All Forum Posts by: Tekota Ruby

@Shain Ismailovski thats what i was thinking, either a construction loan or maybe a 203 K fha loan, not sure.. other than that i could do a hard money loan of course.. just dont want the interest rate, plus i dont have the experience to get good terms on the loan.

I have a house with major fire damage. Roof is partially destroyed, will need whole roof including trusses, as well as all new drywall and electrical as far as i can tell right now. Im just trying to figure out the best loan in situations like this, any advice is much appreciated!

Any opinions on investing in Little Rock and surrounding areas in AR are much appreciated!

@Matt Campbell if this is still an ongoing situation for you, id love to help!! Im born and raised in Colorado Springs.

@Alistair Duguid thanks for the input!

@Alistair Duguid after submitting, I realized I didn't account for the fact that most banks refinance only 75% ARV, so that's one mistake, I also believe I did the pre-financing section wrong, as I wanted try and use a HML on the deal, and wasn't sure how to input that into the calc, so I selected the cash offer box, pretty sure that's not how to do it, lol.

@Tekota Ruby when I look at it now I dont believe it to be a good deal, but I'd love others' eyes on it, thanks.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@James Carlson that's what I was thinking of doing, just using an FHA loan and invest in an Sfh for a year or two, while residing in it, just so I can get a feel of the property management of my own house, thanks for responding!!

@JD Gunter thanks for the response, I'm looking for do both long term investing as well as the quicker flips to increase capital. Thanks for the response!