All Forum Posts by: Marie Roberts

I just started. Right now I am trying hard to find a contractor to go with my rehab loan ... I primarily got my license to get into houses faster do I don't miss out on a deal. I may need to look into selling a house etc. For someone else so I can pay off the fees I had to pay. @Michael Gansberg

@Sean Ryan Hi Sean.  Those are B C areas. Are you sure you want to live there?  Here are some things to consider... It is easier to evict in Troy or Rensselaer area and taxes are lower which makes for more profit but a drive from Albany to colonie is much easier and faster than a drive from Troy.

@michael  ganesburg I have a question for you.  What is your turn over like for your Troy places? Also what kind of rents do you get? I agree Troy has better taxes than Schenectady. Btw how do I make sure the person I reply to sees the post?  Do I just type @ and the name?

Hello Michael Lee. Thanks for the nice list of who I need. I love the lock suggestion. I will add that to my to do list.

hi Shanel Wiggins. Schenectady is tough because there are a lot of old buildings and taxes are high but there is a couple here that is very successful so I know we can make it work.

Hello.  My name is Marie Roberts.  I work full time right now in the rat race.  I read Rich Dad Poor Dad and felt motivated.  Most jobs these days keep cutting the work force increasing responsibilities with little salary increase and less benefits.  I need no more motivation.  I got frustrated with real estate agents that didn't respond quick enough etc. so I got my License. I really only planned on selling something to myself but I may consider using my License as a regular agent sometime soon. I am also a Mom which takes up a good bit of time but the plan is to make at least my salary in real estate and have a life with more options.  I should have a 3 family closed on soon but I don't want to stop there.  I am open to anything.  I figure I will take whatever is a good deal: flip, a wholesale, a buy and hold.  My next immediate step is to find good contractors etc.   It is time!

no your right but how do you get started without a track record or capital? Capital One has sent me LOC info do you think that would be better coming from one company instead of a bunch of little lines Rolled into one?

Quick and to the point. Thank you. Ideally the LOC covers everything and I pay off the loan during the 1 year 0% interest. I feel like this is how I would need to start off because the other lending options would require that I show I have successfully flipped a house.

Hello all. I am doing research on financing in hopes to flip a house. I will not have any money for down payments etc. in the near future but I need to get out of the rat race so... I read about the Stated Income Business Line of Credit but I want a back up plan in case I held the property for over a year when the interest rate goes to 8.99%. Excuse me if I am way off but can you then get a traditional mortgage to pay off the line of credit? Mind you the line of credit would be in an LLC for the above mentioned L.O.C. if that affects your answer. Thank you for your replies.