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All Forum Posts by: Lynne Castillo

Lynne Castillo has started 3 posts and replied 4 times.

Post: Paperwork for a private loan

Lynne CastilloPosted
  • Investor
  • California and Chattanooga
  • Posts 4
  • Votes 2
Hi all, 
   I have a friend / private money person who is going to lend me money to buy a property.  I know I will be writing a prommisary note that I'll get notarized. But I also want to give him security of having a lien on a property that is not the subject property. How to do I do this? Both properties are in California.  Thanks!
       

Post: Chattanooga Electrician Headed to Invest

Lynne CastilloPosted
  • Investor
  • California and Chattanooga
  • Posts 4
  • Votes 2
Hey Drake!
   Yes, This is a good place to get beyond the analysis paralysis. I second what Troy( and him and his wife are really nice people)is saying.
     Look at as the school of house investing .You're always learning and along the way you'll end up owning investment properties. And the fact that you are in the trades and know how that world works , is such a leg up! I'm working on my next rehab now, we should meet up, when I'm back there

Post: Using the calculators

Lynne CastilloPosted
  • Investor
  • California and Chattanooga
  • Posts 4
  • Votes 2
Can anyone tell me why the calculators keep saying I need to input numbers, after I have already put them in. Like it can't tell there is a number already in the box. I really want to use them , but I'm stuck

Post: Loan for 75k and under

Lynne CastilloPosted
  • Investor
  • California and Chattanooga
  • Posts 4
  • Votes 2
Hi all, 
   I'm under contract to buy a house in Chattanooga, I'm wondering if anyone has a solution to avoid paying all cash.
  I have 2 others that I own outright , cash purchases. I do this because I can't prove income and bank statements don't work either. I'm self-employed.
    I could get DSCR if I needed 100k but I don't need that much.  I just want to keep some of my cash for other deals
  Just wanted to see if there was some other way. Thanks for your help!