All Forum Posts by: Reggie Maggard
Reggie Maggard has started 80 posts and replied 326 times.
Post: Title Insurance
- Blue Springs, MO
- Posts 353
- Votes 52
Originally posted by @Scott Freer:
First deal investor here. I have found many REO listings I like but by the time I get to see them all and make an assessment, they are gone. I have an 800 FICO and I have been researching real estate in my area for a decade. I just can't seem to get financing in a timely manner without putting up 30k for a 70k house. There has got to be a better way, conventional is killing me. oh and by the way I own a 500k house and owe 300k on it. I have a portfolio worth a least 500k, but why should I risk tens of thousands of dollars of my own money. someone talk me off the ledge please I have yet another offer in on a house pending.
I'm in the same boat, my credit score was only 780 though????. I'm taking that home equity and doing a HELOC or negotiating a special deal (lenders are competing for my biz!). Then I'm buying something this holiday season, rehab, and get some positive cash flow going, and then refy cash out as much as possible. Rinse and repeat (I think that's the term, disregard if it's wrong). Best of luck, love to here how things turn out since we are in similar proverbial boats.
Originally posted by @Scott Freer:
First deal investor here. I have found many REO listings I like but by the time I get to see them all and make an assessment, they are gone. I have an 800 FICO and I have been researching real estate in my area for a decade. I just can't seem to get financing in a timely manner without putting up 30k for a 70k house. There has got to be a better way, conventional is killing me. oh and by the way I own a 500k house and owe 300k on it. I have a portfolio worth a least 500k, but why should I risk tens of thousands of dollars of my own money. someone talk me off the ledge please I have yet another offer in on a house pending.
I'm in the same boat, my credit score was only 780 though????. I'm taking that home equity and doing a HELOC or negotiating a special deal (lenders are competing for my biz!). Then I'm buying something this holiday season, rehab, and get some positive cash flow going, and then refy cash out as much as possible. Rinse and repeat (I think that's the term, disregard if it's wrong). Best of luck, love to here how things turn out since we are in similar proverbial boats.
Originally posted by @Scott Freer:
First deal investor here. I have found many REO listings I like but by the time I get to see them all and make an assessment, they are gone. I have an 800 FICO and I have been researching real estate in my area for a decade. I just can't seem to get financing in a timely manner without putting up 30k for a 70k house. There has got to be a better way, conventional is killing me. oh and by the way I own a 500k house and owe 300k on it. I have a portfolio worth a least 500k, but why should I risk tens of thousands of dollars of my own money. someone talk me off the ledge please I have yet another offer in on a house pending.
I'm in the same boat, my credit score was only 780 though????. I'm taking that home equity and doing a HELOC or negotiating a special deal (lenders are competing for my biz!). Then I'm buying something this holiday season, rehab, and get some positive cash flow going, and then refy cash out as much as possible. Rinse and repeat (I think that's the term, disregard if it's wrong). Best of luck, love to here how things turn out since we are in similar proverbial boats.
Originally posted by @Scott Freer:
First deal investor here. I have found many REO listings I like but by the time I get to see them all and make an assessment, they are gone. I have an 800 FICO and I have been researching real estate in my area for a decade. I just can't seem to get financing in a timely manner without putting up 30k for a 70k house. There has got to be a better way, conventional is killing me. oh and by the way I own a 500k house and owe 300k on it. I have a portfolio worth a least 500k, but why should I risk tens of thousands of dollars of my own money. someone talk me off the ledge please I have yet another offer in on a house pending.
I'm in the same boat, my credit score was only 780 though????. I'm taking that home equity and doing a HELOC or negotiating a special deal (lenders are competing for my biz!). Then I'm buying something this holiday season, rehab, and get some positive cash flow going, and then refy cash out as much as possible. Rinse and repeat (I think that's the term, disregard if it's wrong). Best of luck, love to here how things turn out since we are in similar proverbial boats.
Post: My first hard cash money made $3,900.00 on Realestate
- Blue Springs, MO
- Posts 353
- Votes 52
How did you finance?
Post: How many people use the BP Analysis Tools?
- Blue Springs, MO
- Posts 353
- Votes 52
How accurate did you find it to be?
Post: Multifamily properties with only 1/1 units - are they useless?
- Blue Springs, MO
- Posts 353
- Votes 52
Post: Another Rental Property! (This time a townhouse)
- Blue Springs, MO
- Posts 353
- Votes 52