All Forum Posts by: Shonari Wynter

@Kathy Henley so those are good questions I am going to have to think about and ensure I am doing the right thing, I have a reserve of $10000 but that is for just in case. I really dont want to touch it incase something goes wrong along the line I have to bail myself out

@Abel Curiel thank you. This makes sense

I have been trying to figure the best way to go about financing a property I am looking at. The local bank I am with will give me 85% of the loan for both purchase and rehab. Therefore if the property was $150000 including repairs I need to put up $22,500. My question is, is it smart to get a private loan from another institution to cover the $22,500 downpayment? My hope is to purchase the property and then refinance in 6 month to pull that $22,500 out plus whatever the interest is.

Hello BP,

I finally found a property I am willing to put an offer on. However, the property needs alot of work. Does anyone know a good contractor in Orangeburg, South Carolina? I would also love some strategies to finding one on my own.

@Chris Mackinlay wow.. I didnt know this

Y do u have to pay so much for a refi?

@Adriane Allard thank you

@Greg Miller @dalto I have also heard about the 50% rule. It says whatever the rent is take 50% of that for expenses and the other 50% subtract the mortgage and what ever is left is your cashflow.

@Adriane Allard o thanks for telling me about the DNC. How do you normally scrub them?

@Juan Caban strictly investment

@Adriane Allard I just tried fiverr for the first time, Received the list on the weekend, will be putting it to use this week, I hope the list was good. Do you cold call or do you direct mail?