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All Forum Posts by: Account Closed

Account Closed has started 4 posts and replied 17 times.

Post: Connecticut Contractors

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12

Always looking for contractors! Send me a PM and we can talk.

Post: Costs of conventional mortgage

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12

Thanks for the replies guys. The loan seems legit as we are in the final stages now, appreciate all the information.

Post: Costs of conventional mortgage

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12
Hello, I am currently purchasing a SFR in the state of connecticut and as I was looking over the loan, some of the fees looked a little high. The loan will be a second mortgage for me and owner occupant. The lender will also be including roughly 75k of rehab in a total of 210k loan amount with a 4.9% rate. Origination Charge is 2023 Appraisal is 550 Credit Report 65 Flood Certification 16 Inspection Fees (draws) total 600 Title Search 200 Lenders Title Insurance 900 Settlement Fee 850 Title Update Fee 225 Any insight as to what is out of line if anything would be greatly appreciated, I am new to these loan amounts. Thanks!

Post: Connecticut Contractors

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12

Thanks for the PM's. 

If you are a contractor in the New Haven County area including Wallingford, Southington, Middletown, Meriden and are looking for immediate and continuous work send me a message I would love to talk to you!

Even if your not available but still doing work in these areas I would like to connect for possible future projects.

Post: First Flip Connecticut

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12

@Jaclyn P. Experience is the best teacher in my opinion, I researched myself to death and still felt I was in over my head. 

Feel free to reach out any time I would be happy to talk about my experience as long as I throw in the disclaimer that I am by no means an expert.

 Good luck with your flip!

Post: Connecticut Contractors

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12
Hello, I am currently seeking a general contractor for a property in Wallingford, CT. Looking for someone who has experience in large SFR renovation projects everything from A-Z.Must be able to start his project in the next month or two. Any referrals would be greatly appreciated if things go well i look forward to doing continued business with the same person. Post here or send me a PM! Thanks.

Post: New Investor From Connecticut

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12

@Melissa Gittens Thank you for the warm welcome. I have posted a little more in depth about the flip here

https://www.biggerpockets.com/forums/223/topics/31...

Check it out let me know what you think.

Post: First Flip Connecticut

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12

@Account Closed You can finance rehab costs with certain types of loans depending on your specific circumstances.

When you are ready send me a PM and I can give you contact information to some mortgage brokers in the area that specialize in these types of loans if you are interested.

Post: First Flip Connecticut

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12

@Brendan Griffin Staging was done by my landscapers wife. She had some extra furniture in storage that we paid to use for a short time. I do not know of any staging companies in the area but I am sure they are out there. I have heard others use rent a center / Aarons with success but I have not personally looked into it.

Post: First Flip Connecticut

Account ClosedPosted
  • Investor
  • Wallingford, CT
  • Posts 17
  • Votes 12

@Dumitru Anton

I am at work now I will have to dig through my files but I will find out for you when I get home.