All Forum Posts by: Sean Ross
Sean Ross has started 1 posts and replied 132 times.
Post: Have you used Section 502 Guaranteed Rural Housing Loan Program?

- Posts 137
- Votes 115
Only primary residence. Cant use as investment or 2nd property.
Send me a PM and Ill see what can offer
Post: How does a beginning investor scale with small capital?

- Posts 137
- Votes 115
Do you have a renter in there?
Scaling is about numbers, could be several $35K deals or maybe the next deal is a solo $60K deal. How can you do more than one deal at once or how can you increase the profit on your one deal
Post: Hard Money lending in my area

- Posts 137
- Votes 115
I know a lender with an "airbnb" loan. Based out of Cocoa, they might be open to it. Please send me message with your email
I don't think you need permit before you trench, yes pull conduit and leave unhooked. In NC it might just be the building codes electrical for exterior gouge etc.
Post: credit union in houston texas for a loan on 4plex (Primary)

- Posts 137
- Votes 115
You might need to do 11% down , pay the PMI up front or roll into the loan ( wont be a lot at that credit score) , fix interest at the par rate and hope to refinance in a few years.
Seth 5 star Texas advantage will pay the other 4% to get to 15% LTV
I can do this for you if you'd like. Not local but licensed in the state.
Hello Kamilla,
I have developed affordable housing but not specifically for veterans. However I am pretty sure I can help in this aspect. There are a few grant options right now in Hillsborough and Pinellas . I will send you an email.
Some Helocs have less fees and requirements but you might be at a variable rate.
If you want a large lump sum you can forecast paying off the debt service at a fixed rate over 30 years with fixed income, etc. that might be the way to go.
Heloc will be a secondary loan to a mortgage, so you can do both as well.
Send me a message if you want to get some rates.
Yes, you need to find the code and follow those requirements. Find the state inspector for mobile home parks if that is what you are working with and give him a call. Ask questions. A hole, a 3/4 inch hose and an electrical cord arent it!!!
I think it is article 7 in NC on mobile home parks
Post: Cash Out Refinance with Distributions

- Posts 137
- Votes 115
Take it you are not an accountant ?
You should be crediting the equity or loan of the initial cash invested.
Post: Question about finding 100% financing.

- Posts 137
- Votes 115
credit card 0% financing and sell house before a year. If your cost to fix is less than $15K