All Forum Posts by: Matthew Wolk

Good afternoon, 

Im matt and i live in the Atlanta area. Im a local real estate investor with a couple properties and a licensed contractor as well. Im thinking about investing in some airbnbs in Orlando FL in the next couple weeks to months once I finish a duplex remodel im working on. Does anyone have any advice on the Disney area as well as a reputable agent that knows about STRs? Any help would be appreciated!

Trying to close on a primary residence with a 21 year old roof . Having issues getting insurance.  My insurance agent dropped the ball and we are down to the wire without insurance.  Looks like the only option is to provide a signed contract for a new roof to be completed within 60 days of closing.  100% fine with that as we are replacing the roof anyway.  The issue is it's going to take at least 5 days for the insurance underwriters and Monday is a holiday.  We're not going to close as scheduled, which I guess isn't a huge deal.  Im just not happy that this wasn't addressed weeks ago.  I'm not sure if I'm just venting or asking for advice.  If anyone has any recommendations or insight, I'd appreciate it. Thanks, Ty

Hello I have quick question for anyone who could point me in the right direction. 
I recently bought a property under my LLC to rehab and flip but I'm actually going to keep this to live in. I was thinking about refinancing into a FHA/conventional loan under my personal name after rehab is done.

From the time I closed on it to when the property will be done with rehab it will be about 3 months. My questions are

1. Is there a waiting period I have to wait to refinance into the property with my personal name with a conventional/fha loan if I own the LLC that owns the home.
2. Is there a conventional loan I could get for this home if I keep it under an LLC, or are rates always higher if owned under an LLC? 

Please let. Me know any input, thanks 

Hey everyone!  I'm starting the process of looking for my first investment property in the Tampa Bay area. Due to the increase of interest rates currently, do you all see HELOCs as a good option for a downpayment on an investment property? Also, do you all have any recommendations on heloc options in the area? Thanks in Advance!!

I currently have a 401(k) with my employer. It does not allow me to use the funds for the purpose of investing in real estate property.  i’m very close to changing employers, and they have the ability to discontinue the connection with my current employer within my current 401(k). My question is, does anyone know of a good quality 401(k) custodian that works well with real estate investors? With my change of employer, I believe I have a unique opportunity at this time to roll my money over into an investment custodian that will enable me to use my funds for real estate investment. I just need to know the best avenue to take at this point.

I own three rental properties currently, with modest DTE ratios (<70%), and strong cash flow. I'm considering leaving my current job and going into RE full-time, to grow the portfolio. I have capital to make downpayments and cover closing costs for additional purchases. The problem I'm running into (a very common one) is that bank lenders want to see personal W-2 income or tax returns as part of the application for an investment property purchase. Are there lenders who finance without requiring personal income, esp if I can show a track record? Is there a way to structure things so that I could do this? Looking to avoid hard money lenders.

Thanks!

I used a HELOC along with personal savings to build a small home in Dawsonville, Georgia. The land cost 65k and the home is almost complete which costs 100k. How long before I can refi out or get mortgage out or the best way to get money out to pay off HELOC and buy a primary residence. I'm looking to Airbnb out that home, rent out my current home and move into a 4 bedroom, 3 bath around 360k. I really don't want to wait 6 months to season it. Any advice would be appreciated! Thanks!

I'm looking to buy a vacation/rental home and trying to figure out how to finance it. Am I able to buy it with an FHA loan to put only 3.5% down if my actual primary residence is in my wife's name? I have no real estate on my credit at all, so would I be able to apply for an FHA loan in just my name for this as my "primary residence"?

let's say a person has little experience or financials. If said person were to join an LLC by amending operating agreement to establish ownership or a decent amount of ownership of an LLC that has ownership of 393 units bought 20 years ago would the experience of that ownership be transferred to the member that has just joined? And if so can that person then go apply for a cash out refinance of those 393 units the property is free and clear without the personal guarantee of previous owners of that LLC immediately or does there need to be a seasoning period?

My fiance and I just purchased our first property and look forward to renting it out at the end of this year. 

What is the best way for us to pursue our second property without a bunch of money out of pocket?