All Forum Posts by: Katrina B.

Thanks! I did, and you’re right! 

Hi there!...I’ve found a few properties between $50-$60k that have piqued my interest, but cannot find a bank willing to finance so low. Has anyone else encountered the same challenges? If not, please share experiences with financial institutions lending under $75k, as most have indicated that to be their minimum loan amount. THANKS!

@Jefferson Simmons..do you mind PM’ing me your lender’s contact information? Thanks!

@John Morgan Thanks John! I will PM you. I have more questions. LOL

Great work! Congrats!!!

@Julie Sisnroy What a great post! I appreciate your feedback. And you’re right - this isn’t a one size fits all. I just have to find my “size”. LOL!

@Joe Norman I’ve heard horror stories about turn-key properties.

@Courtney M. Thank you so much! This detailed explanation will take me a long way. :-) I may try to work with your hard money lender.

@Courtney M. Thanks and congrats! I would love to utilize the BRRRRR strategy, just gotta find a good property.

Question about your hard money loan and appraisal process...

1. How long did it take for renovation - to get the house back on the market? Another concern I have is the amount of time I’ll be paying interest on a hard money loan.

2. Were you worried about the appraisal coming back at an amount that wasn’t enough to cover the hard money loan? What was your exit strategy?

@Carlos Ptriawan How would you know without assessing repairs and renovations?