All Forum Posts by: Melina Gorosito

Wondering if it’s normal for lenders to ask for a loan origination fee of approx. $1200. What is the usual ways you deal with this transaction? I suggested giving the funds to an attorney in trust and releasing them at due time, which seems the safest way to protect myself from a scam. Thank you for your responses in advance!

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Originally posted by @Bill Goodland:

I would recommend being a lot more specific with what you are looking for. What zip codes are you looking for? What level of rehab are you comfortable with? What price points are you comfortable with? Do you have proof of funds or financing lined up? Do you have connections with contractors or partners that are going to help ensure the success of your project? These are things that someone bringing you deals whether they are a wholesaler or agent are going to need to know.

Hey Bill thanks for the feedback.

Im looking in Rochester or Ohio. Im comfortable with aesthetics, like flooring, painting, tile work, cabinetry, framing and drywall, minor electrical and plumbing. I do have financing lined up. Have my own team of contractors. Looking for something from 35k-100k with 15-25k worth of renos. ARV 100k-175k. If you know of anyone that can help please connect me with them. Thanks!

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Looking to do my first fix & flip and I'm looking for the right property, if you think you have it, please send me the details and you can make your deal. Please send me the comps as well with suggested renovation cost. Everyone and anyone welcome!

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Originally posted by @Michael Ramzy:

Hi Steve, I've gone through these steps. PM me would love to connect. I'm also from Mount Albert, Ontario. And I have a property in upstate NY. Also, looking to go through more in the area.

Hi Michael,

I was wondering how you found your property, and the professionals helping you with the transaction. I'm in Brampton, Ontario and looking to invest in the US but I don't know where to start looking.

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Originally posted by @Randy Molland:

Hey Cameron,
We have spent a lot of time researching other markets here in BC and would love to connect with you and see how we can pool some information together!

Depending on what you like to see for property types, we just put 3 offers in this week on properties that are split level up downs that work great for holding and have lots of upside.

Lets connect!
Cheers

Hello, I'm in Ontario and was looking at properties in the U.S. Just wondering why you are staying in Canada with your investing, or if you do have any properties in the U.S. I'm just starting off so I can't afford the housing market in Canada as it is so much higher than the U.S it seems. From what I see, in Victoria the housing seems to start from the 300's.

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Looking into starting on my real estate investing journey. Was wondering if there is any advice about Canadians investing in the US, such as laws or additional costs that I may not be aware of. Would like to connect with fellow Canadians to find out how you got started, how you decided where you would invest, how you found the professionals to handle the transactions and contractors. :)

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All Forum Posts by: Melina Gorosito

Melina Gorosito has started 3 posts and replied 6 times.

Post: Lender loan origination fee-scam?

Post: Can you find me a Fix & Flip where I can make 40k-50k?

Post: Can you find me a Fix & Flip where I can make 40k-50k?

Post: Tips for a Canadian wanting to start investing in SFR in US?

Post: Vancouver investor looking to learn other Canadian markets

Post: Canadian Investor looking for tips and tricks