-family properties to rent out as well.  I'm happy to be a part of Bigger Pockets!!!!! 

Wow!!! I didn't think about refinancing afterward.  Thank you Jerry!!!!!!

Hello, my name is Katina Stewart and I'm new to the Bigger Pockets forum.  I currently have two financing options and I'm struggling to decide on which to take.

My plan is to purchase a few homes to flip and to later purchase a few small multi-families to hold and rent.

I have to option to finance through a conventional loan, which would require me to put down 20-25% on each property that I purchase for the going interest rate.

I have another option to finance through an alternative loan, which I would NOT be required to put any money down.  However it would be at a higher interest rate between 8-10%.

Both options would require me to use my own money for upgrades and/or fixes.  While the alternative option would help me not have so much out of pocket expenses, I'm struggling with if going the higher interest rate option is the way to go.

Can someone please guide me as to which option would be best?