All Forum Posts by: Jon Klaus

Welcome Rlynne!

What kind of SMBs do you find funding for?

I did not even know this was possible. I have a property that I am currently trying to sell and the "high taxes are killing the cash flow. I surely will try this and see if I have any success. Thanks all for the input."

You need to be well prepared to present your case. Comps, condition, price paid, etc.

Was it in a smaller county? I recently got one lowered by 15% in a small county just with a phone call. I sent in a letter afterwards confirming the conversation and reduction, but they told me that wasn't needed. I'm starting with a call from now on and stepping it up from there.

"what makes land residential and what makes it commercial?"

I'd say officially, zoning, and unofficially, highest and best purpose.

10%. That's what I'm paying for my private money, too. Thanks.

Hi Drew, welcome. I'm in Dallas and just getting started with lease/options.

Sounds like a good plan. Have you landed a new job or does your investing have to pay all the bills?

Tim, what were the terms (ballpark) and rate of your private loans? LTV?

A reporter writing a book on the housing boom buys a 2-family in Idaho because he thinks it will make a good story for his book. It would have been much easier if he spent some time here at BiggerPockets.

http://www.newsweek.com/id/201838/page/1

I am buying HUD's for cash to hold and to lease/option. What is the current situation for cash out financing? What LTV's can I expect and who should I go to for these? Will appraisals be based on my purchase/rehab cost? I'm buying for 35-50% of tax appraisal.