All Forum Posts by: Yocheved Beer
Yocheved Beer has started 20 posts and replied 68 times.
Post: my first brrr
- Posts 72
- Votes 10
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?
Post: How i use my CC in 2023 to maximize my ROI
- Posts 72
- Votes 10
@Ben Aaron so how do you do it?
Quote from @Taz Zettergren:
@Michele Jones welcome to the forums! I work with hundreds of clients from CA that are investing here for those exact reasons. I will say most all of them are doing long term rentals but I'm sure there are investors that have success with airbnb's here. You hit the nail on the head with the areas, typically cheaper means more risk so don't be hesitant to get into something in the 150-250k range, that's where a majority of the investors I work with are buying but there's certainly some that'll go higher and lower.
Feel free to reach out if I can be of any assistance. Best of luck investing! how much is the rent on a 200k house?
Post: having the deposit go directly to seller before closing
- Posts 72
- Votes 10
@Theresa Harris I am using a realtor and they think its ridiculous and so does my lawyer.
Post: having the deposit go directly to seller before closing
- Posts 72
- Votes 10
@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.
Post: having the deposit go directly to seller before closing
- Posts 72
- Votes 10
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
Post: Need Opinion,First house-hack,Section 8 Tenant!
- Posts 72
- Votes 10
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.
Post: Simple 3 Month Fix Your Credit and Get Funding up to $250K Plan; Free Credit Review
- Posts 72
- Votes 10
lets connect this sounds great!
Post: starting renovations before closing
- Posts 72
- Votes 10
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?
Post: Help me spend $600,000. Looking to buy multiple units and I need a good strategy
- Posts 72
- Votes 10
Hi mike I'm in new jersey also and would love to hear more about what your doing. Can we get on a call?