All Forum Posts by: Alex Bekeza

@Matt P.  Thanks for sharing.  I think BP is doing a pretty good job and eliminating these guys but there's only so much they can do to stop crazy people in their basement from blasting peoples PMs LOL

I hope everyone can put themselves in a lender's shoes and sniff out offers that don't make any sense financially from a lender's perspective.  

@Adam Webb Quit peeing in the damn ducts! haha

Land Brothers Mortgage is now offering a Fix and Flip Line of Credit for Experienced Flippers.

• Line Amount = 5x your total liquidity (100% cash in personal/business + stocks, 70% of mutual funds, and 50% of any unused HELOC funds)
• Use the line to draw 90% on purchases and 90% on rehab costs
• Interest starting at 6.99%
• Minimum FICO 700
• Minimum 4 flips experience

Are you an all cash buyer? We'll Refi you at 90% of purchase, get you your cash back and send you off to buy the next one!

Use hard money? Our leverage and costs will win 7 days a week, 365 days a year.

Reach out and let’s talk about your flipping business!

Fix and Flip LOC video explainer

If you're interested in learning more about how our line of credit works then send me an email with "FIX AND FLIP LOC" in the subject line and I'll reach out to you in a timely manner.  

 INSTAGRAM  ------ > Follow me to stay connected!

All the best,

@Timothy Lampson Not too shabby!  How many flips have you completed now?

@Jordan Archer Nice, I live in the vicinity of the recent SoCal fires and many friends/fam are dealing with the smoke damage in their homes here. I was curious if you used some sort of charcoal filter system or something.  

What type of interest did you pay via Cogo?  I've had a few clients ask for my opinion of them but I have no experience dealing with them to reference.  (Feel free to answer via private message if you prefer)

All the best, 

@Andre Freitas Thanks for sharing.  This is probably the first "Farm Flip" I've seen on here!  To what extent did you have to "landscape".? Were you essentially fixing the house and making the farm shovel/seed ready? Share some pics!

What kind of terms did you get from the hard money lender on this farm?

All the best, 

@Joel Fischer Sounds good Joel, I just sent you an email.  

Land Brothers Mortgage and Realty has the solution for 1-4 unit property investors looking for cost effective financing not based on debt to income ratio.  These are true, asset based loans which base their qualifications off of the income produced by the property.

-30 year terms, fully amortized

-5/1, 7/1,10/1 ARMs and 30 year fixed options available

-Up to 75% LTV on Cash Out Refinances

-Interest in the 5-6% range 

Shoot me an email with "Bigger Pockets Ad" in the subject line, give me some basic information on your scenario, and I will reach out promptly to discuss pricing. 

All the best, 

@Jamin Olds  There are small balance commercial programs for mobile home parks at the $250k minimum loan size available.  Let's connect.

The county the park is in must have at least 100,000 people and you'll need at least 80% occupancy but 30 year terms are available.  

@Jordan Archer What did you do for the smoke smell? and what kind of rates and points did you pay with Cogo?