All Forum Posts by: Account Closed

I gave large deposits to a GC on 2 flips in FL. One project is small 3 bedroom house is only 50% done after 3 months.  2nd flip I gave deposit 10 weeks ago and I checked with the permitting office and their drawings/plans have been kicked back twice for the last 10 weeks so nothing has started!

My fault that I didn't sign an independent IAC and the agreement had NO written deadlines . Contractor has left me in the DARK!

A larger legal firm I went to for advice - said they can send a demand letter and possibly attach new deadlines that the contractor must adhere to thru some legal avenue.  Is this possible?

Hudson, FL I’m seeing 1,250 rents from RentOMeter.com on 90k to 100k homes. Market appreciation is pegged at double digits year over year! Since the Tampa Bay core area is getting overpriced. Is Hudson, FL ( hour north of Tampa) the next goldmine or am I missing something?

Hey @richard check out https://www.capfundings.com Highly reviews on google reviews!

Good afternoon, Looking to Buy & hold :   i’m looking to pick up rentals to hold long term… Need a portfolio lender who lends 80% of the price with very minimal closing costs and reasonable rates. Any advice / input ? Thank you

Hi there,

New to the forum.  Considering to a hard money loan on a 250k and under property and then re-financing within 6 months.  Never done hard money.  

What if you lose your job or something very unfortunate occurs and you are unable to re-finance, what would happen at that point?  Any and all advice is appreciated.

Thanks!