All Forum Posts by: Mike Miller

@Jack Smith

No, I didn’t. I ended up using some standard forms and editing them to fit my situation. If you come up with anybody, I’d be interested.

👌

When is the next recession?

1988 single-wide

Bought for 3K

Rehab was 5.5K

Total investment: 8.5K

Rented for $575 a month

Try a local bank. I just did a refi/rehab loan with one in my area. They paid me my purchase price plus 100% of the rehab cost. Interest rate is 5.75%, 5 year ARM, 20 year loan.

Bump..

I had a real estate mentor who said that he had been at a RE conference where the speaker asked for all those in the crowd to raise their hands if they had been audited.

Out of a crowd of 200-300, only 2 raised their hands.

😲

Have you?

Any backstory or juicy detail is bonus points.. 🏆

The more deals you get under your belt, the more your comfort zone grows, the less fear is an issue. Fear in a sense is a good thing too. It can keep you from doing something stupid.

@Kris H.

What market are you in?

I agree, check with local banks. Huntington wanted six and twelve month seasoning for any refi. I checked with a much smaller local bank and got way better terms and options. I still like Huntington for their HELOCs tho..