All Forum Posts by: Scott Purtan

@Andrew Johnson The issue is that it already has the "Fake Morgage" from the other investor for 150,000.00. I have not gone to the bank yet. I thought since my credit is not that great i would not get approved. Also i am only 2 years out of a bankruptcy. So not sure that a Bank would lend but i can try. Just not sure how this "Fake morgage" will affect that. I do not need more than the equity. I think 300,000 would get me what i need to pay back the investor and get the rental up and also maybe purchase another property.

@Adam Stewart The rentals are in Cleveland. I now live NW of Columbus. The property I own is 32 Acres. I had to put utilities and a 1800' driveway in. Also the Temp Home and a barn. If i would have thought about it first i would have financed and kept the money in the bank. The properties are owned under Purtan LLC. I can look into the refinance to see what i can do. The other underlying issue is that i owe and investor 150,000.00 in one lump sum by August. Which was done in some type of fake mortgage they said. So he gets to sell my property for his money and it is worth around 400,000 right now.

@Adam Stewart they are all residential. I live in one that is paid off. The other is rented and i have another rental that carries a note that is rented - partially. I say that because this is the one that needs fixed. The property i live in has the most equity.

Hello my name is Scott Purtan. I am in Matts webinar and he suggested that i post. I posted a few days ago in new member introduction but but got no replies. So here goes, i may have made a few bad decisions along the way. I have 2 rentals and the property i live on. 2 of these are completely paid off. I have about 600,000.00 in these two properties. I need to fix the one so i can rent it out. Do not want to sell any of the properties and would like to buy more to either flip or rent out. My credit is fair. I am a member of invstr.com and nothing has come out to bite me there. What are my choices?

thank you for your help!

Hello my name is Scott Purtan.  So i may have made a few bad decisions along the way. I have 2 rentals and the property i live on. 2 of these are completely paid off. I have about 600,000.00 in these two properties. I need to fix the one so i can rent it out. Do not want to sell any of the properties and would like to buy more to either flip or rent out. My credit is fair. I am a member of invstr.com and nothing has come out to bite me there. What are my choices? 

thank you for your help!