All Forum Posts by: Paramvir Singh

@Sahaj Bhakta Seller financing and sub to are great if you can find a seller who’s open to them. Look up Pace Morby’s videos- he has great videos on all types of creative financing

@Sean Farrell I’ve had Del Val Realty manage my properties and it’s been going great

Have a VA do the initial call and send you the warm leads for you to follow up on. That's the way anyone who is doing any sort of volume is doing it.

Chris Warton from First Ohio Home Finance can help you out

Re/Max Haven Realty is the only PM company you’ll need for the Cleveland area

85% is high for cash out. I’ve never seen more than 80%. If anyone offers it, it would probably be at a super high interest rate.

In terms of whether the prices are too high or too low, the only way anyone can answer that question is comparing these prices to one or two other bids from other GCs. With that said, there’s definitely a couple of items that stand out as being a little high

As long as your confident you have the margins to get enough cash out on the refi to pay off the personal loan, it's a good idea. Keep in mind when it comes to refi the property, if the personal loan reports to your personal credit(most of the online personal loan providers do) that monthly payment will affect your DTI.

I’ve been 100% satisfied with ReMax Haven Realty in managing my two properties in the Cleveland market.

Something I don't see recommended a lot is putting down a super high EMD- something in the 40-50k+ range. If your cash to close is lower than that(with a VA loan it probably will be) you will simply get the excess refunded at closing. Combine this with an escalation clause and suddenly you're a lot more competitive.