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All Forum Posts by: Thorne Ellis

Thorne Ellis has started 1 posts and replied 2 times.

Post: Educated But Lacking Funds

Thorne EllisPosted
  • Posts 2
  • Votes 0

@Jeb Durgin thank you very much I appreciate you replying! And wow so I need at least 60k in funds probably before starting something like that?? Hmm I'll keep educating myself and save as much as I can. I'm going to see what I can do to go too local meetups that seems very helpful thank you again!

Post: Educated But Lacking Funds

Thorne EllisPosted
  • Posts 2
  • Votes 0

I am curious about these hard money lenders and if there if forsure 100% financing or if there's loopholes.
I understand ROI and how to properly raise the ARV regardless of location while not going over the top making the home the most expensive in the neighborhood. I plan to keep LTV around 67% at most.
Luckily I am in a great location to get into investing. I'm hungry to get started since my upbringing kept the wrong knowledge in front of me. Now on my own at 30 I understand what I need to do I'm just lacking funds..

 My true goal is to buy land and open an aging out of adoption community but im taking one step at a time