All Forum Posts by: Adonis Williams

Hey BiggerPockets Community ! 

I have about $180k in equity in one of my investment properties and I have a nice amount of cash on hand and I have an idea that I would like your thoughts on.  I want to build a home on a plot of land and I need your advice to confirm the process.

1. Find a purchase plot of land 

2. Get approved for construction loan (This is normally a loan at an 80% LTV, right)

3. Hire land use attorney to confirm what home type I can build 

4. Obtain permits and approval from neighbors to build 

5.Hire GC to build home 

6. Obtain certificate of occupancy to sell home (from county or city)

7. Refi loan from construction to owner occupied loan (preferably conventional)

8. Sell home on MLS

My logic is that that price at which I will construct the home will be considerably less than the price at which I will sell, thereby giving me nice profit margin . I plan to do this in D.C or in a suburb of D.C. Is my logic/approach here correct?

 Thank you - do you provide segregation studies?

Hello, I am standing up an investment firm and holdings company  as a part of our services, I want to offer Cost Segregation studies to both investors and limited partners in our network. Having leveraged a cost segregation study before, I know all to well about its tax benefits. So here is my question, I know a reputable firm that provides this service but how can I set up the 'business partnership' where they are my chosen vendor for this service without my clients trying to go behind my back to deal with them directly, thereby kicking me out the middle. In other words, when they start the process on my website (again this is a service our firm will offer), I will then connect them to an associate at the firm who will do the cost segregation study. What infrastructure has to be in place to prevent the client from dealing exclusively with the partnering firm once they begin communicating. Is it a non-compete ?

 I can appreciate this. What might you suggest as my minimum price point?

 Thank you - do you do Maryland ?

Hey All- 

Beginner investor here. I own three properties here in Maryland working on a 4th. Are there any non-qm loan products that lend in the 75-120k range? What is the minimum that I can borrow using a conventional loan ?

Thank you so much - This is much appreciated ! 

Hey all. I have three homes and am looking for my 4th. I am looking to leverage a non-QM loan product for my 4th purchase and I want to use a bank statement loan and I would prefer for the LTV to be about 90% (I heard such products are out there). Can someone point me in the direction of a lender who does bank statement loans with a 90% LTV. Thanks.