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Updated over 7 years ago on . Most recent reply

User Stats

1,251
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261
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Bob Green
  • Lender
  • Mokena, IL
261
Votes |
1,251
Posts

WE HAVE LOWERED HARD MONEY RATES BY 2-4% BASED ON CREDENTIALS

Bob Green
  • Lender
  • Mokena, IL
Posted
Hello All,

WE HAVE LOWERED OUR HARD MONEY INTEREST RATES BY 2-4% DEPENDING ON YOUR CREDENTIALS!

As many of you are aware, we provide acquisition and rehab lines of credit on 1-4 unit properties and 5+ multi units based on 5X your liquidity and 65% of retirement accounts. The line is revolving and can be used over and over again as you pay it down or off. For example, $100,000(cash in bank) X 5 = $500,000 line of credit.

Your credentials and location of properties determine lending structure and rates:

  • Rates down to 7.5% interest only
  • Down payment as low as 10%
  • Fund up to 95% of construction budget
  • Lend up to 75% of after repair value

Please answer the questions below so I can determine what your interest rate will be!

1. Current credit score?

2. How many fix n flip transactions have you completed over the past 2 years?

3. How many rental properties do you currently own? How many have you purchased over the past 2 years?

4. What location(s) are you acquiring properties to either fix n flip or buy/hold.

5. How much cash on hand do you have in the bank?

6. Value of retirement accounts including 401K, IRA, Stcoks, Mutual Funds, Money Market, Home Equity Lines, Bonds, Cash from Insurance policy, money markets, etcs. Please be specific as to the value of each investment type.

7. Any bankruptcies, short sales or foreclosure? If so, how long ago.

8. How many properties do you have under rehab currently? Purchase price? Rehab costs? "As is" value? After repair value?

9. Real estate goals over the next 12 months?

10. Are you open to fix n flip opportunities where as we provide the property, rehab team and do all of the work, and you net $20,000 - $30,000 per property?

Please contact me ASAP to get the process started.

Offering

Most Popular Reply

User Stats

4,431
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2,900
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Bill S.
  • Rental Property Investor
  • Denver, CO
2,900
Votes |
4,431
Posts
Bill S.
  • Rental Property Investor
  • Denver, CO
ModeratorReplied

@Gregory Flores, Jr. you should recheck your plan against the current state statue for foreclosure. Here is a link to Colorado Legal aid. If you read the answer to the FAQ "What deadlines that I may face in a foreclosure? Toward the end of the answer to the FAQ you will see that "The most significant deadline for any homeowner in foreclosure is the sale date, since if the sale takes place then the homeowner’s rights in the home are terminated."

  • Bill S.
  • Loading replies...