All Forum Posts by: Lisa Parker

I have rented properties that I own outright that need to be rehabbed. I am in the process of finalizing plans to building 3 new houses (for sale) on the adjacent lots. I need to raise 100k for the permits, drawings, surveying, and to get me to the first draw of my 3 home funding package.

@Emily Wiu Would you happen to have a home warranty on the home?

@Emir Dukic. Can you send me information as well?

@Noam Adler thanks!

Hello, I’m looking at several single family properties I can purchase from 15k to 25k each in an area projected to appreciate quite well over the next 10 to 20 years. I’ll perform mostly cosmetic upgrades (all brick homes) and then rent out as part of my long term holds. I can afford to start purchasing them cash but want to finance them to get mortgage interest benefits (if we still get any going forward). I have a mortgage on my personal residence, good cash flow, low debt, and 780+ credit score. Is there someone that will offer me a 30 mortgage on an investment property with a 25k price tag that’s unoccupied and needs minor upgrades? I don’t want to waste money going the hard money refi route. If not, how should I accomplish this task?

@Evan Parker

If the original residents have the opportunity to benefit from the increased values, I’m ok with it. If they maintain their property and gain their equity, that’s how it should be. I believe certain areas do not appreciate based on things other than the condition of the properties. When the gentrification starts, decades of slow appreciation is made up in a few years. The original folks should be able to benefit from those years that their property didn’t appreciate properly AND receive some sort of tax benefit that prevents THAT from forcing them out. The problem I have is when all the predatory lenders show up and push products on residents that they KNOW these “customers” can not afford.

Hello, I’m looking at several single family properties I can purchase from 15k to 25k each in an area projected to appreciate quite well over the next 10 to 20 years. I’ll perform mostly cosmetic upgrades (all brick homes) and then rent out as part of my long term holds. I can afford to start purchasing them cash but want to finance them to get mortgage interest benefits (if we still get any going forward). I have a mortgage on my personal residence, good cash flow, low debt, and 780+ credit score. Is there someone that will offer me a 30 mortgage on an investment property with a 25k price tag that’s unoccupied and needs minor upgrades? I don’t want to waste money going the hard money refi route. If not, how should I accomplish this task?

@Daniel Lynch

You could present it to her that you are a team building (saving) towards the next investment and if the bank sees a lease for half of the duplex it will make it easier to qualify for the next purchase. Tell her this is part of her contribution to you guys future!

Hi, BP Fam!

My partner and i have been approached with an opportunity to become credit partners. We have no experience with this. The numbers look great, of course, but i am turning to you professionals for any and all advice to make sure we are performing all of the due diligence necessary.

Thank you in advance!

You’re the best @heath ryans.  couldn’t be more grateful for the re-direction!  Do well out there, and i’ll do the same!!