All Forum Posts by: Patrick McGrath

@Dave Poeppelmeier

Congratulations!

@Kim Hud

Congratulations on your first deal, very exciting. My food for thought is $190k renovation on your first deal sounds intense. Does the property really need that extensive of a rehab? That's almost 50k a unit. Are you gutting these to the stubs? Can you find something that need a mild rehab and still get the same returns?

Either way good luck and wishing all the success on your first deal.

@Forrest Faulconer

I’m doing one right now. 75% cash out on SF @ 3.625 for 30 years. Have $120k equity!

Yes! My Agent has a full sleeve and he is one of the Top Agents in Maryland for the past 2 years. Doesn't really matter these days.

@Alexander Lee

Alexander I am MD investing in Anne Arundel and Carroll County. You just have to be diligent!

Good luck, there are always deals out there just need to find them.

@Adam Witek

Shop it! I'm getting 3.625 on a 4 unit with 25% down and 720.

@Danté Belmonte

Nice work! Where are you getting the 85% LTV was this a owner occupied or second home?

@Rodger Curbelo

Get that credit up. Go to a local bank. Get a personal loan for $1000 and pay the loan back with the loan money in like 4 months. Call all collections and settle with them for them to remove or change to paid in full.

Bump that in the 650s. Use some saving to get your credit right.

@Marvin Bobb

We have 10 units and use Venmo, works great for us and the tenants.

@John Fider

Go with anything that has the padding on the back. If it has the attached padding it usually pretty good stuff. We have a woodfloorsplus.com near here where all the contractors go. I order all my flooring from here and have my contractor pick it up day of install.