All Forum Posts by: Nancy Lucca

It seems like all the contractors with good reviews absolutely won’t come out and give u an estimate. Do you have to pay them? How do you find one when you re first starting out?

The property is in an informal probate. They said it has already been through the courts so no court confirmation is needed. How long of a due diligence period would I get? Am I able to put in contingencies? For California. Thanks.

What things do I need to be aware of with buying a probate sale? Does it take longer to close? How long to close? Stupid question: but would I need to pay the mortgage for a long time before closing? Or u don’t start paying the mortgage until it closes? What else? It sounds like I am able to use hard money. On this particular property it says “no court confirmation is required and the highest bidder takes the property.” What does that mean? Is that any different than any other probate sale?

Can you use hard money on a probate sale? In California? Does anyone know? Or is there any hard money lender who would fund the sale

Just wondering wheres a good place to find a contractor for flips. How much should u pay for an estimate? Do you have to be present when they take the estimate? Or can you just have them send you pictures to prove they were there. 

How would I calculate what my interest only payments would be for say a $500,000 house? Which calculator do I use? And for the term? Do I put in 12 months?

So once u get a hard money loan and it gets funded, how soon do you have to start making payments? What if your flip takes you 3-6 months? How do people typically make the monthly payments while the flip is being renovated? Thanks everyone 

What’s the contact info? Thanks

Looking for a realtor in the OC who is experienced in investment property and flipping.

It’s not really a secret like the other guy mentioned. All you have to do is google “how to pay off your mortgage early with a line of credit” there’s a million YouTube videos on how to do it and the guy mentioned Velocity Bank’s training program. I was just wondering if people thought it was legit or if anyone had done it, anything to watch out for etc. and I googled myself and there’s more BiggerPockets forums on the topic from years past. Just wanted to make sure people knew what strategy I was talking about before they gave advice. No reason to get all in a tizzy.