All Forum Posts by: Lisa Kohl

@Wayne Brooks I stand corrected. Appreciate the feedback.

@Mark S. Every investor has something that makes them tick. Even though they don't cashflow now, he could certainly be buying on appreciation and the fact that these will be maintenance free homes helps. Without knowing what his exit strategy is its hard to say. 

@Ryland TaniguchiHubzu.com is another popular one too. 

@Anita Williams Even with a hard money loan you will still need some skin the game. Some important things to take into consideration- a hard money lender won't typicall loan 100% of the purchase so you'll need to account for that as well as rehab and holding costs. If it's your first go at it, finding someone to partner with may be the way to go. 

@Jeff L. it's 10 loans. Your lending is correct by wrapping all of current properties into a blanket loan in theory you can start all over again

@Salley Smith It depends on what type of 203k the property is eligible for. If it's insurable with escrow then HUD will set aside the designated amount for the repairs noted on the property report. So if that's the case then you already know the amounts for repairs.

@Account Closed If you're making small purchases and have the pro account set up it should recognize your card at the traditional checkout counter and you'll punch in your telephone number. Should ask for a job name and will be tracked as well. 

@Johann Jells Yes- pro extras is a beautiful thing! Also if your orders are over a certain amount (depends on location) I hope they're sending them to the bid room for you for extra discounts. 

@Tyler Richards If the property has already made it through the foreclosure cycle and did not sell at auction- next up would be for the bank to list it on the open market, then it becomes an official REO property. Until then it would be best to keep an eye on it to see when it becomes available. In the meantime you would need to figure out how to pay for it. Depending on the homes condition it could be a cash only deal or you may be able to get your own loan through a lender.

@Steve Lockwood With experience under your belt- hard money lenders will come easy. If I were you though I would be looking for private money. My suggestion would be to put together a nice portfolio of properties you've flipped. Include before & after pics and a summary of purchase price, rehabs and profit. Start by going to some local REI clubs and networking. Private lenders vs hard money lenders should be cheaper in regards to points and interest as well as being more open to lending more than standard 60-70% purchase price.