All Forum Posts by: Alon A.

 I mean what is maximum rate that you limit, i think to go over 8% is to much !

9% is crazy. but how everybody do 80% cashout with good rates?

 Oh ok so you are saying i should leave the 30-35K in the "walls" of the property and stay with mortgage 7.75% ?

 So you say to take all money and break even with 9% rate ?

Hey guys

I finished remodeling and im in a re finance process now, im already holding house 3 months for seasoning time.

Im doing the BRRRR, the money i put down for this property is around 40K (for title and hard money expanses)

i have equity in property.

I have already also renter that pays $2400

My hard money landing pay off is 226K.

Property appraised at 345K.

Re finance cash out is 80% so its 276K. Closing costs will be around 20K

it means that i can take around 30-35K to my pocket, but rate will be around 9% for mortgage. it means monthly payment of $2300-2400.

On the other hand my re finance lender can give me loan of rate and term of 7.75% payment of $1981 monthly and cash flow $419 per month.

My question is :  I should break even and take the money or have cashflow in property and pay less mortgage .

Hey guys 

I have people I know telling me that they invest on property  with 100% on loan and 100% on rehab. 

That they recycle money and just pay expanses of hard money lender. 
I wanted to understand how it’s possible 

For example for the Texas property, I purchased in 270K

ARV is 430K

I got 75% ARV from hard money lender for rental purposes , so it’s 322K. 

71K remodel cost. (100% financed)

If the 322K it’s more then 270K , it means its 100% financed ?

In HUD the cash to close of this property was 44K.

I wonder how people do it with less then that , they told me only few thousands expanses and not 40K 

can you explain me what it means 100% finances and how I need to calculate it , I want to use my money better way  

Thank you so much 

Security deposit in Texas. Property is on my personal name

So it means I can keep it in my personal bank account ?

Hey guys

For renter insurance, what type of coverage its need to be , please help me with that, i should send my tenant email and i want to tell her what ot include and for what coverage amounts

as liability and more... i dont know anything on insurance 

the 2nd questions is on security deposit, what bank account should i Keep it as landlord, in my LLC or any account its ok ?

I heard you need put in in escrow but i dont know how to set up one

thank you 

 I did 

Need help with rental property I have in Tampa and advice 

33610 zip 

I purchased house I. Neighbor hood , don’t know if to sell or rent it