All Forum Posts by: Charlie Zelaya

@Bruce Woodruff many investors. I heard many different stories. If what you said is the case then so be it, I’ll learn from mistakes

@Erik Estrada I doubt I’ll need the whole six months, I’m looking at 3-4 months max to rehab

@Erik Estrada 6 months

@Sam Walls been talking to a lot of people, and yes I heard of hard money lenders but haven’t went down that rabbit hole yet, I’m just glad I atleast have options to borrow money to rehab a property, thank you!

@Matthew Crivelli of course! My agent is showing the ropes on the math from purchase price to the ARV and the difference of the cost in between and also I have a friend who's a millionaire who does fix and flips mentoring me the way as well. My dad is contractor and specializes in remodeling homes who can also give me a quote on repair cost. I own to business that produces almost 7 figures in sales so I feel like I got some tools in hand to take this risk

@Erik Estrada right now Amex got me at a special rate of 9.99%

I’m talking to my lender right now on qualifying to get a loan to buy the property

Hello, this is my first rodeo on investing in a run down house, my Amex gold business card approved me to spend 120k and I got approved for a line of credit for 50k. This will be used for repair cost and down payment

Any advices going forward? Am I on the right track?