14 September 2016 | 7 replies
Thanks JasonWhat I am understanding is that if the work being done is somehow faulty ( I think of a plumbing fitting attached wrongly causing a future flood) my property insurance subrogation department would come after my company for the $60,000 flood damage claim wanting my LLC to be responsible for the faulty installation that caused the damage.

16 September 2016 | 2 replies
I'm thinking this would be a good fit for...VA loan for the primary residence.

14 September 2016 | 0 replies
I've visited the building (noticed slightly negative signs that the selling broker wasn't serious or as involved), I liked the renovations and seems like a decent fit for a rental property.

15 September 2016 | 2 replies
John, in working with 20-30 different insurance carriers, I can tell you they are trying to fit a square peg in a round hole.

19 September 2016 | 8 replies
Haven't investigated Finneytown too much but from what I can tell it would fit right in with the others listed above.

26 December 2016 | 19 replies
This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!

16 September 2016 | 1 reply
Now many of the leads that I get do not fit that criteria and I would be willing to forward those leads to you.

16 September 2016 | 6 replies
But finding GOOD lease option buyers to assign to is a much more difficult task, because the reality is that 70% of people who call me on my ads are not a good fit, and likely wouldn't be able to actually exercise their "first right of purchase" on the home after I assign to them before the expiration date.

19 September 2016 | 2 replies
I would imagine it's impractical to even fit 2 separate systems onto a lot if the lot isn't that big.
16 September 2016 | 0 replies
I'm finding that the crowdfunding sites aren't a good fit.