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All Forum Posts by: Will C.

Will C. has started 9 posts and replied 272 times.

Post: Almost Lost $24,000 on BRRRR, Instead Made $8,000

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Stephen Glover

Great turnaround! Care to PM me the bank?

Post: Foreign Investor - How I turned $500K into $2M

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Marisa R.

Awesome job! I'd also like to know in brief how you generated the initial 500k? Savings, prior investment,... thanks!

Post: Matching brands for appliances for a flip?

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Thuy Pham-Satrappe

It was purchased through Sears but not through retail. Im not sure but my contractor facilitated the contact and I paid directly to Sears Maybe buying direct from warehouse? I never asked but saved the email to guy from Sears haha.

Post: Matching brands for appliances for a flip?

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Thuy Pham-Satrappe

Like others have said, if your in a lower price point it may not matter. I know it would drive me crazy and let's be honest, would you want to loose out on a potential sale to save a few hundred piecing together a kitchen suite? You can usually catch sales around the holidays. My last 4 piece suite was SS Kenmore and it was $1800 delivered. I thought that was a good deal, fridge was French door with dispenser.

Post: Bypassing FHA 1-year owner-occupied requirement

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Shaye Mora

Intentions are constant, life is not. You probably have a valid reason why you should move to the new property....

Post: Situation! Please speak on it!!!!!

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Charlie Moore

Let love blossom and keep collecting that $$. Just tell the kid don't FooK up and all is good, his life depends on it.

Post: Any banks that can allow you to use a Heloc as a down payment?

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Joel Gierbolini

You may need to season the heloc money in your acct for 2-3 months for a more no questions asked approach. Of course the debt will show in your report but if your DTI can accommodate it should have no problems.

Post: What's wrong with FSBO properties?

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Haven Latimer

Sellers have unrealistic expectations....

Post: Help! Underwriter doesn’t believe we will live in 4-plex!

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Eric Mayer

It's the exsisitng rental portfolio hurting you. Writing a letter to the underwriter usually does the trick.

You say you currently live in a condo by the beach?? Sounds like a large multi unit complex full of people, some maybe even airbnbing. Doesn't sound like a quiet and peaceful place, full of partying and load noise. Never any parking due to the influx of vacationers, that's always a problem. I'd want to move away from party town myself....get my drift :). Maybe your starting a family ;) ;).

Post: Current mtg rate with 810 FICO score

Will C.
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 279
  • Votes 133

@Alexander Sharp

Yup, this does work.