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All Forum Posts by: Michael Lozana

Michael Lozana has started 3 posts and replied 4 times.

Post: how do I get a repair estimate remotely?

Michael LozanaPosted
  • Contractor
  • Miami, FL
  • Posts 4
  • Votes 2

I'm a cash buyer looking to do my first fix and flip. I found a property in Dayton, Ohio for 40k. ARV is 80k and repair costs are supposedly 20k. how can I get an estimate and would it be possible to manage everything remotely?

Post: Can I use a heloc to do a house flip? How do I do it?

Michael LozanaPosted
  • Contractor
  • Miami, FL
  • Posts 4
  • Votes 2

Thank you, so can I use it for foreclosures? Also is there anyone that I could hire to help me actually find a deal? I live in Miami I doubt I could find one here so I would like to invest in somewhere like Cleveland where the homes are cheaper.

Post: Can I use a heloc to do a house flip? How do I do it?

Michael LozanaPosted
  • Contractor
  • Miami, FL
  • Posts 4
  • Votes 2

I currently own a duplex and have one side rented on airbnb. I'm living on one side and renting the other on Airbnb.

Mortgage is $2k per month and airbnb is generating $3500 gross per month.

the bank just approved a heloc for 250k. Is there any way I can invest that in something?

can I buy a house with it and flip it? if I can I'd like to remodel most of it myself.

or are there better ways I can invest it?

Post: what can i do with a $250k heloc? can i use it to flip a house?

Michael LozanaPosted
  • Contractor
  • Miami, FL
  • Posts 4
  • Votes 2

I currently own a duplex and have one side rented on airbnb. I'm living on one side and renting the other on Airbnb.

Mortgage is $2k per month and airbnb is generating $3500 gross per month. 

the bank just approved a heloc for 250k. Is there any way I can invest that in something? 

can I buy a house with it and flip it? if I can I'd like to remodel most of it myself. 

or are there better ways I can invest it?