All Forum Posts by: Kwame Darko

I can give you a great example of why going with local credit unions would be better. Last year I also sought out an investment loan for a single family where the purchase price was 70k and the loan would be for about 53k. Quotes from BOA and Wells Fargo were high 5’s and mid 6’s. I spoke to my local credit union and they offered me a rate of 4.8%. Went with the local credit union..

Washington trust out of Glastonbury. Try them 

When we look at income, is it based on net or gross income? 

@CJ M. I’m interested on how you were able to get that many units in 1.5 years!

To obtain 6 units! 

Spent too much, under estimated the rehab and time frame and also got the ARV wrong all in one project so I can tell you ll never make those mistakes again lol.

@Amer Mallah for instance if you get to a total of 10k for capex, will you keep going or stop there and start over once a huge improvement needs to be made?

Hello everyone,

   At what point do you stop saving for capex, vacancy and maintenance? I know everyone has different savings goals so I’d like to hear a few opinions. 

Thanks 

@Charles Carillo Would also be interested in an example of said credibility book. Thanks

@Andres Bernal What was the outcome?