All Forum Posts by: Account Closed

@Jackson Long Something like this might work to promote your medical center rentals.

@Dustin Glossop Which specific system are you planning on using? I have no experience with it but am interested. I would think they could work quite well for rental listings.

I'm curious too.

 I agree with Elizabeth re: spotty zipcodes. My wife and I found that the best indicator of a neighborhood's risk factor from an investor's point of view was copper theft. If someone felt that they could go through a house and remove all the copper without the neighbors noticing and get away with it, then that was a neighborhood we were not so interested. That being said, we love Berclair, and one of our best deals was a house there where someone helped themselves to half the electrical wiring after we closed. Huh, I wonder why the lights suddenly don't work on this side of the house, but worked during the walkthrough... life is a learning process.

Jackson, I think you goofed on the title of your post! To answer the title, we have gotten students to post on their program's forum. We have also done the, here's $50 off your next month's rent if you help us find someone good.

I think buildium pro has property condition reports? 

Team BP, I'm looking for a licensed electrician in Memphis. Our current one is having trouble getting to our projects. Thanks in advance.

@Matt K. Apologies, it was a business LOC, and yes the time limit is 6 months. After the 6 months, we can do a normal cash out.

@Sean Tagge I came across Bighaus' posts on the program, but didn't know he was licensed in TN. I will check out Aaron Chapman.

Thank you everyone! 

@Andrew Postell Thank you, this was helpful!

@Andrew Postell Thank you!

Matt,

Thanks. It looks like the small lenders will not do the delayed financing program. They will only do a cash-out based on appraised value (after renovations) at 6-months. The beauty of the delayed financing program from Fannie is that you can do a 'refinance' even though the property itself is not encumbered by a loan. In our example, we used a HELOC from our business to buy the property. We can show that the wire came from our HELOC to buy the property, so Fannie will let us take out a loan to pay down the HELOC, just the same as if we were refinancing a mortgage on the property. Well, we can if we find a lender that does the

It's a neat program; it lets you pay 'cash' and then get a normal 30 year loan on appraised value without having to wait till you get to the 6th-month mark.