All Forum Posts by: Alamen Ems

also I thought about hard money lenders but all of them need to see at lease 5k on your account cash and some requests down payment

hello everybody my short long story, been trying to start the real estate business but every time something happened, when I saved good money to start I got new job offer on west Palm Beach I moved there before Christmas time so I worked for couples day's and the company shut down for the holidays, so on that time by moving and get my life Seattle I lost total of 5 weeks without work, after 3 months we decided to back to Ohio because FL was expensive for me with 2 babies. back to Ohio and start looking for job I just got one with decent payment, all the money I saved gone with about 5k deb8in credits and 2 personal loan. what's your guys advice for me from your experience? I am renting now but my monthly payments a little bit higher than house payment so we are thinking to buy our family house first, also my credit score not bad over 700. I am mechanical maintenance with medium electric experience and I sold couple house before and all the job inside outside the houses been done by me from plumber to wood floors and vinyl siding plus painting, so this is another options for me to assist or join someone got work

Welcome to BP, I just moved to Florida ( West Palm Beach) as well from Ohio a month ago and been trying to start for years but every time something happened. Feel free to contact me And good luck

Rod Hanks thanks the interest rate he said between 7% to 13%.

Hi all. I been contacting some local hard money lenders and some online and the below is one of them offer. -We require a 10% down payment of the entire project (purchase price + repairs) -We can split the repairs up into four relatively equal draws -You need cash on hand for the first section of repairs before we inspect them and reimburse you -There is a 5% funding fee and around $1000 in closing costs that can both be rolled into the loan. What you guys think about it? I never deal with them before. Thanks in advance

@Lisa Ruby welcome to the full of info site, I learned a lot here and now I am about to start working on my financial situation and making some relationships with some local hard and private money lenders. Good luck

Welcome @Charles Hawkins . Same thing here with me been dealing with hard money lenders for a week so far and I end up finding tow local HMLs ( Recasa financial group and Assurance financial ), I try to go to HML because I don’t have enough cash. Is anybody heard or deal with them before?

@Levi Johnson thank I will post my first flip story soon hopefully, I like your plan good luck .

Richelle T. If you will have the time and willing to share some info I would like to meet with you for couple coffee

@Levi Johnson , I sold my own house in grove city last year and I made some cash, was not flipping or anything we just decided to move. Now I got to the point to start flipping houses and I am in the process finding private or hard money lenders locally. Good luck