All Forum Posts by: Adam Camacho

@Roland Paicely I spoke to RE Agent. She said it was a scam and reported it to the local PD. 

Please add to your list. [email protected]

@Scott England I actually have your company name in my contact list! I will PM you later today. 

Hey BP users, 

I'm in need of a painter and roofer. I got an estimate from each but they seem kind of high priced. Any thoughts? 

Painter said he will charge $2.50 SQFT. the house is 1122sqft so that'll be $2,805 labor only. 

Roofer said he will charge $6,500.  

Also, the house is located in Sperry, OK.

Thanks in advance! 

Email me the details too! Have a Merry Christmas! 

Mark, 

Is this property still available?  

BP Friends, what is wrong with this idea? I have a friend needing 15K for one year, and he is willing to sign over two home deeds over as collateral free and clear and both appraised at 25k each house. He can not get an HELOC because he doesn't have the credit or a steady income (W2). Here is my question:

1. Does it make sense to transfer the deeds into my name and then take out an HELOC to purchase another two properties (for me) then pay the original two properties off with another HELOC after a year so I can transfer them back to him? I have a full-time job so thought it might work this way.

@Michael Henry Thanks for your feedback. Yes, I will change the gross income for a more accurate number.  

Hi @Jay Dewberry, thanks for your feedback. I thought the rehab number was a little low. I will pay extra close attention during the due diligence phase. 

Hi @John Leavelle, yes, I do plan on house hacking. I plan on paying as a tenant living on the property. Is that not the typical way of doing things? Thanks for your replies!  

All,

I would like for your feedback on the following offer. This duplex will be my first investment property and scared to make a bad deal that will follow me for years. I'm confused about the Monthly cash flow. Is it always this high utilizing an FHA loan?