All Forum Posts by: Wendy Abraham

Hi! We are looking to purchase a fix and flip. There are so many online hard money lenders. Has anyone used any of them? Who is a good company to use for a first-time flipper. We have 1 STR right now. What are reasonable terms that everyone has seen on a hard money loan?

Kim sion in Pocatello, ID. 

Investment Info:

Single-family residence buy & hold investment.

This is a STR we have listed with Airbnb, VRBO and booking.com

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

Our real estate agent was helping look for investment property and turned us onto the STR

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

We found it with our Realtor

How did you finance this deal?

we used conventional financing and put 20% down

Investment Info:

Single-family residence buy & hold investment.

This is a STR we have listed with Airbnb, VRBO and booking.com

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

Our real estate agent was helping look for investment property and turned us onto the STR

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

We found it with our Realtor

How did you finance this deal?

we used conventional financing and put 20% down

@Tim Herman thank you

Me and my husband are getting ready to jump into investing in idaho. I have some questions I haven't been able to find answers to.

When you purchase a property with renters already in it, does the previous owner give us the security deposit? Or how does that work?

Do you recommend using an attorney to draw up rental agreements or find one online?