All Forum Posts by: Ondrej Brown

Looking for any real estate attorneys , any recommendations in the Cleveland OH area ? Thank you.

@Dan Maciejewski Thank you !

Getting ready to list my first property available for rent. It’s available for a tenant, to move in August .

When should I start advertising my property for rent ?

When should I start showings for my home , for serious candidates who meet the requirements ?

What is some of the requirements a bank might be looking for and doing a refinance process with a mixed -used property ? 2 store fronts , with a 2 units up stairs.

Thinking about using HML to purchase this property with tenants inside already. But I want to refinance or use HELCO as soon as possible to get out & pay off that hard money lender without quite doing the rehab or major renovations on the property. Would this make sense and is this move possible ?

Have you tried asking for a FHA loan with the banks. That allows a person to put 3.5% money down of the purchase price. So for an example if you guys found a house for 100k. With the FHA you only would put $3,500 down payment on that 100k house. Ofocurse FHA has strict conditions for the property you looking at.

Typically people use HM or Private lender do help fund their flips & rehab. Hard Money is always a known go to move/ Just can get real expensive sometimes. But with a exit plan  you should be fine.

Drop some other financing lending, other then traditional bank loans.