All Forum Posts by: Shawn K Hicks

@Jenn Barona @Thomas J. Clifford @Jennifer Turner @Andy Nguyen 

@Christopher Sarmiento Keeping you all in the loop. @Brian Wilhite @John Fifer @Christopher Aubut.

@Will Barksdale Hey Will, I can provide you a whole list of local lenders that will use a local appraiser, provide you great customer service, -and not compromise or screw up you loan.

At the top of my list would be Eric Remy with FBC Home Loans. I'll message you directly.

@John 

@John Fifer John, we're planning on a laid back meeting this Wednesday the 18th. Not sure where yet. We have a more formal meeting planned for January 15th at FL Legal Title. 
By tomorrow evening I'll post where our meeting is for this week after I check around first to see who can make it and where some convenient places to meet might be. I'll include you on the post.

@Jennifer Turner will do!

Our host that was going to elaborate on tax lien strategies, the more in depth breakdown of doing an S Corp on Flips as opposed to LLC's etc had to cancel for tonight. So, let's all still meet up and talk Real Estate and have a cold one.

@Jenn Barona @Andy Nguyen @Christopher Aubut @Jennifer Turner @Christopher Sarmiento @Reid Ferguson

Here in FL there is a lender I've used based out of Jacksonville that can actually do 100% financing for a non warrantable condo (owner occupant only) with options of either a 5 year or 7 year Arm. Are you in Alexandria VA? I can ask the lender if her company offers financing in your state and if not,-is there a National or Regional Company she is aware of that will.

The other feedback you received to just check around with the local lenders in your area is a good idea as well. 
 

@Theodor Kim @Patrick Hancock

Like Chris & Ryan mentioned, the FHA 203k loan is a viable option for you. Whether this financing option is offered with a lender is one thing, it's yet another if the individual loan office you use is familiar with the process. Up here in Gainesville, I've had a couple of clients use the 203k product. It was not so intimidating as the lender they used walked us through the process. The contractors used have to be on the 203k approved list AND so does the appraiser that gets the appraisal assignment. We got lucky as both the contractor & the appraiser had worked on a couple of transactions already,-so they were on the same page.

The loan officer on that transaction let me know there is also a conventional renovation loan available. He made it sound like it might be a more simple process than the 203k, but I'm not sure of the down payment requirement. It may be 5% down or higher. 

Also, there is a fellow Bigger Pockets member down your way that likely can help you find what you are looking. He is an experienced investor. Look up Patrick Hancock.

@Jenn Barona @Jennifer Turner @Clarence Harris @Thomas J. Clifford @Reid Ferguson @Andy Nguyen @Christopher Sarmiento 

Looking forward to seeing everything for our meeting Wednesday. We're going to go into some of the topics brought up at our last meeting. 

@Reid Ferguson it’ll be at the Watson office located at 4516 Nw 23rd Ave GAINESVILLE FL 32606

Just a reminder to everyone our meeting is this Wednesday starting at 5:45/6 P.M. 

@Jenn Barona @Thomas J. Clifford @Andy Nguyen @Christopher Sarmiento @Bryan Marin @Clarence Harris @Jennifer Turner @Reid Ferguson