All Forum Posts by: JonPaul Kessinger

I'll definitely be calling an attorney today, I wasn't looking for a pocket deal but a friend of mine knew someone wanting to sell their house but didn't want to post it and brought it to me. I have been using a realtor but haven't found anything on the MLS yet.

Hey guys I have a killer deal on a pocket listing from an older lady who wants to move into a retirement home. It has a 49% CoC! But I don't know where to start, we have settled on a price. What Should I do next? Speak to a lawyer or a title company? Any advice is appreciated.

 I haven't gotten the letter let, the first duplex I am working on getting is a pocket listing. My old boss is selling his house and it has an additional unit on it. But he isn't moving out until mid-July or August. So after talking to my lender he thought it would be best to wait a month until I get it so it doesn't expire halfway through the deal. @Frank Avallone II

 I am talking with a local lender from a community bank about the first one. But I haven't spoken to him about the other two because I wasn't sure if I wanted to be in a spot where I did not have any reserves. I have added closing costs into my total cash needed for the down payment. @Andrew Garcia

Thanks for the insight, we both have fairly stable jobs. We both have good support and would most likely be able to get support from family if something came up. Do you have any other suggestions on how to raise the down payment in order to keep some of our cash in reserves? @Frank Avallone II

I am looking at purchasing 3 duplexes, but the 20% downpayment is going to eat up all of my current capital. These will be my first deals.  My wife and I are currently employed and have large savings. Should I pass on one of the duplexes to save some capital or purchase all 3 to capitalize on these deals? All 3 have been recently renovated and would cash flow almost 2k a month according to the bigger pockets calculator.

I'm looking for a property management company in the Charleston WV area. I live near Beckley and do not know any current investors in Charleston. If anyone knows of a good reputable Management company please let me know!

Hey guys, I'm a brand new investor looking to start my first BRRRR. I'm looking at buying a fixer-upper for 35-40k in cash, then pulling my money out on a refinance. My question is since I'm buying a home in cash do I have to wait to refinance it or can I a few months after I buy it?

This house is located in a decent area with mostly 80-100k houses around it (good in my area of southern WV). I'm looking to refinance it fairly fast because my boss is selling his house in 2-3 months and is going to give me a deal on it. It has a newly renovated apartment on top of a detached garage and the house itself has had a new roof, kitchen, bathroom, and flooring, all within the past 4 years.

Hey guys, I'm a brand new investor looking to start my first BRRRR. I'm looking at buying a fixer-upper for 35-40k in cash, then pulling my money out on a refinance. My question is since I'm buying a home in cash do I have to wait to refinance it or can I a few months after I buy it?

This house is located in a decent area with mostly 80-100k houses around it (good in my area of southern WV). I'm looking to refinance it fairly fast because my boss is selling his house in 2-3 months and is going to give me a deal on it. It has a newly renovated apartment on top of a detached garage and the house itself has had a new roof, kitchen, bathroom, and flooring, all within the past 4 years.