All Forum Posts by: Stephen I.

I started a REFINANCE since the beginning of November with these people(RCN) and provided all the requested documents and appraisal payment on the same day. 3 months later, i still don't have a closing date. Excuses after excuses. Then they have the nerve to come back to tell me i have to pay for another appraisal. If this isn't a scam, then i don't know what to call it.

Hi @Ryan Saulle , can you please PM me the Hard money Lender details? Congrats on your sale. The house looks really good.

@JR T. Thanks for the info but it's in Smithsburg I actually need a Contractor. I thought because Hagerstown is nearby, i would see a lot of them there.

Hello, i am looking for a General Contractor in Hagerstown or Frederick MD area. Any referrals would be appreciated. Thank you

Hi All, I am thinking about using Lendinghome for my first flip. Has anyone used them and please tell me your experience with them. Based on my discussion with one of their officers, their process seems stress free but i wanna be sure still. Thank you.

Sorry about the reference to "Joe", i was initially going to send as a PM to "Joe".

Hi Joe, i read your message on a post i am following. It's with regards to the subject above.

i am a new REI in Maryland and I have been a little reluctant contacting lenders due to a few reasons. I have a house in mind that is being offered for sale at $75,000 and based on the pictures i have seen, i am estimating repairs to be around $15,000 or less. I checked the comparable homes that were sold on the same street within the last 8 months and they sold between $145,000 and $160,000. I believe this would be a good investment but i have a few questions. 1. Should i schedule a viewing of the place first and go with a contractor so i can get an accurate estimate of the repair cost? 2. should i contact HMLs first to know if i'll get a loan so i don't waste nobody's time (i.e; the Contractor and the Agents) being that it's my first? I am not sure of my chances with HMLs because it will be my first and i can't do traditional loan beause of all the money i'll need to put down upfront. I have $10,000 to put into it. What are my chances with HMLs or PMLs and if my chances are good, please point me in the right direction. Thank you.

I need a real estate agent representation for some properties in Westminster, MD. Please PM for details.

Thank you

Thank you, Yes he is GC and will be subcontracting most or all of the work. @Casity Kao thanks for that idea.

Hi All,

I am a newbie from Westminster, MD. I have done quite some research and read a lot about REI and i am ready to get my first investment property.

As part of my research on learning how Contractors charge investors as opposed to retail, i met a contractor whom i seem to like and if i'm told on here that he's fair, i'll keep him.

He told me he works with other investors and he charges them 15% of renovation cost. i.e; He bills for Materials and Labor and he charges 15% on total of both. My question is; isn't Labor part of his profit? Also, i am sure he would've marked up Material cost.