All Forum Posts by: Akkiemaj Frederick

Are hardwood floors worth the investment? As in for equity for refinancing. 

Has anyone used window liquidators in montgomery IL? Their windows are extremely affordable but the company lacks reviews. And boasts 24/7 answering service.

Anyone have any other companies that sell custom sized windows for DIYer/ contractors? Im in Pa but willing to travel for price

Has anyone used window liquidators in montgomery IL? Their windows are extremely affordable but the company lacks reviews. And boasts 24/7 answering service.

Anyone have any other companies that sell custom sized windows for DIYer/ contractors?  Im in Pa but willing to travel for price. 

Besides home Depot, lowes, ikea and cabinets to go, where are you guys shopping for kitchen cabinets, bathroom cabinets, flooring and tile?

Thank you all for the info. 

Im going to use 203k loan for my forever home. The property definitely needs a lot of work, but it is the school district and acreage we want. Since the property has been on and off the market since 2014, is it safe to say that I could negotiate a price like half of whats being asked?

Im looking to purchase a 4plex built in 1895 for 90k but relator.com says the home is worth about 55k.

Will the home value being lower than the purchase price cause issues like trying to refinance later?

 Jim Thanks for the insight. Well said. I was thinking the same thing like whats in clairton, and for the property to be so cheap why hasn't someone else snatched it. Thank you. 

There is a scattered site portfolio available in a smaller city near Pittsburgh. Includes 64 individually deeded units in one housing plan with tremendous upside potential. 8-10 units currently rentable. 3 structurally unstable units possibly need to be demolished. 51 units require gut rehab including water/sewer, gas lines, new electric service, windows, doors, roofs, furnaces, hot water tanks etc. Ad says "Great opportunity if you are in construction or have significant experience in construction and rehab."

All for 99k. Taxes 18k year

Well my husband and I are new new new to investing and construction. Although we come from a plethora of construction members in our families, including electricians plumbers and roofers. And we have no money. we could make this happen through seller financing, but I worry that it will be hard to fill up 64 units, we don't know the area that well it is a b/C area. Not a bad place. Just not in Pittsburgh. 

And even if we do get a great deal for seller financing, where do we get the money to rehab all of these properties? We are not worried about turning a profit immediately but we don't want a negative cash flow. 

We are in the midst of house hacking a 4 unit multifamily and I keep telling myself not to rush anything yet this seems like a deal...64 units for about 1500 each. Yes plus work. 

I am a little confused. I finally lined up a few properties where the owner agrees with seller financing but I'm not sure of the terms that I should agree to. Why would I agree to pay more than the sellers are asking... Same with the bank why would I finance a property thus ending up paying more than its value due to interest?

The property is at 40k, the sellers agreed to 4% down with 6% interest. But how long should I agree to the terms. I definitely don't want to have negative cash flow and want to turn some profit even if it's $100 a month but that would bring me-too about 7 year finance unless I do a balloon payment after a few. Still the process is better than a 30-year FHA but how do we make money if we are paying so much for a property that's not value this much?