All Forum Posts by: Todd Jenkins

Thanks for recommendations @Edo Y.

The way I understand it is that you get a hard money loan for the purchase plus rehab all in one. Use that to buy and fix the property. Get it rented out and then take that property to a bank and get it refinanced on the new appraised value and use that loan to pay off the hard money lender

Hey BP, I purchased a 2 family rental in February of this year. I inherited a tenant from one unit and renovated and recently rented out the second unit. I'm starting to think about how I'll purchase my next rental and would like to see what options are out there. My mortgage is 132k on the current rental and it is worth approximately 240-250k. Since banks will only do 70% LTV on multi family non-owner occupy refinances is hard money my best bet? Thank you in advance and btw I'm in the NJ area

I inherited a tenant and switched them over to paypal by explaining the benefits for both parties. There's also zelle, cash app, and venmo and I'm sure many others. For me there's no wasted trips to pick up cash and for them they dont have to make a trip to the bank