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All Forum Posts by: William Dolinko

William Dolinko has started 6 posts and replied 18 times.

@Chris Briscoe hey Chris can u share your experience with Phil from freedom mentor

I’m in the process of buying my first rental investment and I am using a hard money lender I had a question for you. He said he will  finance 90% of the loan hundred % of the rehab with four points I would have to come up with my closing cost and pay the full points upfront. Have you ever done or herd of  anyone negotiating that as far as may be giving another point to do the hard money lender if they agree to pay 95% or hundred percent of the loan?

@Jay Hinrichs hey jay are you or where you a hard money lender?
@Gainet Mata got any private lenders you can refer me to ?

Post: Opening up a llc Corp

William DolinkoPosted
  • Posts 18
  • Votes 1
Is there a way to open up llc for free or at least a lot cheaper then have a CPA do it???
i need to know once i take over the commercial building and start the process of applying for Co for Residence the Tax Assessor told me that taxes can not he changed to Residence taxes until co is Established and i have until march 1 2019. if co is not changed hy march 1 i will have to wait till jan 2020 to reapply for correction in taxes is there a way around this if i dont get co change In time ? FyI below is the deal i also could use some help in figuring out if this is a good deal ?? The rehab is 40k plus architect and converting the C of O back to residence (2family) which will be another 40k so 80k -100k highend. But my brother who I plan on putting in one of the units is disabled veteran in wheelchair so the program he is in will cover the rehab (30k) to convert his unit into wheelchair accessible ,bathroom ,kitchen ,wide doors etc.. 487- list price 100k rehab/ converting 20k closing cost hard money interest -12% plus 2 points I have to put up 10%as well House was appraised as is 570k Based on that info you think it is a good deal? FYI..... also It is a daycare center right now but before that was a single family home so architect said should not be a problem to convert BACK to a two family
Trying to figure out if it is a good idea to use hard money for my first investment or use FHA first time home buyer loan?

how do I rsvp?

Post: Bethlehem PA

William DolinkoPosted
  • Posts 18
  • Votes 1
@Chad Jarrah hey chad I would love to pick your Brain on flipping and Analyzing deals I’m just getting started and having a bit of trouble with doing all the math and Expenses I’m from New York not to far from you. Would Appreciate any help thanks
@Alina Trigub would love to get more info on how to sign up for such a boot camp I’m from New York