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Updated about 7 years ago on .

User Stats

55
Posts
43
Votes
Brenda Wright
  • Flipper
  • Brooklyn, NY
43
Votes |
55
Posts

Hey smart Lenders, what are your terms?

Brenda Wright
  • Flipper
  • Brooklyn, NY
Posted

So, we are interested in working with a lender that can satisfy both our needs.

We are Real Estate Investors here in New York who owns a few contractual properties in Memphis. Each property currently generates an average of 7% cash-flow per month. We just purchased one all cash, but are hesitating on what to do with the others.

We need someone that can come up with a plan to help us as we are planning on buying 50 (or more) properties.

A couple of notes:

- They are all single-family properties.

- The purchase price is around 100k.

- We are searching for AMAZING rates.

- We want to minimize the closing cost fees.

- We are thinking of consolidating a few of the properties into individual LLC's.

- We are thinking of using HELOC on some of them.

Again, there are many things we are looking to do with the funds, but we need someone ( a smart lender) who can provide us with a tailored plan that can benefit each other, specifically having outstanding rates.

Tell us if this all makes sense.