All Forum Posts by: Shuai Zeng

Question especially for flip and holder. 

Lets say you purchase a home at $30,000. Repair total up to $10,000. Do you have an appraiser to value your new home on a equity loan? or do you go to bank to apply for a new equity loan and wait for their appraised amount?

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@Brian Youshimura

Just wondering, have you ever travel out of state? I'm sure there is lot's of Great places to invest in, but without doing your homework you'll just be wasting money. Ever thought of invest at places you went to before? The way your asking, is like give you a city and you'll go and start there. Each city has good and bad, and if you never been there and no connections you can really screw yourself over. California is over price, but places that's too cheap and far can be a really PITA.

Also, you be surprise at how many people have the cash in their bank sitting around.

It is what it Is. Cash is Cash. Cash offer is having the money in your bank, wire to title company within the time frame and close it. Cash offer usually close as soon as 3 days, or can be same day too if everything is ready. Finance take 2 week or longer usually. So cash is cash.

Welcome to BP.

I'm really confuse on your title, and still confuse after reading what you wrote. If you see a market, then go for it. 

Your problem will be your income to debt ratio. Are you working or just your husband? Are you trying to do conventional or FHA again? Under the correct situation, you should be able to apply for a vacation home, or second home loans. If you are working, then just apply under your name for your second, if you qualify. If your not working, and your current income to debt ratio is high with the new loan. You will not qualify for new homes unless you find either a private lender, or hard money lender.

Thanks for the reply guys, I'll check back with the detail billing tonight.

Hi All,

I got a question for you all. My property management has been keep fixing the plumping for the past year and this year 3-4 times already. Each time it would cost me around $150. Should I just replace the entire kitchen plumping with a contract plumper when I get the chance, or it'll still leak?? I have no ideal how it's leaking since I'm not near the property.  

No, the Deed is a General Warranty deed under another person trust. But I have no ideal what trust that is.