All Forum Posts by: Olya Shumilova

Can anyone recommend in Columbus OH: 1)Property manager (experienced with 35 units and up), 2)Lender for 40 units aprt building, 3)Insurance Company? 

I would recommend to take a Michael Blank course on multifamily investing. You will learn everything you need there. I am a current student there and the program is amazing. 

Originally posted by @Kevin Christensen:

@Olya Shumilova What are the numbers? Maybe an investor cash buy it from you?

I owe $286K and the house worth $400K

Originally posted by @Shaun Weekes:

Originally posted by @Olya Shumilova:

I need an advise on what to do and how to get out of hard money loan. I got a Single home residence and completely gutt renovated. Due to too many steps the house is not appealing to most buyers and i cant sell it. I was trying to refinance into conventional loan and was planning to start to do short term rentals out of it but didn’t qualify based on how my taxes were filed last year. Are there any options for any other type of loans without putting any down payments to refinance out of hard money loan?

 How much is the home worth and how much do you owe?

I owe $286K and the house worth $400K

Originally posted by @Shaun Weekes:

Originally posted by @Olya Shumilova:

I need an advise on what to do and how to get out of hard money loan. I got a Single home residence and completely gutt renovated. Due to too many steps the house is not appealing to most buyers and i cant sell it. I was trying to refinance into conventional loan and was planning to start to do short term rentals out of it but didn’t qualify based on how my taxes were filed last year. Are there any options for any other type of loans without putting any down payments to refinance out of hard money loan?

 How much is the home worth and how much do you owe?

I owe $286K and the house worth $400K

I need an advise on what to do and how to get out of hard money loan. I got a Single home residence and completely gutt renovated. Due to too many steps the house is not appealing to most buyers and i cant sell it. I was trying to refinance into conventional loan and was planning to start to do short term rentals out of it but didn’t qualify based on how my taxes were filed last year. Are there any options for any other type of loans without putting any down payments to refinance out of hard money loan?