All Forum Posts by: Tony Zhang

I am looking for references to any investor friendly realtors in Columbia, South Carolina who enjoys working with investors.

Thank you all for any help.

I'm wondering what will the possible penalty to be if the property we purchased not as our primary residence by using VA or FHA loan after lender found out? Anyone experience have with this?

Hi Everyone!

I'm an investor in Columbia, MD, and I'm currently looking at investment properties to purchase and fix/flip an SFH in Columbia, MD I'm hoping to find reliable and skilled contractors, plumbers, handyman, and electricians to help me with my rehabs. Thank you in advance and looking forward to connecting! :)

Tony

Hi Erik, 

I'm looking to close in 30 days. Does your company provide financing for Fix and Flip loan? If so, does it need to require a business entity to get a rehab loan, or it can close in a personal name? Thanks.

Hello BP,

I've won a buy and rehab property in my local market from auction.com, and I want to use a Hard money loan for this quick fix and flip to sell it for profit, but many of the lenders I talk to only lend money to LLC. Currently, I don't have an LLC in my state, and it will take at least two weeks to get it filed, and the seller isn't willing to wait for me to get the LLC filed. Does anyone know if there are any lenders available to lend the loan under a personal name? Or is there any another suggestion I can go with?

Thank you.

 Hi, did he use the same realtor or changed after listing expire to relisted it?

I believed There's more than 70+ showings since it's listed on the market, this's the only duplex in the 1 to 3 miles radius as it's a rare opportunity to own a multifamily in this zip code (63138). We've reduced price from $179k to $149k and when I purchased this property in 2021 the lender appraisal it with $175k value.

I've already fly in to see this duplex and did some cleaning before I listed it on the market, my previous property manager didn't do the work that he supposed to do, and I've spent a thousand dollar to him after previous tenant moved out. I don't feel trust to anyone locally to help me rehab this property again as I have already loss so much on this deal, I just want to sell it as is and move on. But now I'm feeling it's so difficult to sell this property after it has been on the market for so long.

Hello BP, 

I have a duplex for sale in St. Louis, MO which both units are vacant and can rent around a total of $2000/month, but it's ready to move in or rent. While there are no big problems with the hardware in the house there are a few needs to be done with cosmetically it, since we're the out-of-state investor and I can't manage any rehab work remotely without a local trust property manager and contractor it's hard for me to renovate it. It has been listed on the market more than 75 days and I have reduced asking price multiple time from $179k to $145k. But, I'm still having problem to sell it, is there anything that I can do to sell it? I have already lost money on this deal, and it hurts, but I really want to sell it asap to limit my loss, any of your suggestion is appreciated.

Thank you!