All Forum Posts by: Account Closed

It is important to get the right information. Many BiggerPockets members are experienced and knowledgeable. The motives of people are known only to them.

I think the unemployment rate in reality is much higher and wages buy much less. People pay more for housing than they do anything. That’s not changing. If it doesn’t cash flow you’re spending not earning.

Where can I find a multifamily lender who will offer earnest money, closing costs & down payment for 10% of the Net and a JV equity participation for a 50/50 split when sold or refinanced? When I have a suitable property under contract, I can get a CCIM to do a BPO. I live on a small fixed income and I lack money. Because of this and fraudulent lenders messing up credit cards, I have poor credit. I am a 62 year old Marine veteran. Armed with a verifiable preapproval I can get a suitable property here in the Phoenix area under contract, and with proper funding can purchase, remodel if necessary, reposition, and resell or refinance within 3 years, time to improve my credit. I need unconventional thinking and assistance. Thanks

What's the problem? I don't see one.

I emailed it to you

This is what I have used. Sorry about the format.

Will you give me an option to purchase agreement? I plan to wholesale it.

are there any liens?

Did you sell your real estate and invest the 300k somewhere yet? I was thinking you might go to a local hard money lender and lend money through them to investors. Here you can get 10-12% interest on short term notes. Granted 11% with a 1 yr term is only $2,856.97 monthly with a balloon, but it's something to think about.

Thanks Mr. Johnson, I got a lender who offered to JV with me 50/50, am waiting for the seller response to my offer.