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13 December 2024 | 13 replies
I have done fix and flips in Columbus where appreciation is strong, and I own a duplex in Toledo, OH where the price to rent ratio favors housing providers.
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16 December 2024 | 35 replies
Lenders will often still want to see a personal balance sheet.The problem with a SMLLC that is disregarded for federal income tax purposes is that you may decide to bring on partners or flip to an S Corp a few years down the road.
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9 December 2024 | 0 replies
Investment Info:Single-family residence fix & flip investment.
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6 December 2024 | 7 replies
Do you plan on doing multiple flips or just one?
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10 December 2024 | 36 replies
And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.I can understand that rates aren't what they are when you close as when you get quoted, but if you offer a "rate lock" and use that term, you need to stick to it even if you aren't required by law to do so.
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11 December 2024 | 6 replies
Got involved with a hard money lender, they were looking for investors in the Pittsburgh Area to flip homes.
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8 December 2024 | 26 replies
However, here are a few options:Private Lenders or Hard Money Loans: These don’t require traditional documentation like a W2 and are often used for fix-and-flip projects.
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6 December 2024 | 4 replies
The BRRRR method and house flipping are both fantastic strategies, especially if you're resourceful and willing to put in the work.If you’re working with limited capital, partnering with others or exploring creative financing options like private money lenders or seller financing might be worth considering.
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6 December 2024 | 0 replies
Also, what would you recommend about getting a property to fix and flip or rent?
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14 December 2024 | 13 replies
We've flipped quite a few houses so should be easy but funny to see the Quid pro quo nature of it haha