Quote from @Kristin Vegas: Quote from @Paul De Luca: @Kristin VegasHow much cash flow is the property producing per month?

Worst case you have zero money and you pay interest for one month on $330 for an “expensive” repair. 

They sit on their *** for 2 months, not a single bite. 

A partner and I began searching, and after coming up empty for 6 months, we were sent this deal by a close friend and ended up closing a month later.

One challenge to manage is being able to clarify for lenders on those rentals (if you have them) which amount of the premium should be paid for each rental so that they do not include the entire premium into their escrow analysis, inflating your monthly payment on that rental. 

MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community -Next meeting is February 11th, 2025

I was able to qualify for about $95k in 0% business credit cards (for 12 months), I then liquidated the cash and used a portion of that to obtain the hard money loan that covered the balance of the purchase cost.

The Property Manager will take half the first months rent if not the whole first months rent.  

Quote from @Kristin Vegas: Hi bp. is it possible to do a HELOC on a house I purchased 6 months ago?

Older homes that aren’t elevated could suffer major damage when the next storm hits.Many expect market saturation in the coming months, as flippers are snapping up flood-damaged properties.