All Forum Posts by: Jaycee Greene

Hey @Brandon Eike, welcome to the BP Forum! What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"? 

Do you have a city/market in mind for these investments? The first thing I'd recommend is focus on a market where you either 1) currently or have previously lived, 2) have family/friends that live there, or 3) travel to/vacation there frequently.

Hey @Matthew Rensel. The builder wants "you" to provide the financing (i.e., you lend them money) or are they looking for you to be the "borrower" of the project? I suspect the builder has crappy credit and can't get approved on their own.

Also, as a former banker myself, local banks aren't generally interested in financing new construction on this size of project or a builder that doesn't have extensive experience in these type of builds, in my opinion.

 Hi Shaylynn. Do you have a personal connection to either of those markets? You'll noticed I'm based in one of them!

If he really wants to "roll up his sleeves", he can scout properties in your community (or on the internet) and get paid a "commission" if he finds one of your investor-friends in Omaha to buy it (aka, acquisition fee/finder's fee).

Most lenders that I work with cap the LTV % on cash outs at 70%, so assuming $165k is accurate, the max loan I would see on this would be around $115k, which doesn't give you any cash.

Hey @Jermaine Washington, welcome to the BP Forum! With 3 properties already, you're definitely not "new" anymore ;-) Doing a refi is very possible (depending on how much equity you've accumulated) to do those types of things...the issue can be the tax ramification that you face if/when you do it. Couple of details that would help the community here: what's your estimated value of house "A", the loan balance, and monthly rent?

 While he may not have money to invest...there are multiple ways he can still derive income from real estate.

Have you tried this group: https://nwprivatelending.com/hard-money-loans-we-offer/comme...?

Hi @Heidi Ibrahim, welcome to the BP Forum! I assume you're looking for SF properties in those counties? Are you wanting to do fix/flip, BRRR, or a mix of the two? Do you have a price point or size of property that interests you?

Hey @Raj Vardhan. Yes, it's possible, but you'd probably need to get approved in the next 30 days as I'd estimate a 60 day close (at least) for an investment property in the name of an LLC. Do you need help finding banks that would do these loans?