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Updated almost 17 years ago,

User Stats

29
Posts
0
Votes
Michael Kazee
  • Residential Real Estate Broker
  • Bay City, MI
0
Votes |
29
Posts

Looking for private investor to partner with in Mid-Michigan

Michael Kazee
  • Residential Real Estate Broker
  • Bay City, MI
Posted

Hello All,

My name is Michael Kazee, I am a licensed real estate and mortgage broker, investor in Michigan.

I have been re-habbing properties for a few years and am looking to ramp up from about 8 properties a year to more like 2-4 properties a month. I have 4 employees that work for me re-habbing and can easily up that as needed. I have been going through hard money lenders and such for a while but the limits that they are imposing and the slowness of the process on a whole is making it where I am spending more time dealing with the hard money lender than I am finding properties and end buyers. Which is making it near impossible to grow as now is the time in which many great deals are available in the market.

In almost all cases I have been able to sell the property or refinance the hard money loans in less than 6 months, and have only had a couple that went to 9 months, and none past that. I generaly sell the properties by listing them through the company I own but if they don't sell within a few months I generally will do a lease option and refinance it to a conventional loan and then make the leasee's work with me in fixing what ever they need to get fixed to be able to buy the properties.

I am not looking for a better interest rate than regular hard money or less up front points or anything, I understand investors are looking for a return. I am looking for a lender that can work with me and my company to be able to capitalize on buying properties fast with an average loan at 60-70k with a arv ltv of 60-70%, with a term of no longer than 9-12 months. Send me an email or pm and lets get things going. :D

Sincerely,

Michael Kazee