All Forum Posts by: Rah-sheen Blalock

I am looking to close on a property and would like to work with good people in this market.

https://www.biggerpockets.com/users/JLHYes definitely the exit strategy is to refi.

Hello all. Here is the (Scenario) foreclosed property $45k to purchase, 10k to fix it up. Appliances, paint, etc. Similar properties in the area are going for 70-80k. I would like to Buy and hold. Property is located in Trenton nj. 

The lender gave me this option. On the 55k needed for purchase and repairs i can lend $46,750 you would need total assets of 16.5k + title - this includes 8250 down, $3500 origination, $995 underwriting, and reserves (we just need to see reserves in your account)  Is this more or less what i can expect shopping my deal around?

thank you!

hello all, my private lender says for me to receive funding i must purchase the property in an llc. I keep hearing refinance after 6-18 months to get the money out, i also hear you cannot get traditional funding in an llc. If you purchase in an llc, how do you refinance traditionally? Or, what other refinance options are there?

@Ryan D. this is what biggerpockets is all about SUCCESS!!! Congrats!

Originally posted by @Vanessa Burgess:

Hi Larry

A way you can start on a budget is drive/walk around and look for distress properties. Write the addresses down and look online to get the owners mailing and mail them a letter about your interest in there property. You will find a lot of info about marketing on this site. Also listen to the podcasts. 

 HOW IS THAT WORKING OUT FOR YOU IN THE PA

thanks to all my fellow bp'ers that responded you have given me more insite than you know, @Jay Hinrichs @John Skaggs @David T. how good is the stuff youll got down their in atlanta...hahaha in ny the mix might kill ya @Jeff S i will ask the lender and see where it goes thanks @Ryan Harthan @Andy Collins im hearing the area is already saturated with HML's

seth you the best, how about a 15 year old son

property is 150k i got 75k from 1 lender can i get 75k more from another lender to close the deal???