All Forum Posts by: Sergiu Ionita

December 25th, 2017

I used Max Shirley Inspections for my primary residence. I followed him around the whole time. He’s very thorough and will answer any questions you have. I believe his father is an investor. Max Shirley 404-273-0698

Do you have any pictures? Can you send to [email protected]? Thanks

PM with more details? Or email me. [email protected]

You could qualify for an FHA loan with 3.5% down. You’ll need 2 years of stable income with no more than six months between jobs. Did you work somewhere before your job as a tax associate? I’m not a lending expert, but I know most lenders want to see at least 2 years in a similar field. However, I heard there are lenders that don’t have a ‘similar field’ requirement and will approve you as long as you have 2 years of W-2 income. Don’t quote me on that though. With $9k you should be able to find a duplex to house hack. It would be cool to find a seller that will pay closing costs. I recommend getting pre-approved by a lender to see how much you can qualify for.

I have some experience house hacking. I don’t have my real estate license yet, but I finished my pre-license course. I should be taking my state exam in about a week or so. You are eligible for 100% LTV financing though which is awesome! You don’t have to pay mortgage insurance either, so that will bring down your financing expense.

In your case, a cash offer may not make a big difference, but to a motivated seller who wants to sell their home quick and doesn’t want to deal with the risk of a buyer not being able to obtain financing, this could be seen as a very strong offer. There are many investors that make low cash offers like this in hopes that a seller will be motivated enough to accept.

There are several legal issues concerning wholesaling and making sure your not acting as an agent. If you list on the MLS, you need to be sure you have those issues covered. I know there are wholesalers list on the MLS, but most of them are professionals. I recently watched a video on this by Phil Pustejovsky. It doesn't answer your question, but it's useful information https://youtu.be/JJwsYWDH7qs

I'm interested!

Can you send more details?

Any way we can schedule to see the property?

How much down-payment is required?