All Forum Posts by: Matthew Thorp
Matthew Thorp has started 9 posts and replied 20 times.
Post: How to find what the seller owes

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
How do I find out what a person owes on their mortgage before it gets sold at foreclosure auction?
Post: To sell or hold on to my duplex?

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
yes the total expenses are $1800 which include mortgage/interest, taxes, and insurance. the income is $2800. the only equity i would have in it is the new "value" minus $270,000 (my loan amount)
Post: To sell or hold on to my duplex?

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
thank you guys. I went with private financing and didn't need to put any money down btw.
Post: To sell or hold on to my duplex?

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
I have a duplex that generates $2800 a month total. My expenses are $1800 total a month. I have a loan of $270,000 at 4% for 30 years. I am trying to figure out my ROI and if it makes sense to hold on or to sell. And if I am to sell what price I should list at. Thank you.
Post: Jacksonville Florida Renting

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
I am trying to find good areas to invest up to 50k in jax for rehabbing and renting. What are some good areas? I live in st augustine and only know this market.
Post: refinancing my property

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
I was told that I don't have enough income. I have owned it for 6 months and it is under my name
Post: refinancing my property

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
I took out a 3 year loan for 200,000 dollars to purchase and renovate my 3 bed 2 bath SF with the intent to hold it for a year and sell it tax free but now am aiming towards refinancing and renting it out. The property is now valued at 275,000 and am charging 1350 a month. I am having trouble finding a bank to give me a loan to refinance it. Can more experience investors give me some pieces of advice.
Post: refinancing my property

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
I took out a 3 year loan for 200,000 dollars to purchase and renovate my 3 bed 2 bath SF with the intent to hold it for a year and sell it tax free but now am aiming towards refinancing and renting it out. The property is now valued at 275,000 and am charging 1350 a month. I am having trouble finding a bank to give me a loan to refinance it. Can more experience investors give me some pieces of advice.
Post: going from hard money loan to 30 year conventional

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
Now will banks be willing to give out a loan if the house is not considered my primary residence?
Post: going from hard money loan to 30 year conventional

- Flipper/Rehabber
- Jacksonville
- Posts 22
- Votes 2
I have heard different answers but my situation is I have a $200,000 loan from hard money and want to take out a 30 year loan for $200,000. My question is the house is now worth $275,000, can I take the equity of $75,000 to use as a down payment when I go for the new loan?