All Forum Posts by: Richard Morency

Welcome Courtney,

One great resource in our area is the Rhode Island Investors Meeting, held every third Thursday of the month at the Hilton Garden Inn in Warwick. It is great for networking, finding cash buyers, as well as getting recent news about properties in the area.

As previously mentioned, two great books that I have referenced are J. Scott The Book on Flipping Houses and The Book on Estimating ReHab Costs. Both have been very helpful when I begin investing and working on deals.

I look forward to working with you. Best of luck!

Richard

What I recommend is for you to go to a mortgage broker and ask him to check to see if you can get pre-approved for a mortgage and if you don't get approved, Ask him what you need to do strengthen your credit so you can get approved.

Hope this Helps 

1. Thanks for all the help guys 

yes it did, also would you write the name of the deceased on the envelope or a name of a family member

Hi guys and gals

Quick question, what address should I make my mailer to. Should I be to the address of the deceased property or the address to one of the family member on the title??

Hello, 

I am looking at purchasing a multi-family property using a 203K loan and I was speaking with my mortgage lender. He advised me that in order to get the loan I would be required to use a general contractor on a pre-approved list by the bank. However, I already have a group of subcontractors that I want to do the needed repairs for a better price. How do I get the bank to approve one of my contractors or myself as the general contractor in order to get the repairs done?

Thank you for your advice!

Richard 

Renegotiated the price of the property with the seller and currently am wholesaling for $145,000!!!!

I have negotiated the price with the owner and I am now wholesaling it for $145,000!!!

Some of the homes in the area have been revitalized. It has seen improvements surrounding the area.

This property consists of 2, 3 family homes on one lot and is located at 20 Bernon St in Providence RI. The property is currently generating $4100 a month in revenue!! The property has a new roof, new siding, new water heaters, new boilers, and plenty of parking. LOOKING FOR CASH BUYERS for $160,000!!!!! This property will sell QUICK!!