All Forum Posts by: Angela Thornton

I just did one with RCN. Found them thought a broker who was recommended to me and my business partner. They financed us for a fix and flip based on the ARV but they charged us points up front and only finance 70%. They pay in draw and an inspector has to come out before each draw and charges $200 per visit. The draws have been small which has slowed progress. We are about 80% done with the project and they refused to give us any more draws and won't return our phone calls. They still owe us about $54,000 as part of the loan. STAY AWAY FROM RCN!!! We are now scrambling to find funds/partner to get this project done so we can sell it and recoup what we've invested and hopefully make a profit. It's been a nightmare!

Thanks Dawn!

@Dawn Brenengenundefined

Thanks Jonathan.  I've been a Realtor since 2001 and have worked with investors and sold on the retail side but never have done investing myself. I'm excited about this new venture!  I'm always open to networking with other RE professionals.  Coffee sometime would be great.

Hi everyone.  I'm a licensed Realtor in the Raleigh-Durham market and I also do home staging.  I am interested in wholesaling, buy and holds and want to eventually do some flips.  I am looking forward to networking and learning while on this forum.