All Forum Posts by: Yocheved Beer

Hi all,

I am purchasing a house for 230k and it needs about 15k in work. The ARV should be 330k.

I am buying in cash but loaning myself with an llc of mine for 245k. 

I want to do a refi immediately to get back the 245k. Would that work?

Also should I get a heloc instead so that I wont be paying interest untill I find the next house? what are heloc rates for investment properies? 

@Ben Aaron so how do you do it?

@Theresa Harris I am using a realtor and they think its ridiculous and so does my lawyer. 

@Jason Wray this contract doesnt have those contingencies

its just that if the money is given directly to the seller, the seller could just walk away and not close. Or the house could get damaged before closing and I would loose alot of money. 

Hi all,

I was under contract for a house, and all was well untill the sellers lawyer said that the security deposit must be given to the seller and not held in an escrow account. My lawyer told me this is insane because the seller could just walk away with the deposit monies. Or if the house gets damaged before closing than the seller could just walk away with the money.

Is this normal and or recommended? Btw its a probate sale that needs court approval 

why dont you ask him if he'll move to the bottom unit, so you could first renovate the bottom unit and then the top unit.

lets connect this sounds great!

Hi all,

I have a property which is under contract! The closing that they want is in at least 70 days though. Since the house is vacant can I request to do the renovations now?

@Mike Klarman

Hi mike I'm in new jersey also and would love to hear more about what your doing. Can we get on a call?