All Forum Posts by: Odie Ayaga

Mostly working through a backlog of books but I just picked up How I Built This by Guy Raz based on a podcast I listen to by the same name. That's next on my list

It's less about favorites and more about fit depending on what the investor needs

Hi @Jason Gurvitz. What kind of research are you looking to have performed?

Would your plan be to use the equity in the first to cover all the costs associated with the second? If that's the case, even if you could get all 22K out it wouldn't be enough for a 100% financed hard money loan. You're gonna need to put together more money

Your down payment would be based on your purchase price of 100k. The inverse of this would represent the LTV your lender is willing to go up to. So if your lender was offering you 80% LTV you would be paying a down payment of 80K. They are bound, however, by their maximum ARV.Also worth noting all of the different definitions lenders apply to the acronyms. in our area lenders LTV is as-is value and ARV is after repair. It differs elsewhere.

It would depend on the LTV the lender is offering. At 100% financing I'd think you're closer to 200K with cushion. As your LTV comes down so does your buyability

@Sebastian Chaco yes they will require an origination fee

Talk to lenders first. And there's nothing special about a foreclosure (an REO) other than it's owned by a lender. There are REOs that are in better condition than owner-occupied sales.

Welcome @Derek Morgen! Are you looking to house hack?

Couldnt tell you for sure but they probably are right. These aren't lenders on the residential side