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Joe Armano's Advice

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  • 3 Contributions
  • 0 Best Answers
  • 1 Helpful

Joe Armano wrote:

We have a two bedroom cabin with two unfinished bedrooms downstairs do we finish?

Answer
Well the simple answer would be... If it will give you the return on investment why not, what are other properties in your area ? do they have 3 or 4 bedrooms ? you want to make your home as desirable as possible to buyers in your area.
April 30 2013
(0)

What is a Hard Money Lender?

Answer
Hard money lenders are people or companies that are willing to lend borrowers, who might not fit the guidelines of a conventioonal lender money for projects or investment properties, these lenders charge a much higher rate to the borrower, however if you looking for a short term loan to buy and flip a property they can be helpful. Make sure you do your research here as in any lender, Good luck ! 
April 06 2013
(1)

I own a property composed of 4 lots with a house on one lot that is mortgaged. Can I sell lots?

Answer
If you have a mortgage only on the one lot and the others are free from liens, and they are legal lots, there is no reason you cant sell them off to pay down the mortgage ! 
April 06 2013
(0)