All Forum Posts by: Account Closed

maybe ask your GC, but il wait to hear the answers from the more experience people on here.

I agree with all the above, it's a business and do what is best for it,

I have heard of someone using option 3 which has a pool of investors involved in the LLC and the bank gave a construction loan against it.

my only advise is get a good GC even if that means you have to pay a little more, you do not want to have the hassle of chasing someone day and night.  I cannot answer the question about Fannie Mae.

The BRRRR calls to refinance, but this will increase mortgage payments? So how is the increase amount factored in? Also can you take all your money out or do you have to leave at least 25% in the deal?

Current mortgage is 1200, refinance and now mortgage is 1500, so what do you do increase rents?

Thanks

I reached out to Jeff, thanks for the lead

I am asking as I someone told me property there can be picked up for about $10k or so depending off market, then put $15k and sell for about $70, I don't know if it's worth it, I checked but the appreciation is not good there 

Does anyone think it's a good idea to flip in Paul's Valley in Oklahoma?

I listend to the posdcast regularly and I hear that people who have made it are always willing to help those who are hungry and take action. I really want financial freedom and my goal is within the next 10yrs to have cash flow of over $200k a yr.  Thus, anyone who is achieving that or beyond today and lives in LA and would not mind giving me a chance, I would like to invite you to coffee or lunch and I would like to hear how you did and what strategy you used, hard money, private or banks, how you overcom your fears etc etc and eventually be a mentor to me.  I look forward to hearing from the family.

I know the general advise is bring something to table, I can clean your house, wash your car, help your kids with school work, do your shopping etc. In the real estate I am a novice, but I can give back in other areas.  

Just looking for a chance, so I can make a difference to other people around the world.

any responses please.