All Forum Posts by: Cody Neumann
Cody Neumann has started 8 posts and replied 393 times.
Post: How to get a house in today’s market using an FHA loan ?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Douglas Chasse
Try credit unions/portfolio lenders. I have had buyers get a conventional loan with 5% down.
Post: Budgeting for Rehab

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Boomie Olusanya
Jon is right! Great book
Post: First Time Flipping Houses

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Justin Rifici
Make sure you know your numbers and buy right! Don't budge on your max payment by falling in love with the deal.
Focus mostly on high ticket items such as roof, siding, windows, foundation, furnace, kitchen, electrical, plumbing, bathroom.
If you aren't good at estimating rehab costs yet it may be worth getting a contractor in there to give you an estimate.
Post: Repair shed or remove shed on a long term rental

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Corin Prendiville
Is there a garage on the property?
If so take the shed out. It wouldnt add much of any value and isn't worth the added expense.
Post: How to get preapproved without a full time job?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Alvin Gonzales
It depends what your goals are in real estate. If you are looking for a primary residence you will typicallyneed a full time job. If you are looking for a rental you can get private money or a commercial loan
Post: Question on refinancing?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Chris C.
You should be able to do a rate refinance as long as you have owned the house for 6 months to a year typically
Post: New investor from NYC interested in out of state - Midwest

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Paul Walker
I live in Wisconsin. I’d be happy to connect
Post: Eviction Direct Mail

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
What exactly did you write in the letter to the seller, are you still using this method and how is it going? Thanks
Post: Agent telling me to increase buy offer. Is this normal?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Kyle Danielson
That sounds a bit shady. You legally can’t get info on what other offer prices are but some agents do give it out for some reason…
Post: Hey pros! How are you estimating cap ex?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Justin Manges
Capex are big ticket items like roof, HVAC, plumbing and windows etc.
Repairs are smaller items that can come up like repairing a leak or repainting or fixing some other miscellaneous small item.