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All Forum Posts by: Michael Conway

Michael Conway has started 25 posts and replied 51 times.

Post: FHA 203k Contractor Recommendation

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

I'm looking into the same thing @Keeya WangJones. It's my understanding that the 203K streamline limits to 35K, however they will loan up to the loan limit for zoning of the property as long as the ARV pencils. Keep in mind that the loan limits change based on the numbers of units (1-4), up to 1.2M-ish for a 4 units, so building on multi-family lots is definitely possible if you can get it completed within 6 months.

Inventory is so low right now, tough to find anything on the MLS. My lendor is vary savvy with 203k, I can send you his information if you're interested. Good luck on your project!!

Michael

Post: FHA 203k Contractor Recommendation

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

@Keeya WangJones I saw them as well on the approved list, apparently the only one?!  Seems odd...

Post: FHA 203k Contractor Recommendation

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

Thanks @Wayne Brooks.  I understand the list of approved contractors, just seeing if anyone in the community had directly worked with any of them in the San Diego market.

Thanks!

Michael

Post: FHA 203k Contractor Recommendation

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

Hey BP!

Does anyone have a referral/recommendation for a design-build contractor in San Diego who will work with FHA 203K requirements? I'm looking at the option of building a granny flat over a garage on an SFR. Thanks!

Michael

Post: BRRRR Strategy in Cleveland Ohio

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

Thanks for the info.  I was hoping to find a 3 month seasoning period, sounds like I might have to do some more digging.  Thanks!

Post: BRRRR Strategy in Cleveland Ohio

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

I'm looking at purchasing a MFR property in Cleveland, OH and i'm wondering about cash out refi options. My hope is to use the BRRRR strategy and pull money our immediately after the property is rented. Does anyone have recommendations for lenders who will allow this without long waiting periods? I'm hoping to find an %80 LTV cash out refi option.

Michael

Post: Cleveland Investors - What's the best deal you've done?

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

Im going to be investing in my first multi-family property in Cleveland in the coming months.  I would love to hear from the community, what's the best deal you've done in the last year in Cleveland (including numbers)?? 

Michael Conway

Post: Cleveland Contractor/Rehab Company Recommendation

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

Hey BP!

Can anyone recommend a reliable and trustworthy contractor in the Cleveland area?  I'm an out of state investor and need boots on the ground that I can trust, and build a partnership with for future projects.  I would appreciate any feedback/recommendations, specifically from other out of state investors with direct experience.

Thanks,

Michael

Post: San Diego CPA - Real Estate Specialist

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

Can anyone recommend a real estate investor savvy CPA in san diego?

Thanks!

Michael

Post: Thoughts on this property?

Michael ConwayPosted
  • Investor
  • San Diego, CA
  • Posts 52
  • Votes 27

Anyone else have recommendations for C+/B- neighborhoods?  might be able to stretch the budget if the numbers work.  Thanks for everyone's input!

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