All Forum Posts by: Vitalii Lunko

Does anyone know if I need a regular or some investment property Homeowner insurance?
This is a single family house which is going to be rented in 2 weeks.
Thanks

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Quote from @Jake Baker:

@Vitalii Lunko

I use ClickUp to track the timeline (task management) of all my flips: Underwriting > Escrow > Rehab > Sale

I use QuickBooks Online to manage all of the finances/accounting.

I use DealCheck to underwrite my deals.

That what I was thinking, but it should be integration between quickbooks and clickup
Do you use any?

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Quote from @Mark Miles:

I've been using Airbnb and VRBO with great success, but i figured maybe it's time to create my own web site that accepts online bookings. Lodgify seems to specialize in this. Anyone using Lodgify? Pros/cons?

Anyone using one of Lodgify's competitors for this? Pros/cons of them?

A lot of bugs there

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Hello,

I am wondering what tools does everyone use for a house remodeling.

I use google sheets and tried to switch to clickup but clickup is very bad with numbers.

Any other tools to manage tasks and truck expenses in tasks and subtasks?

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Quote from @AJ Exner:

I would think that you could just refinance it as long as you are a member of the LLC. You might need to get signatures though if there are other members of the LLC.

Didn't know that. Nice)

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Huntsville, Alabama

Quote from @Andrew Postell:

@Vitalii Lunko this is super easy to do. Any experienced loan officer should be able to show you how to do this with no additional work to you. As long as you qualify for the loan, we just make it part of your closing packet. No need for you to do anything ahead of time.

I think the more important question is, can you qualify for a loan that would provide "better mortgage terms". And if you can, maybe we should be speaking with a lender that can show you how to do this. If you haven't been prequalified yet, then let's do that first...to make sure we can qualify.

Hope all of that makes sense.

Thank you

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Huntsville, Alabama

I am wondering if I can record a warranty deed on my name to transfer a property from LLC.

I need it to get a better mortgage terms and it's possible while the property on individual.

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Huntsville, Alabama

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $469,100
Cash invested: $40,000

Propery with potential to convert 3/2 to 4/2
Good area for appreciation and cashflow.
This property going to cost double in 10 years.

What made you interested in investing in this type of deal?

tourist area and the best schools

How did you find this deal and how did you negotiate it?

Zillow, Buyer credit

How did you finance this deal?

convcentinal mortgage

How did you add value to the deal?

Converted 3/2 to 4/2
Hot tub, gazebo etc

What was the outcome?

Ongoing

Lessons learned? Challenges?

Need to do inspection after house is empty. For-sale staging usually conceal something

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, no

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Quote from @Jason Wray:

Credit Unions usually do not offer DSCR loans you want to use a NON/QM lender or Bank. DSCR is not a QM mortgage so most credit unions do not offer that type of debt service loan.

If you can qualify using income I would suggest using a portfolio cashout refinance or just a conventional refinance.

Can you advice with this option? If you can qualify using income I would suggest using a portfolio cashout refinance or just a conventional refinance.

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All Forum Posts by: Vitalii Lunko

Vitalii Lunko has started 15 posts and replied 42 times.

Post: A second house on my way to 1000 houses

Post: Homeowner insurance for investment property

Post: What CRM or Tools do you use for House remodeling?

Post: Lodgify vs other sites to host your vacation rental web site?

Post: What CRM or Tools do you use for House remodeling?

Post: Transfer ownership from LLC to a personal

Post: Transfer ownership from LLC to a personal

Post: Transfer ownership from LLC to a personal

Post: An Affordable Paradise

Post: Can I find credit unions here?