William Collins
BRRRR next brick in the wall
28 January 2017 | 21 replies
I've been watching the MLS for multi's in the manchester area and seen nothing like what you're pulling off
Eric C.
When is the buyer legally the new owner
17 September 2016 | 3 replies
9/12 was the official COE used in all paperwork so all fees/interest/taxes started on this day.
Account Closed
MLS access
28 September 2016 | 6 replies
How do I gain access as an Investor to the MLS so that I may pull comps in Texas since we're Non-disclosure?
Matthew Olszak
Hard Money for New Construction (Sort Of)
19 September 2016 | 6 replies
Currently in court with the city because permits were never pulled to demo the existing sfh and add second floor.
Eric Bate
Sellers are having trouble getting their renters out. What to do?
5 October 2016 | 17 replies
*Sellers will pay any fees associated with extending the closing date.
Josh Sicotte
Any lender recommendations for 80-85% LTV refi?
15 September 2016 | 1 reply
And what kind of points/fees are typical.
Leland S.
How much to put into rehab?
24 September 2016 | 23 replies
I would assume you will need to pull permits and etc so you can register and sell it as the comps, your area .
Bob Collett
Wholesale Markup
16 September 2016 | 6 replies
We agree to my assignment fee and close the deal.
Ben C.
Interior Demolition Question
17 September 2016 | 10 replies
If you are replacing the main service as well, they need to pull a temporary pole as noted by @Aaron McGinnis or use a generator.
Jason Krick
First Deal!!! LLC, Commercial Loan and 401(k) Loan?!?!?!?
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!