All Forum Posts by: Glen Morrow

Refinance based on appraised value after I rehab 

I could make 75% work.  Local bank?  Credit Union?  

"no".  Generally need to be owner occupy.

Trying the REI method of buying, rehabbing, refinance, rent and repeat (BRRRR). Have it all figured out but the REFINANCE portion. After several references to try so-and-so, I am not having any luck in the Milwaukee area. Looking for leads.

Check your local building permit department.  Here in milwaukee, you cant pull a building permit unless you have a contractor’s license which requires a state single family dwelling contractor’s license which requires a bond or insurance.

Just found out that i need a contractor's license to pretty much do anything at my rental units. I have an LLC for the purpose of investing, renting and flipping properties. I suppose one could say is in the contracting business. I have left a message for my insurance agent about liability insurance. Does anyone know if this will be good enough? Is there an easier way? Should i contact a speciality company for contractor's liability insurance? For what it is worth, i have done a lot of remodeling and building (in another state).