All Forum Posts by: Mark DiPietro

Thanks @Doran Summers!  I really appreciate the feedback and information.

Jeff,

Thanks so much for the quick reply.  That was awesome information.  We are new to the foreclosure game, but really think this property fits our investment strategies.

Might I ask, do you have a particular hard money lender you use?  I'm new here too so not sure if I can ask that or not, but I'll try.  :-)

My wife and I have located a property we think is perfect to flip.  It is in foreclosure (worst home in good neighborhood) and is going to auction on May 17th.  The problem is it is an all cash auction.  We have about $46k in cash but feel the property will sell for about $75 - $90k and will need another $10-$15k to fix up. 

We have never done a hard money loan, but wonder if we speak to someone and get that set up this week, would that qualify as funds for purchasing the home; or, does the money need to be in our account for a few bank cycles to count?

Any input would be appreciated.

Thanks!

Thanks Paul, those were the two.  I appreciate it. 

Does anyone remember the websites used in last week’s webinar to find the property in Chicago and to estimate rent for a property?