All Forum Posts by: Stephanie Yi

@Kevin Romines

Hi Kevin,

The apprasial price would only be half of the price I paid. I want to higher LTV or stay with 70%.

Stephanie

@Michael Lewis Lee

Hi Michael,

The residential loan would based on the apprasial on the current house. The house is less than what I paid for. Then I have to pay much lower LTV.

This is my problem.

Stephanie

Hi Professionals,

I need help here.

We bought two adjacent parcels (around 1 acre) which could get the entitlement for 30 townhomes.

Currently, each parcel has one house on it ( total separate lot). Both of the houses are rentable.

We paid more than what the sfh would appraisal for since we paid extra for land. We closed with hard money at this moment for 30% LTV and 9%.

The entitlement process going to take around 1-2 years. We want to get down to 5-6% with 30% LTV during holding period. Do you think it is possible? Or any of you know the lender could help us?

Thank you so much for help!

Stephanie

@Cody L.

Why Huston?

@Don Konipol

Great Suggestions. I think the past 10-years period is unlikely happen in the next 10 years, right?

I like what you said, Diversify, prepare for the worst, stay within comfort zone..

I often seen discussion in BP that the house price is too high, there will be next crash coming. I am curious what people would do if you have $1m available at this time? Will you hold cash to wait for downturn so you could get deals? Here are the options,

1. Hold cash in CD

2. Buy bonds or notes.

3. Buy cash flow properties in midwest.

4. Flipping houses but be very careful and caculating in 10-20 percent market change

5. Put in some new construction, or large development projects so there will be enough margin

There might be other ways...

@Kevin Romines

This helps a lot. I will ho through options one by one.

@Matt Hurley

Thank you. Yes. I am trying to see how many we could hold.

Hi I would like to know any program still offer mortgages to investors own more than 10 financed properties?

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