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All Forum Posts by: Wells Lange

Wells Lange has started 9 posts and replied 123 times.

Post: Using a pesonal loan for down payment

Wells LangePosted
  • Indianapolis, IN
  • Posts 125
  • Votes 50
If you’re using conventional financing, the lenders aren’t going to want funds from an unsecured loan to be used as a downpayment (no borrowed or gifted funds). I’m assuming hard money lenders are the same because the borrower having skin in the game lowers their risk. However, you can use money from a secured loan for a downpayment and they’ll simply add in the new payment of that loan into your DTI calculations. For example, if you own your car outright, you could borrow money against it and use that for a downpayment since it’s a secured loan.
How many units you buying in Augusta?

What do you guys think about this?

http://www.foxnews.com/world/2017/07/10/canadian-landlord-fined-12g-for-not-taking-shoes-off-in-muslim-tenants-home.html 

Post: Newbie from Augusta, Ga

Wells LangePosted
  • Indianapolis, IN
  • Posts 125
  • Votes 50
Welcome

Post: How much do you pay for granite countertops?

Wells LangePosted
  • Indianapolis, IN
  • Posts 125
  • Votes 50
$34/sf
$7500 per meter..????????? Hmmmmmmmmmmmmmm

Post: Should I take out a pink cast iron tub???

Wells LangePosted
  • Indianapolis, IN
  • Posts 125
  • Votes 50
You can get that refinished for $500-600 all in. I've done it numerous times in augusta

Post: What is your COLLEGE DEGREE IN!?

Wells LangePosted
  • Indianapolis, IN
  • Posts 125
  • Votes 50
Kinesiology....lol If I could go back I would have done economics or finance, something broad and relevant

Post: Too Big Of A Jump To Apartments?

Wells LangePosted
  • Indianapolis, IN
  • Posts 125
  • Votes 50
Go for it

Post: Should I give up on buy and hold?

Wells LangePosted
  • Indianapolis, IN
  • Posts 125
  • Votes 50
Yeah just give up, cause that's the right answer..... nah man, persevere and get it done.