Garrett Culpepper
Hard money lenders and COVID restrictions
Good afternoon, I was in the middle of two new builds in the Philly market when COVID hit. Construction was closed down for two months due to a city mandate that ate up two months of my twelve-month loan with one of m...
Mike Buckley
Lower down payments
Looking for some general advice on how to keep down payments as low as possible. I always here the cliche "use as little of your own money as possible" but how to investors actually do this? Given today's multi family...
Michael Tyler
Better.com doesn’t mean better rates.
I didn’t see much written on Better.com in the forums, so thought I’d add. Went through their prequal process today. It’s a soft inquiry supposedly. Long story short, it was a not-insignificant amount of time just to ...
Adam Bhatti
FHA loans and refinancing
Hello - suppose I wanted to purchase a fixer upper with an FHA loan and provide some repairs to the house. What would be the best way for me to then benefit from the new after repair value of the home? Should/can I re...
Joe Kahn
Questions on using 1031 funds for new construction
Appreciate any advice on how the following scenarios would work out for a new construction project, for a single family home using 1031 funds:1. Start the project by buying vacant lot with non-1031 funds2. At the tim...
Paul Thompson
Brrrr: Bank said they would refinance with a 15 yr mortgage
Spoke with a bank that doesn't require any "seasoning" before refinancing, however the mortgage would be amortized over 15yrs. Is this typical? This obviously would require higher monthly payments that would eat into ...
Toby Munk
100th post
If there ever was an off topic post . THIS IS IT.
This is my 100th post and following tradition I am announcing it to the world.
Man I now have to start watching how much time I spend on the forum. It's eating into ...
Nigel Dixon
are these loan terms bad or good?
I have been recently using some private money with the terms as following:5 Year Interest Only with ballon payment due at end of loanNo prepayment PenaltiesWill Loan up to 70% of the appraised value of the homeNo Cred...
Morgan Nilsen
Perth Vacation Rental Manager?
Hey, my wife and I have recently acquired a 3 bed 2 bath house in Perth Australia, and we are thinking of renting it out for short term rental. This would allow us to use it from time to time too when we are visiting....
Steven Barr
Thoughts on rehabbing fire damaged properties?
What do y’all think about flipping properties that have a sizeable amount of fire damage?Are there too many unknowns? Does it require pulling permits?Thanks!