All Forum Posts by: David Zheng

After you refinance, you'll get a check and whatever difference you have from the ARV and debt obligation you have will be used to pay off the investor.

when I first started investing, I would usually have to call 30-40 banks/lenders before I got a maybe. I literally called local banks in other states, internet lenders, etc.

Most of them will have the same reason not to lend to you. (history, empty promises, DTI, credit, Reserves, Equity, etc)

if you're starting out investing, I would suggest getting something closer to you and seeing it first. Once you become a seasoned investor and know how to get out of deals and know more about condition by pics and word alone, you can offer without seeing it

Needed this. thank you :)

I own a couple condos and despite what people usually say they are my most stable investments and I haven't had a maintenance issue in any of them in over half a year.


most people have said my thoughts so my only input is that your insurance is pretty high. Its more in the realm of $10-15/month since you're only insuring the inside and personal property. your HOA fee will cover their building insurance.

business is business in the end. You are just looking for what is best for yourself. remember you aren't forcing anyone to do anything so if they accept, its on them.

If you think they took a bad deal, well...I guess they didn't care enough to look for a better one elsewhere.

emotions will kill you in this building if you let it.

Start an LLC and get a commercial loan

I started laughing when I read the terms. and no offense, but with over 1000 posts, you should've been able to spot the HUGE red flags from the get go.

no loan term, a static rate, "my attorney", upfront free instead of having everything figured out at closing.

Woot! I see youre from south Africa. That's pretty cool but I'm sure is also a totally different market from here. Google any local REI clubs first and start your networking

I was really hoping for pictures. Disappointed.