All Forum Posts by: Steve Linn

Just getting into fix and flipping, so bare with me. I keep seeing LendingOne on Facebook and Google, but they require appraisals. How will appraisals work if the property is not even close to move-in ready?! I thought appraisals have strict guidelines. 

I see Capital Ton doesn't require appraisals for fix and flips, is this real? Has anyone worked with either company? What's a desktop valuation?

Most lenders do 75% LTV max on a 5-10 unit properties from what I found. They'll tell you 80%, but then later in the process, do a 5% haircut. 5-10 properties are more risky than 1-4 or 10+ because there are fewer buyers and these properties use residential DSCR ratio instead of commercial.

Please recommend lenders for container homes. I need a lender who will finance the purchase of land, then be open to financing the construction of a container home. $100k range construction cost in Florida. Thank you

I think BRRRR strategy is a great investment strategy as long as the numbers make sense and you debt service. Even if things go down from here on a nationwide scale, people will continue to move to Tampa from up North, because property taxes are 4x lower in Florida than many other states.

What should I watch out for when buying a property from a divorced couple? Any issues? Should I expect delays, eviction, any issues that are common? I'm looking to buy and flip after.

Hi everyone, I listen to real estate podcasts, have read BiggerPockets for years, but never signed up. I finally made the jump to participate. I work 9-5, but I'm trying to jump into flipping so I can break free. My brother is a divorce attorney, so I do have access to great leads that I keep hearing from him, but I don't have enough cash to close on anything meaningful. How did you all get started? Fix and flip lenders won't help, because I can't afford the 10%-15% on $300k properties. Are gap lenders a real thing? Should I not touch anything until I have enough funds for a down payment. Are 100% lenders real or a scam? Is BRRRR even possible for me, or is that for people with more cash down the road?