All Forum Posts by: Roselin G.

Hello investors!

I have a property that I will be privately funding and then planning to cash out refi. 

With the changes to seasoning requirements by fannie mae, I’m wondering how this affects this process.

Any wisdom you can share or anyone who has done this before with using private money/personal loan and then paying back?

Hello,

I've been running into a challenge with financing. It seems most hard money lenders will require in depth inspection/appraisal before closing for foreclosed properties. (though several advertised they dont require inspection/appraisal for funding)

Has anyone used hard money lenders for foreclosed properties that typically require to close prior to appraisal/full inspection? I just don't want to spend time attempting to work with hard money lenders if there's no chance of funding without appraisal/inspection. 

Thank you for any input you have!

Hello,

Still learning options for financing with hard money lenders.

How does hard money lenders typically deal with foreclosed properties? I have a property I'm looking to fund. Thank you for any feedback!

Hello!

If you’ve had success with REOs, Can you share your success and pain points? 

REOs seem like a super secretive, magical RE topic! :)

Hi all!

I have a house with a bathroom that has two separate sink areas but shares a toilet/tub. I’d like to convert to where each has its own shower/toilet.

There is a bathroom directly downstairs that we can connect plumbing with. Curious what you think average cost for this would be? 
I’ve had anywhere from 20k to 75k quoted. Thank you!

Hi all,

I'm pretty new to REI. I'm looking at different contractors.

-I want to add a closet below a staircase

-Take down and add a new trim in dining room 

I have a list of about 8 items, and want to get an idea of how much these items will be so I can decide if it stays or not. I feel that is reasonable.

What does your contractor usually provide you for work plan prior to starting/deposit?

Hello REIs!

Are there new Brrrr folks who are still proceeding despite not being able to pull out most funds?

Hello all,

Those of you who are in real estate full time now and left your w-2:

Looking back, would you have left w2 earlier (assuming income wasn't an issue)

I have a well paying W2 job but its very time consuming/demanding that REI is often on the back-burner.

No, he’s not licensed. He’s a builder who has done contract work.

I do feel bad for the time and effort he’s put in being at the house to have subs in and review floor plan etc but  he’s not transparent about cost at all. I fully understand he has his fees but I dont know why I cant get a rough itemized list.