All Forum Posts by: Daniel O.

Also, have any of you personally used homepath.com or homesteps.com?

Thanks Guys!
Ive gone on homepath.com and it seems they are mostly online offers. Would I have to refer my agent to this website?

I was looking to purchase rental properties. The agent I spoke with stated i'd need at least 20% down which is more than I anticipated.is this true?
Can I use an FHA loan?? any and all information would be helpful. Thanks in advance.

Ive provided the Hard Money lender with bank statements. I dont have a specific property yet because i wanted to find financing before i waste anyones time. I was hoping i would find something cheap and possibly use some of those funds for the renovations.

How does a commitment letter written by a hard money lender work? if a hard money lender writes a commitment letter for $180,000 will this be the total amount loaned? will it be cash given to the buyer or directly handed to the seller?? Im new to this so any and all information will be a ton of help! thanks everybody!!!

How do investors pay their real estate agents?? I know its percentage but is it a percentage after you've made up costs for the rehab??

As many investors have said, the profit from a flip really comes from the front end of the deal. I have done some research and will probably use a Hard money lender. The group im looking at will lend up to 60%-65% of the ARV. With that being said i will have to come up with a good way to estimate the ARV of a home. If i do this right I may be able to even use a little bit of that money to renovate certain things in that home. Does any one have any suggestions on how to estimate an ARV??

I don't have a specific deal or anything. Some homes have wooden frames that ive seen and i was wondering if stucco would increase the ARV. but i think it would depend on the numbers like it was previously stated.

I see some houses in my area that are pretty low in price. However some houses look pretty old and would look alot newer with stucco. Would it be profitable???

can you guys explain what you mean by %15-%25 After Repair Value??