All Forum Posts by: Robert Tucker

@Dan Johnson 

Thanks for the reply.

They absolute best lending situation for someone who is flipping and converting to a long term rental is a fix and flip line of credit. We provide this so that clients do not have to re fill out and re apply for every property that they pursue, AND it can convert to a 30 year amortized loan free of additional fees (points). 

So you will not have to scramble with a hard deadline, balloon payments... ect at the end of your fix and flip term, as I see many investors do unfortunately.

Hi Everyone,

I have years of experience in the private money finance sector. Looking for new and interesting topics and questions for blog posts.

So what are everyone’s questions and topics that you would all like to see answered and covered?

@William Coet

Are there any foundation problems?

The most important question you can ask and investigate/confirm yourself.

@Nick Cooper

I have done both. I started with all cash, now I use financing.

@Bryan Rome Glad to have helped out.

If you want to get in touch and discuss other things further let me know.

@Bryan Rome

Its always wise to cashout if you have another property lined up to invest that money in to increase overall cash flow and profitability.

Just pulling money out to do it, and sacrificing current cash flow I have seen to have bad results with my clients over the years... money seems to dissapear when it is just sitting in your account.

@Stephen Sloane

They are great for a number of reasons.

Less time partaking in loan doc filing and more time finding more deals.

Less lender requirements

Low interest rates 4.75-5.4% interest rates currently

If you need more help, let me know directly

@Phil Winn wholesaling is over saturated, over publicized and over rated now.

There are other ways you can make money in real estate other than wholesaling.

@Codi Rails

Pretty easy, contact titleone of colorado and make a request. Tell them Robert Tucker sent you.

@Mathew Fuller

I dont know what your guys' source is on hitting some sort of ARV ratio to avoid pmi... but you would have to refi to take pmi off of your loan.

It has been years since lenders have stopped charging pmi based off of ARV without refinancing.