All Forum Posts by: Obed H. Bey

If I purchase a small multi-family home 100% cash can I still refinance it OMG since I don't have a mortgage? How does that work? Is it recommended? Do you have any suggestions?

It's so important to get the numbers right to evaluate a property. How do I calculate the numbers? And what should I be looking for?

I'm searching for creative strategies to finance my first MFH deal. I've never done a deal and looking for strategies that work for my unique situation.

There's a house across from my mother's house. The previous owner died and as far as I know the bank seized the property and it's not currently on the market. Not in my niche but it might be an opportunity to wholesale and make a few bucks. My problem is I've never done a deal and been concentrating on my chosen path multi family homes. What 3 things would you say I should do as 1st steps?

Yes. We thought about it. Was trying to avoid it but that might be the way.

Is it possible to transfer it from her name to mine or to an LLC in the future?

Thank you. I appreciate you taking the time.

@Shazia Chiu awesome. Thanks so much. I'm doing some but not all. I've found engaging folks directly has helped in a big way. Finding a mentor would be great!. It's my understanding that asking someone directly to mentor you is somewhat frowned upon and that it should happen organically. How would you suggest I find my mentor? I know she or he is out there just not sure how to go about it.

 Thanks for the advice. How do I find that information about a bank?

By the way a mortgage broker was recommended because they have access to various resources and might be able to point me in the direction of a lender (s) sensitive to my situation.

@Benjamin Seibert thanks so much for the input. Makes a lot of sense. Appreciate you.