All Forum Posts by: Peter Kostas

Anyone have an example Letter of intent to send for seller financing? Looking to see what they would look like. Examples would be great as I'm looking to make my own that I can change based on terms. 

Looking For Property Managers (Full Service in Attalla AL). Need boots on the ground. Out of state investor. Any reccomendations would be appreciated!

Had a question about Hard Money loans. Currently trying to underwrite a deal. Trying to use none of my money just to see if I can do it to be honest. 

Here's my situation: I can seller finance a 4 unit, and now need to come up with the down payment. I want to turn to a hard money lender for the down payment to add a second mortgage per say to the 4 unit.  When do I actually reach out to the hard money lender? Do I have to have a deal already? Do I have to already have verbally conveyed the seller financing offer to the owner? Can I reach out to the hard money lender before I even have the deal on my plate? 

I guess this is more logistical but from someone who hasn't used Hard money before this nitty gritty is really helpful. Thanks!

also, all you need is a clause that makes the contact assignable. 

Does anyone have referrals to  title companies near Toledo OH that are accepting of sub to financing or creative financing? 

 how big was your fee? 

Just my opinion,

I'd look for someone who understands the ins and out of exit strategies, different methods of creative financing, how to cash flow a property/will present a price at which the property "works" based on the investors situation. It also may be good to know what properties can rent for/comp out a deal based on rental income. Maybe also knowing the ARV of common fixes like roof repairs (large) to coats of paint (small). Hope this helps!

In need of a investor friendly agent in the Toledo Area to be help for boots on the ground. If you have any recs please let me know!

Had a question regarding section 8 approval. I want to rent a prospective home under section 8. I am trying to ensure the house I am looking at is turnkey (good shape), in hopes that it would be approved under S8. The thing is, I want to purchase of the home to be contingent under the fact that it gets approved for s8 vouchers. 

Is this possible? I wouldn't be sure what to do if the house did not get approved, and want to give myself some sort of assurance. maybe a contingency? Would love it if anyone has advice on this. Thanks!