All Forum Posts by: Michael Shepherd

Thanks for all the great informative responses. I am currently in the process of getting a loan that lets me pull out the entire purchase price, but not the rehab cost. However, the loan is based on the ARV so I shouldn't have a problem getting my full purchase price back. Thanks for all the feedback and guiding me in the right direction.

@Marty Johnston Does the loan you're referring to allow me to burrow against the rehab I put in? For example, I bought a home at 70k, put in 30k of rehab, and arv is 140k ARV . . . Could I potentially pull out the entire 100k I put in immediately? With no seasoning as long as I paid cash?

Is it possible to get delayed financing on a home I bought and renovated and rented with my own cash in order to get some money back quickly? And then get the rest by refinancing the delayed finance after a seasoning period? Is this possible? Or legal?

@Nicholas Coulter, sorry I thought that link under your message was for your CPA. Would it be possible to send me the CPA contact if possible. Thanks!

 Thank you Nicholas, I will definitely consider him!

Hi @Katie Balatbat, yea that would be great do you mind posting their names/info if possible. Thank you! 

Thank you @Sarah Donahoe

Hello everyone, I wanted to know if anyone can refer a CPA who is good with real estate investing. I am in the Temecula area so any recommendations nearby would be great or even in the San Diego area. 

Also I know some people use a CPA out of state/virtual so if you have any recommendations that would be great also. 

Thank you! 

Hello, @StevieAnn Nance or @Katie L. do you still have contacts for a CPA in the REI world? I would love their contacts if possible, it would be much appreciated thank you!