All Forum Posts by: Ham Merritt

@Tommy Spijkers Lender?

@Dan Wickland I grew up in Toledo. Great place to be. My parents still live there. I do carry an Ohio license so let me know if I can be of some help to you. Welcome to America and best of luck to you.

@David Becker an investor cash flow portfolio product is what you are looking for. I will PM you with more information.

@Erin K. Did you get a second opinion on the mortgage loan? I am not aware of a mortgage guideline that would prevent you from qualifying because your self employment income is too high. I would keep looking into the conventional mortgage loan options. PM me if your interested in more info regarding this.

@Account Closed I think it depends on what your comfort level is as well as your experience/background. I would use it for a flip. I would put 15% down on a single family purchase and flip a property in a desired market with a target on the move up buyer. 

@Tim Sisk Welcome to the community. Best of luck to you in C-BUS. 

@Lisa D. Hamblin Winter is a good time to work on a flip. Secure it now and plan on working on it throughout the winter. The idea would be to have the home ready for sale as soon as the winter breaks. You are correct, depending on the weather some exterior items may have to wait. What is your strategy for financing your flip?

@Cody Geil-Crader Welcome to BP. Best of luck to you. Would love to connect and chat about strategies related to investing in OH. 

@Phillip Davis I will PM you

@Tetyana Hubska it depends on the conventional lender and the product. Yes it is possible however, there is a line to be drawn with conventional lender with regard to that. Many conventional lenders will not finance on anything worse than a C4 condition. The property would need to be livable at a minimum. There is defiantly more red tape with conventional lending however, it can be done. I use conventional lending for my fix and flips however, I buy livable properties.