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All Forum Posts by: Lloyaal Thomas

Lloyaal Thomas has started 2 posts and replied 7 times.

Post: How Many RE Investors are Engineers?

Lloyaal ThomasPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 10
  • Votes 0

I'm an electrical engineer as well, I believe this is what led me to becoming an REI!

Post: My first flip at 26, a woman, ZERO construction skills.

Lloyaal ThomasPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 10
  • Votes 0

Wow thats great! The only thing left is to learn from your mistakes and keep the profits rolling in?

Congrats, that's the only way to legally leverage a VA loan. Thanks for sharing!

Post: Ceiling leak into my bottom floor unit condo

Lloyaal ThomasPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 10
  • Votes 0

Thanks for the response Thomas, that is exactly what I was thinking. I've already contacted the HOA, I'm just having a hard time getting a hold of the tenant above me.

Post: Ceiling leak into my bottom floor unit condo

Lloyaal ThomasPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 10
  • Votes 0

I have a ceiling leak in the kitchen of my bottom floor condo. Does anyone have any experience with this type of problem with a bottom floor unit? If so, who should be responsible for this repair? Thanks

Post: Buy in cash or payoff and finance?

Lloyaal ThomasPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 10
  • Votes 0

Thanks for all the responses guys! I've found a handful of hard money lenders but the their interest rates are pretty high between 13-15%

Post: Buy in cash or payoff and finance?

Lloyaal ThomasPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 10
  • Votes 0

Greetings BP,

I’m currently looking to purchase another investment property at 65k. But I have 4 properties mortgaged with the lowest balance being 25k. Every bank that I’ve talked to will not allow a 5th mortgage. I can buy the property 65k in cask OR pay off the 25k property and put down 25% on the 65k property to fnance. Any suggestions? Thanks