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All Forum Posts by: Noah Davis

Noah Davis has started 2 posts and replied 2 times.

General Real Estate Investing

Post: Wholesalers/ Deal Finding

Noah DavisPosted
  • Investor
  • Ohio
  • Posts 2
  • Votes 8

Hi Everyone,

I am looking to buy 10 investment properties this year. I am trying to add to my team. Would anyone happen to have any suggestions on how to find good wholesalers? I am in the Akron/ Cleveland Ohio area.

7 Votes
Rehabbing & House Flipping

Post: Conventional Loan/ Flipping

Noah DavisPosted
  • Investor
  • Ohio
  • Posts 2
  • Votes 8

Hello Everyone,

I am new to flipping. My question revolves around financing. Say I found a great property to flip. Can I use a traditional mortgage loan to flip real estate? Example below. 

Purchased price: 40k 

Rehab cost: 40k 

Down payment: 20k 

ARV/ Selling price: 115k

Total profit: 35k 

Is it possible to get a bank loan for such an example? What are the pros or cons of this? Any alternative advice? I appreciate everyone who takes the time to respond in answering these questions.

Thanks,

Noah

1 Vote
Akron, Ohio