All Forum Posts by: Ahmad Houston

Quote from @Scott Mac:

Hi Amad,

A lot of the guys and gals have already addressed the question directly, and I think this place looks like  money maker as is.

So I did a mockup with the foliage cut back and popped in a few more thoughts that came to my mind.

Would these thoughts be money makers, I don't know, as I said before I think it looks good just the way it is--I like it--it looks rentable.

This is just a conceptualization of some of my thoughts--if things cost nothing to do.

Good Luck!

 Hey Scott this is really cool im not sure how you did it but would you be willing to put something like this together for me to present to investors because i all some ideas similar to what you already conceptualized and would like to have that to show them ...or just tell me what program you used to create it 

Thank you all so much, I was super overwhelmed yesterday and you all have given me so much informatio. I was able to find a bank to do the heloc and im going to be reach out to a couple of you for some additional resources .. thank you all again 

Quote from @Steven Foster Wilson:

Quote from @Ahmad Houston:

So I need help figuring this out. I bought this gorgeous brick Duplex right before the market went up for 60k and at the time i purchased it because i had a partner that was going to finance the rehab (35-45k). the ARV is 150-190k but they backed out. I ended up pressing forward with the property and made a rookie mistake being frustrated with my partner backing out, I started gutting the upstairs unit place myself. Later found out from navy fed when i went to get a HELOC that because the unit upstairs was gutted that i couldn't access my equity until the unit is put back together. So Im stuck now trying to find the money to finish the project and access my 100k in equity.

I also own a 3br 1b house free and clear with a long term renter paying 650/mth 

please help me figure this out or point me in the right direction on how i can get over this hump and on to my next deal

 You can definitely use the free and clear property or you could ask for someone to invest. I give my private money investors 12% interest. Could you ask someone in your network/family/friends? Before you do that though you have to know your plan, how much will it cost, and how long will it take. 

The issue is finding a bank that will do a HELOC on a property thats not a primary residence. Do you know of any ?

Thanks for the info ...My thought was exactly the same with my 3br house but the issue is i dont know where to go to get a loan on my investment property. my local bank wouldnt do a heloc on it because i dont live there and i have ran into that issue a couple different times and i ultimately dont want to sell the property if i can use it to leverage. Do you know of any banks or programs that i can reach out to on this ?

So I need help figuring this out. I bought this gorgeous brick Duplex right before the market went up for 60k and at the time i purchased it because i had a partner that was going to finance the rehab (35-45k). the ARV is 150-190k but they backed out. I ended up pressing forward with the property and made a rookie mistake being frustrated with my partner backing out, I started gutting the upstairs unit place myself. Later found out from navy fed when i went to get a HELOC that because the unit upstairs was gutted that i couldn't access my equity until the unit is put back together. So Im stuck now trying to find the money to finish the project and access my 100k in equity.

I also own a 3br 1b house free and clear with a long term renter paying 650/mth 

please help me figure this out or point me in the right direction on how i can get over this hump and on to my next deal