All Forum Posts by: Rita Bock

@John Thedford Makes lots of sense. This is why me and my husband are doing are homework before we jump into anything. We analyze about 2 homes a day to get familiar with all the math involved. We are slowly reaching out to people to see how much certain rehabs will cost so we have an even more accurate estimate when using the calculators that BP offers. My husband has a very strong goal to get in and out in 90 -120days, whether it is ambitious or not he is a hard worker and really would love to meet that goal,, so a HML may not be so bad if we look at it like that. Thank you for the information as well

@MJ S. thank you so much for the wealth of information you have. This is why I love BP.

@Andrew Michael thank you for offering the help I will connect with you shortly so we can discuss.

@Joe Homs thanks for the info. I didn't think it would cut into that much of my profit but that is good to know ahead of time!

HI @Alec Davis Welcome to BP!  Me and my husband are from the Whittier area as well just beginning our passion for real estate investing!

Hi BP,

Me and my husband have been really thinking about all the different ways we could finance our first flip and its more and more looking like we will have to do a hard money lender or private lender. Every time I hear about HML it sounds almost like a bad route. I feel real nervous having to resort to one. Any advice or things to look out for if we go the HML route? Also with a HML do we still have to put a percentage down, or does it vary depending on the lender we go with? I appreciate the feedback.

@Kiersten Vance  We are trying to be near our home and work so cities like Whittier, La Habra, La Mirada, Brea, Placentia, Anaheim and surrounding areas.

@Han Oh thank you!! Yes i am trying to network as much as i can. Congrats on your first rehab!  I will hopefully be there soon in time.

@Kiersten Vance thank you for the advice. I will definitely keep in mind prices are lower in the winter time. I actually have a question with FHA and conventional loans. Do you have to live in the property to qualify for this loan or can you use this loan for a flip?

@Carlos Altamirano Me and my husband are interested in hearing more about how you invest in other states