All Forum Posts by: Mike Romano

Hello,
There are 6 months left on lease on my rental properties in FL, so I would like to end the year lease, and tell the tenant to move out, good tenant and pay on time, I just want the tenant to get out of that property, because I need to fix the property and sell it. What is the legal way to do this?

Thank you!

Hello,

Need a lender ASAP willing to do a 30% down payment on commercial properties (vacant church)? price 525k with back 15k at closing. Is there any Hard Money available for a vacant church?

Thanks

Hello,

My goal is to complete my flip ahead of schedule, wrapping up the entire project within four weeks. However, I'm wondering whether I can utilize Airbnb for a couple of months without having to refinance? since I'm currently relying on hard money. My intention is to keep the property, but I'd like to test the area first.

Thanks!

Yes, appraisal was done. Thanks @Caleb Brown

Hello,

I am closing on two properties next week for flips, each with over 80K of equity already. What I want to do is the BRRRR on those properties. Since this will be my first time doing this, I will need your advice.

Will I have to wait for a cash-out refinance on this flip? Does anyone have any recommendations for lenders who can do this type of refinance?
Any information would be greatly appreciated. Thank you.

Thank you @Alex Breshears I'm not holding the property for a long, maybe 3 moths, the properties the seller asking $233k (selling by owner) and I can sell for $335k and don't need a lot repairs just paint and some cosmetic stuff. I want to use that cash. I getting a better rate that Hard money on this loan.

Hello,

I was wondering if you can use a DSCR loan for flipping? Does anyone use this loan for flipping?

Thanks,

In Massachusetts, you will sign the offer to purchase followed by the purchase and sale contract

The offer has just been accepted and sing for 10K for both, and 15k when we sign the P&S, P&S it hasn't been signed yet. seller wants me to close the open permit that the previous owner had left open, so since they got a great deal I want them to handle the electric open permit.

Hello,

If a buyer doesn't want to move forward because of an open permit, can they lose their earn deposit? P&S it hasn't been signed yet.

Thanks!