All Forum Posts by: Vernell D Watson

I'm looking for a handyman/GC that does decent work. I have a rental property in Albany, NY that needs cosmetic repairs but everyone I've hired thus far does horrible work.

I need to have some framing and drywall work completed on a 3 unit property in Albany, Ny. Looking for recommendations. Thanks in advance.

Hello? You have to make the deal more attractive by providing more information Aj. 

Vernell

Also, do you have pics?

Hello Al,

What's the ARV on the East Orange property?

Vernell

@Kyle Deutschmann thanks Kyle, I got approved by another bank three days later. 

@Aseel Yerunkar

Thanks, I appreciate that.

Hello All,

I was just wondering. About a few years ago, I initially heard about Delayed Financing through Fannie Mae. It seemed like an awesome product. Recently, I'm assuming, since the pandemic these types of products have become less popular with banks since there is a lot of scared money out there that agencies are fearful towards lending out. Is anyone familiar with Delayed Financing and do you still use it? I've spoken with a few loan officers and they have advised me that if the loan I'm requesting is below 100K don't waste anyone's time because banks aren't interested in small loans. Another thing was that even if you get approved for delayed financing you wont be able to get your money back for 6 months!! That kind of defeats the purpose of using Delayed Financing doesn't it? There are a few properties I would like to acquire that are roughly 60 to 70k a piece. I want them as rental properties so I need to mortgage them. Do private money lenders do mortgages instead of just flips lately due to the pandemic? Any suggestions? I'm in the New Jersey area...

Smart thinking Cassandra. I remember when he said that. Keep me posted and let me know how things turn out. How have other projects worked out for you in the Delaware area?

No, I moved on a long time ago.