All Forum Posts by: Charwak Gummalla

Hello there,

we are under contract for a commercial condo unit which is operating as a bar/ hookah lounge and has 5 years lease just signed in July. We want to talk to lenders and who can get us better terms. We would also want to get some inputs and suggestions. Glad to connect and answer any questions. 

Appreciate it.

Hi there 

i am looking for a home builder to finish a new construction home. The house is 60% built and the builder unfortunately can't complete the remaining of the house for some personal reasons. I am looking for someone to come in and finish it for us. The home is in clover SC.

Please reach out or point out a reference.

Appreciate it so much.

Thank you 

Hello everyone

I am looking for hard money lenders to fund me to close on a foreclosure property. The property is in good shape and great area and neighborhood. The property was foreclosed by the county and auctioned it and the lender bid about 300k on it and no takers. There is about 10 day bid upset period in NC and I can bid on it and win the bid if no one else bids more than me. Else the property will be a REO. The ARV on this is about 475-500k.

Problem is I cannot get conventional financing as I don't have access to interior and a full appraisal is not possible. 

An llenders can help me with funding these kind of deals? Any input is appreciated. Thank you. 

Hey Freddy. Thabks for responding. I'll give you a call. Thanks. 

Thabks for responding @Chris Seveney

At 375 I am making cash flow if I rent it out. When I refinance at say 450, I will still break even with a little cash flow but marginal. My options at that time would be to sell it when the renter moves out. 

Hello BP family,

I need some advice regarding a deal I am looking at.

The property is listed below market and I want to buy it and rent it out. I also want to cash out refi.

Th hhouse is listed for 70k below market. We want to invest 20% and fix it a bit (the house is just 4 years old and just need some tlc. It's listed below coz the sellers are moving out of state and want to get rid of the house. Of course we will do all the inspections and due diligence)

Th goal is to fix it up a bit and cash out refinance it. The market value is about 450 and say we bought it for 370, can we cash out refi after fixing it? Will the appraisal be an issue coz we bought it for 370 3 months back?

Thank you for the advice

Hello BP family,

I need some advice regarding a deal I am looking at. 

The property is listed below market and I want to buy it and rent it out. I also want to cash out refi. 

Th hhouse is listed for 70k below market. We want to invest 20% and fix it a bit (the house is just 4 years old and just need some tlc. It's listed below coz the sellers are moving out of state and want to get rid of the house. Of course we will do all the inspections and due diligence) 

Th goal is to fix it up a bit and  cash out refinance it. The market value is about 450 and say we bought it for 370, can we cash out refi after fixing it? Will the appraisal be an issue coz we bought it for 370 3 months back? 

Thank you for the advice. 

Hello everyone. I'm looking to invest in multifamily in Baltimore. I am a out of state investor. Looking for investor friendly agents to help me buy my first property.

Hi Chris. I have not thought about it yet as that would be my last attempt. I want to see if I can get it with 20%.

Hey Jacob. That is what I am trying to find out if someone can do 20%. I checked with the dscr calculator and it says 1.7 which is good I guess.