All Forum Posts by: Keishee Hill

I know Guaranteed Rate does.

Kenneth Cowan beware that when you use a 203k loan that repairs that are being funded by the loan need to be repaired within 6 months after you close the loan. Also, you will need to have a license contractor be approved by the lender to complete the repairs in order for the lender to approve the loan. That being said, you may have to tweak your plan a bit, because you won't have the luxury of taking 2-3 years to fix up the place.

Welcome to BP! This is a great place to bounce ideas off of people and get your questions answered.

Alicia Landrum welcome to BP! Add me to your buyer list. My focus is SFR that have at least 3 bedrooms.

Paula Raines I would stick with private lenders/hard money lenders that have been recommended to you and someone has used them before. If you don't know anyone in your area, I'm sure there are plenty of people on BP that could provide you a contact and share with you their experience.

@Raimonds Lauzums I agree Walter that if you don't feel comfortable chose a different title company, but what's the name of the title company? Maybe someone on BP has had some experience with them. 

That's normal. The title company is responsible for the exchange of the funds. So at closing when you give your check to them, they turn around and issue two checks out: one to the seller and one to the seller's agent. And then the seller's agent pays your realtor.

Kristen Witte is this your first investment or would this be your first time being a landlord? I am an investor that uses the BRRR method so I would not buy a turn key property. However, I'm quite familiar with the area you are talking about and if you have never been a landlord before, you might want to consider the type of Tenants you may get in the outer layers. You may still be able to get students to come that far out since they would be on a budget and it's close to school, but you may have a yearly turnover. Or if you get section 8 tenants, you have to be mindful of the condition that your property may be returned back to you when they leave. Most section 8 tenants are good, but some don't take care of the property and have no respect for it since they are not paying for it. If you do not plan on buying other properties and don't mind slowly getting your return back, a turn key maybe a better option for you. I think you need to establish your strategy and follow the plan you set for yourself.

I would stick with .com and go with either the first one or last one.

Welcome to BP! What areas are you looking to invest in? Let me know if you have any questions.