All Forum Posts by: Nicole (Dunlap) Pendergrass

We have a local PM company in place, def not going to live there I'm about 2 hr drive away

 Girl I completely feel you!  Mine are still super young (3 and 1) so sometimes it feels impossible to still get things done, and anything I DO get done takes way longer than it should lol.  I'm constantly struggling between wanting to build my RE and wanting to spend time with them now... because by time I'm "free" to spend time with them, they'll prob be in school and won't be around during the day.  It's a crazy double edge sword... but just do one step at a time and be consistent and you'll get there :-)

Thanks so much (yeah I love these socks man)...  financing was from a community bank in the area. it was 255 down 4.25% rate and yes my partner and I just split the down payment/closing costs in half, no additional investors.  But because I plan to do more this year and all my capital is tied into this deal, I'll have to partner up with other investors.

Lessons?  I wish we would have better repair costs estimates going into it so we could have applied for a construction loan upfront, but everything moved so fast at the beginning and by time we had some better estimates, we didn't want to have to postpone closing again and have the seller looking for ways to get out of the deal :-/  So in addition to our extra capital, now we are looking for other ways to finance repairs 

Thanks Kenneth! Such a small world that you go to his meetups lol... how'd you find out about that since he's based in nyc?  Good to see I have someone else to reach out to in the Lehigh area :-)

Thanks and sure! Message me :-) My bio also has a little more detail about my journey, but I love chatting about RE :-)

 Ultimately a spring board for generational wealth.  I don't plan to sell (I mean everything's for sale at the right price lol) - more immediately, I want to be able to fire my W2 and work on my RE full time :-)

Yes they def looked at ALL my financials LOL - I refi'd on a 3-family house, so most lenders don't look at the building's performance for 1-4 units because its still residential. I had a hard time too because my DTI was too high (but only bc of the write offs on my taxes). I got a little less than 80% LTV

Niiiiice!!! Love to hear this!  Yes Ill message you and at least tell you want I did as an example :-) 

Very perceptive :-)  Love that scripture and yes I was raised in the church.... I think faith has just been instilled in me and it's something I can't shake!  That coupled with a little bit of naiveté sometimes (LOL) keeps my feet moving.  The cross is actually the F in faith :-)

Life changing is the best description!

@Josiah Patrick Zebarth @Frank Vanegas @Christian Decker @DJ Dawson @Taylor Wrice-Brooks @Saudi Garcia @Ivan Ng @Chris De Celle @Mitchlyn D. @Sonia N. @Charleston Moss @Maria Koch @Kevin Leonce @Tom Wagner Thanks you all SO much, I appreciate the kind words and support! def a great way to start off the new year and I'm glad my story can give some hope that things will work out if you put the work in!

@Justin Bowman @Andy Crawford - I like to give as much details as possible, it makes it more "real"

@Enrico Angella - thanks! One of my mentors invests in the US from New Zealand, so you can do it!

@Timothy Lewis - the socks are a MUST lol, you gotta get some