All Forum Posts by: Mario Morales

hello everyone,  is there any banks or lenders of any sort that would give out loans on a paid off property if the owner has low income ?   My Dad wants to invest his money into my flips. im offering him 10% in 6-8 months.  His house is fully paid off  worth about $250k . Any help would be appreciated. 

ok thanks for your inputs. 

ok thanks 

HI everyone, Im on my second house flip and I was thinking of hiring  daily workers ( carpenters, handymen , painters) for things that dont require permit pulling. How would I go about this with insurance (workers comp and liability ) and taxes ?  i dont want to break the bank would this way be more expensive then just hiring out a GC?  Im doing this full time and looking to do 7-10 properties a year.  

Hello everyone , 

on my second flip and was thinking about using a credit card with good cash back rewards for the rehab. Has anyone done this before ? would sticking with Menards, home depot , and  lowes cards be better?

would appreciate any help.  Thanks 

Thanks again for more input its really helping me out a lot.  This community is the best !

ok lots of great ideas! 

Thanks guys I appreciate everyones responses 

ok sounds good. Just out of curiosity why would you go with a hard money lender and not a private lender? 

@Scott Wolf - should I just shop around and see what the rates HML in my area are like and try to base it off that ? or would the deal with a private lender not require as much as a downpayment/ points.

@Brett Tvenge yes he would be lending 100% of the deal and rehab.