Alex Gallardo
What’s are the advantages of a 203K FHA?
7 November 2017 | 4 replies
.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage) When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it.
Danielle G.
HELOC - Private Res and LLC Question
6 November 2017 | 2 replies
So if you are flipping homes, you fix, flip, payback your HELOC and do it again.
Bob Woelfel
Owner Finance/Partnership advice
5 November 2017 | 0 replies
How could I structure this where we fix it, I list it and also get a % of the profit at the end?
Amie Perryman
Looking for hard money or partner in fix/flip
5 November 2017 | 4 replies
I have a property identified for a fix and flip.
Jerryll Noorden
YAY, I bought my first "buy and hold"!
14 November 2017 | 40 replies
Now, what you can do is provide a quality property to a low income individual and fix problems as they present themselves; that would be doing a huge service to them and to society.
Mark Ainley
Looking for company/crew for shoveling & salting
4 January 2018 | 2 replies
We are open to fixed monthly rate or per snow occurrence charge.
Chris Porter
Fix n Flip
6 November 2017 | 0 replies
Hello all! A little background:I'm currently deployed over seas, I'm actively looking for a way to make the most out of the capital that I'm accruing while I'm out here.. especially since i don't have any living expen...
Kevin Fontleroy
How do I JV with someone and use hard money
6 November 2017 | 2 replies
hey guys,I was asked by a friend if he could invest with me on a fix and flip.
Dan Wickland
Re-Introducing myself! From Australia moving to Ohio!
21 November 2017 | 25 replies
My goal is fix and flip my way to use the profits to buy and hold Multi Family.
Sidney Aulds
Personal Investment Priorities
8 November 2017 | 6 replies
Do a renovation, fix the landscaping, etc.