All Forum Posts by: Tina L King

Hi @John Mason

I am so thankful for this post as well,I have been attending lots of seminars meeting investors, loan officers, agents and a host of others. Here's the deal,I know you have to trust people, but some of the people I've met have been very questionable. I met a loan officer there who wants to work with people who doesn't want to do contracts or assign contracts,from start to finish for a profit. She has done joint ventures and someone defaulted on the loan and she got caught up in the mix, so now she wants to work with investors and their contracts. My question is,is there such a position as that,  and is that legal? I don't know how to do contracts on fix/flip and that's all she wants to do for investors, like a side hustle. Is this common to see? Thank you. 

@Joe Villeneuve I have a similar situation, I have a 743 fico score, with a credit card that have a remaining 12,000 to pay off a 20,000 card. I have a gift that will be coming I'm the amount of 5,000. I'm trying to see if I should pay off debt or run it all up and invest. Thank you for posting 💕

I thank you all for this post because I'm a new investor/buyer that's looking for a mentor for my first project and the amount of people Agents/Brokers that's will to help with a steep fee. I don't mind paying because I do believe in paying my dues starting out in anything. But paying upfront 12-15,000 of money you don't have "at the beginning" is steep. I can see at the end of contract, guaranteed a successful sale,of course I'll pay for your time, knowledge, and appreciation,but at the same time, is anyone really trying to help someone else win and have a successful start. 

@Deal H.thank you for sharing this,because my W2 is taking too much of my time and Turnkey seems to fit with the projects I have in mind. Is there any place on this forum I can learn about the Turnkey method?

Can somebody explain to me what's the turnkey method and please give an example in the difference in cost. Cause this could be an avenue to explore as well. 

Thank you for this reminder, I will be there.

@Garrett Brown Can you tell me what's a home run, and is it common for the lender to change prices like you've stated in this post? I'm a new investor learning the process as I go. Thank you.

@Evan Polaski Thank you for this knowledge, I am definitely looking to shadow someone here in Houston, there's so much I want to learn about before I just jump in. I do have a question about being a first-time investor, would it be better to go in as a traditional buyer, live on property while fixing? because I'm thinking no one can really tell you when to sell your property, since it would be difficult to get a loan from a private/hard lender first off. Is there a strategy for that?

@Virginia VanOeveren I was told being approve for a house (reg. mortgage) and being approve for a loan to rehab the house is two different things. Meaning, If I'm going in to flip a house to sell, I wouldn't necessarily need a reg. mortgage lender. I have a question to that; how would a loan be written up for a house I didn't purchase? Thank you, I hope I didn't confuse you because this is how I got it.

Thank you for asking this question, because I've been going back and forth in my thoughts getting started, it's very scary and I'd feel much better having a mentor to walk me through. Thank you for sharing