All Forum Posts by: Jamilu Umar

Thanks to Bonnie , Steve ,and Erick for your advice. we closed today. Now time for rehab .

thanks a lot Bonnie . I will look into it . 

Hello Bigger pockets members. I am closing on my first Brrrr property on Tuesday.

I have a private lender willing to fund the purchase, I will fund the rest of the fees and rehab cost.  My question is, do i need an attorney to write up an agreement between me and  my private lender, or will the title company handle all of the process?

Second question: The loan agreement with my private lender is for a 6 months interest only. I plan on refinancing as soon as possible, what are my options in terms of refinancing a rental property without much of a seasoning period? 

Thanks in advance for all your input.

Nice to meet you Jodan . 

Welcome Ryan . Nice to meet you 

my name is jamil. I am a new investor in Bellingham / Blaine WA. I have leaned a lot and met a few people on BP . I am very excited about my investing future and all the unlimited content on here. 

Hello everyone.

I am looking at a mix use commercial property in my area. what will be the best way determine its market value ? . I know that the houses are in need of work, and the property is on septic. Rent are below market value . See description. Thanks 
 
Light industrial zone (LIL) on 2.55 acres with high freeway visibility and a convenient location. There are 6 homes on the property being sold as-is, and 5 are currently being rented with a gross monthly income of approximately 5k per month. Utilities paid by owner. Zoning would allow for Office space, Personal and Business services, Billboard, Transportation and public utilities,

@Donald Thomas

Congratulations Donald. Not sure if you mentioned this or not . How long is the seasoning period before you refinance ? And whats the interest rate on it now ?