All Forum Posts by: Nathan Frost

Hi, its been awhile since I have ran the numbers on a flip and looked into one.  How does one go about flipping a house again with no money down?

Does the investor purchase the home at 70% the appraisal value or 70% the ARV? How does the investor avoid bringing 20% down at closing?

Does the seller get a private lender for the 20% if needed and then have the bank do draws for the repairs?

What parameters do you use to find deals?  I am trying to find expired listings with little equity in them.  What is the best way to go about getting this information that is accurate?

Hi, I was wanting to see who does HELOC loans on investment properties?

 So personal loan is the only way to squash debt consolidation in this case?  

 So it would be dumb to refinance then since I have interest rate of 3.125% because my payment would go up.  So would it be better to get a home equity loan which my credit union offers?

Hi, how do you all recommend using a HELOC loan to invest in more rental properties? I currently am at 11 rentals but would like to grow to 15 if not more but how can I use the HELOC and not have to save 20% down for every deal. The 20% down for banks wiped out a lot of my reserves when I first started, so I am trying be creative and not use a lot of my own personal savings. Subject to is great but hard to get those deals.

I love Pace Morby's stuff so I am trying to find deals on Propwire and get a gator to come in with the EMD or down payment but I would have to give up 50% equity in the deal, which is okay but not great. Any tips is warranted.

Who does HELOC loans? Comerica told me this but not sure it is right.

Hi, I am a title specialist with Comerica Bank. I am reaching out regarding the title report of your home. Currently, your mortgage is recorded as a home equity. In order to proceed with this line of credit we would have to pay off and close down your current mortgage. This will happen in the state of Texas if you took any cash out at closing or rolled in any closing cost. Please advise if you would like to proceed with paying off and closing your current mortgage.

Hi, where is the best place to get a personal loan for about 20k?  Need to pay off two high interest credit cards.  

Also, who does HELOC loans? Comerica told me this but not sure it is right.

Hi, I am a title specialist with Comerica Bank. I am reaching out regarding the title report of your home. Currently, your mortgage is recorded as a home equity. In order to proceed with this line of credit we would have to pay off and close down your current mortgage. This will happen in the state of Texas if you took any cash out at closing or rolled in any closing cost. Please advise if you would like to proceed with paying off and closing your current mortgage.

 So then I should be good if each property shows 1 mil per property?