All Forum Posts by: William Behring

Looking financing advise for doing an addition or modular home and then sell.  The $/sqft in my area is $500.  My house is 960 sqft and I have land that can be developed to 3000 sqft.  I am on a fixed income.  How do I finance the addition. 

At my age (67) all I want is cash flow.  I also regret not focusing on cash flow at age 20.

thanks for the information 

What forms does the buyers realtor provide for a multi unit building.  Does the buyer or seller agent provide rent roll info?

I think I need to work on some form of hard money.   Thanks for all the replies.

Hi Matthew;

Thank you for your info.  It is very much appreciated.  Right now this the only deal I have.  So I am going to pursue it and hopefully learn something.  I just retired from a 43 year career as an engineer.  So this is new to me.  Your help is very much appreciated.

Regards;

Bill Behring

I am a real estate agent.  I have a client who has changed from W2 to self employed.  How can I find her a mortgage without the 2 year aging.  She is willing to pay a higher interest rate for 2 years.  She has 700+ credit and 20% down.  

Thank You Mark for your kind words. 

 I put the post up to see if I missed anything.  I agree it is going to take time.  Right now the best thing I can do is payoff the credit card debt I incurred to pay for my wife's drugs.  Her drugs alone cost $6500.00 a month.  On the plus side the affordable care act reduced my expenses by $6000.00 per year and I have a $145,000.00 contract for technology services this year.  I am not trying to make a political statement I am just saying it helped.  I certainly had many lessons in my life.  Each time I learn and move on.  Many people that know my story say I should write a book.  Current Plan is to do rehabs to payoff that dead horse then get back into big deals and teach the lessons I learned to those who are struggling.

Regards Bill Behring

Thank You for the reply.  I have looked into HARP and they will only help with the primary loan not the Equity portion.  I am underwater on the Equity loan not the primary loan.  I originally took out the Equity loan to finance a investment property.  Due to the last RE bust of 2008 I lost $150000.00 and my good credit.  I have been trying to refinance into one loan at the current interest rate without success.  I have been helping others to become successful RE investors and entrepreneurs and this is part of what is holding me back.  When I am asked why am I helping others and not myself all I can say is that I have dealing with health issues and bad timing.  Sorry for going into my details.  Thank You for responding.

I have been trying to do real estate deals since 2008. I had large deal with HUD to rehab an old school building. Due to health issue I had to drop it. Then the 2010 bust forced a short sale of a investment house. Now my home has underwater equity loan. How can I refinance with a underwater equity loan.