All Forum Posts by: Jim Slack

John, I want to second what Dean said... Thank you.

I pay when I close on the contract. Simple. I have a pre-determined amount.

Bird dogs certainly put up bandit signs, or mailouts, whatever drums up business.

Ask them what a reasonable offer would be.

Thanks for your help gentleman. Dean, no problem, lunch can wait.

John, I'm sorry, but could you define "commercial facility". Do you mean a bank such as Chase, Wachovia, or more of a "local" smaller bank.

Regards,

Jim

Great explanation, thank you. What states do you serve? Also, can you give a general example of the terms to your rehab products (ie: points, down pmnt, %)

Ryan, you say "rehab lenders". Are you meaning the same as Hard Money Lenders?

John, once again, thank you for your thoughts. Actually, no, no buyers ... yet. Going to see the property for the first time on Monday.

I think this is a hot topic here in Texas, and the simple and, might I add, silly solution is to not use the term "bird dog".

Looking for creative funds location. Or looking for funds in all the weird places (song tune). But seriously. What sources are there to find funds for flips or rents. HELOC on a current mortgage, H$ for the short term, what about down payments and closing cash?

Just wondering what others have done. Thank you for your comments.

Facts: 2100 sq.home, pier and beam, only real repairs is exterior paint. Home sites about 14 acres just north of Dallas metroplex. Very quiet. Home and land appraise for $220K, agreed selling price is $145K.

This would be a flip. Deal or no deal?

Thanks in advance for your comments.