All Forum Posts by: Luke Boff

Hi everyone. I currently have a client that is interested in writing a offer on a shared wall condo. The currently sellers want the sale to be contingent upon them finding suitable housing. In order to avoid any hiccups from delaying the sale I am wondering what the best verbiage is to use when writing the contract. Should I still make the closing date 30 days from acceptance and then then allow the seller to have possession for so many days after closing? If this route is taken would there need to be a lease written up? If someone could help explain the best course of action for this deal that would be greatly appreciated! Thanks in advance!

@Amy Raye Rogers what are the advantages of using a commercial lender for a single family? I didn’t even know you could do that honestly.

Hello everyone I am looking for some opinions here. I have this opportunity to purchase a house that I intend to brrrr. My plan right now is to use my cash to purchase the property and then soon after get a mortgage in place to free up my cash in order to do the rehab. I wanted to know if this was a possibility and how smooth this process could go. Normally I wouldn’t do this but right now cash is king so I can get a better deal on the property with submitting a all cash offer.

Please let me know what you think! Thanks!

@Jack B. Why do you say not to do a HELOC? Is it just because of the interest payments associated with them or is there something else I'm not aware of?

I am currently looking into a investment property in my local market. There is a unique home to the area in the sense that it is constructed out of cinderblocks. I’m curious to see if anyone has ever owned a house like this and what kind of problems I could run into specific to cinderblock homes. Thanks in advance!

Good morning everyone. I am currently a newer real estate agent working in Ohio. I have been working with investors as well as looking to purchase my first investment property. While looking through the MLS I keep seeing agents listing homes that they are the receiver of. Could some please explain the process of becoming a receiver in Ohio? As ways any information is greatly appreciated!

@Michael Kinsella this helps a ton. Thanks a ton for taking the time to explain that!

I have been doing research in my local market and practicing doing the math on multiple properties. At this point I have not yet purchased an investment property. I have gotten to the point of analysis paralysis. Could someone please help me by describing the process of obtaining a hard money loan and what the interest rates should look like?