All Forum Posts by: Andrew Postell

@Justin Young just from a negotiating standpoint it's usually a good point to let the other party offer first. This may not be the best place to talk about advanced negotiating tactics but they might be ok with you without you saying anything! Their offer might be 0% down. You never know. So don't offer your information first. Ask if they are ok with seller financing and have the ability to do it on this property. There's a lot of different paths here but if they say "What's that?" then you may have to talk about what it means and talking about an interest rate and how much they make on seller financing might come up first before DTI, etc. I hope this helps.

@Dean Weltman just Private Messaged you.

You are both welcome @Andy Webb  and

@Stuart Chinworth.  Did you see this article too? Forbes best cities to invest in 2017

@Joan Brown Ok, that sounds normal.  I was a little confused by the 15/20 reference in your initial post.  But yes, conventional loans on an investment property do allow 15% down and you won't likely find more generous terms than that.  Thanks!

The Dallas Metro area is booming but it looks like Jacksonville, Florida is in a close 2nd.  What do you think? Where To Invest In Housing In 2017 according to Forbes

@Sandrine Rangeon this sounds like you own this property already?  Why aren't you thinking of just using a conventional cash out loan?  Hard money loans serve a great purpose and fill a BIG void for investors but for what you are describing it sounds like you should be able to do a conventional loan.  If I am misreading this then let me know and I can leave more accurate info.  Thanks!

@Samson Tefera your first flip or your 100th flip, hard money is a good tool to have at your disposal.  As you progress you may have lots of other options but there are a lot of "seasoned" people that use hard money.  It's another tool to have on your tool belt.  

@Brad Nichols help me with the understanding here.  The attached 2 story-townhome is one building in total?

@John Claborn it sounds like you are talking to portfolio lenders. Is there a reason for that? Conventional guidelines allow a 30 year fixed rate on an investment property. Conventional loans allow to refinance on the ARV on the property as well. Let me know if there's something else to consider and I can comment more. Thanks!

@Charles Trussell Personal Guarantee Loans, Home Equity Loans, Cash Out Refinance Loans, Credit Card Loans, loans from family members, etc.