All Forum Posts by: Curtis Harvey
Curtis Harvey has started 8 posts and replied 139 times.
Post: Investing in MF in Fresno, CA Area
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@Anmmar Alsaggaf Please send me over the information to my inbox?
Post: Asset Base Loans - No Income Qualifications - No DTI Requirements
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@Michael Oakley Please send me your information and contact via DM.
Post: Found Money, How do I Accept It
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@Osazee Edebiri What you are trying to do is syndication. There are plenty of information on BP about that. Just search the forums for information. You could also accomplish this with setting up a LLC and giving your investors shares.
Post: Back from a Break! Southern California Member!
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When and where. I am in Orange County!
Post: POCKET LISTING: BRAND NEW 4-UNIT in LOS ANGELES
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@Shayna Nadeau Can you send me photos and where is the property located?
Post: Inland Empire Fourplex Opportunity - Realto
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@Philip Tun Is this still for sale? If not, do you have any others?
Post: First Time 1031 Exchange First Time Southern California
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Robin,
What is the property that you have now? What is your real estate strategy? Identifying your next property or properties is the next step for your. Once you find it and have a buyer in place for your current property then the rest is easy. Do you have a company that has done many 1031 exchanges in place. I would only work with a team of people that have done this before in your area.
Post: 2.0% TURNKEY 4-Plex Ft Smith, Ark. $2,050mo rent - ONLY $99,900
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@Jeff Filali Is that a or below market for the area?
Curtis
Post: Will this work for you?
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Jason,
Have you ran the BRRRR calculator on the property? Do you have financing or are you going to purchase this with cash? What are your real estate goals? How much cash flow are you aiming for? Is that price for the property at market or below market pricing? If you could answer these questions I can help you figure out if it would work.
Curtis
Post: Cash out Refi Terms.... What is customary? Length of term?
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@Bryan Crow If you ask a question 10 times you may get 10 answers. If you only reached out to one bank, I would have at least called 10 lenders( regional banks, Credit Unions, and Conventional as well). They will all give you different rates and terms. Do no let give you and answer and assume that all of them will give you that same answer. I have had some quote me similar terms and other with better terms.
Something that is most important is there enough of a difference between the purchase price plus repairs and the ARV. Remember cash out refi is great but make sure it is within your investing strategy. It works great in the BRRRR strategy in cases when the force appreciation has value.