All Forum Posts by: David McBrayer

Well things are looking up.  I have a Pre-Approval letter for $155k for the house. Or any property.  I did not need that much but it is nice to have if I need it.  That is for purchase and rehabbing.

And when I am finished rehabbing, they will switch me into a long term loan.  3.5 pts at 12% for 13 months on the fix.  That is just if I need it for that long.  Then 6% for long term financing.  Which of course I could shop around.  This company has been pretty easy to deal with.  I will do a post later once the deal is done to give them a shout out.  But so far they have been straight forward with me, kept in contact with me and answered any questions.  They have good customer service from what I have experienced.

The people in South Carolina are pretty nice.  Now I did live in Charleston, SC for a while.  That is a beautiful city.  But things are looking up here on my end.

May everyone land a deal today.  May the Lenders lend some money and may some Borrowers borrow it.  May houses be bought and sold today.  OK, condos and vacant land too.

It is just not much money!!!

@Ricardo Lopez congratulations on passing the test and getting your license.  I hope you make a deal today!!!  Keep up the great work.

Thank you for the info @Leslie Pappas, I don't think I am quite there yet.  But it is something to research.  Again, thanks for the comment and info!!!

Awesome advise @Bryan O..  I greatly appreciate the input and comments.  I wish you the best of luck and may your next deal be one of your best ever.  Or at least let it make you some money.

There are some nice deals here in South Florida and Central Florida.  @Eli Kallison, how many units would you like in the building?

Thank you for the comment @Charles Worth.  I greatly appreciate the input!!!  Trust is always a factor.  That is why using my nephew might not be a bad idea.

He can learn what I like and he can find them.  I am open to new things.  And I am sure he will be able to teach me things.  I am counting on it. LOL  And having him with his license will save us some money.  Another Jay tip.

His father owns a 2200 sq ft commercial building with an office that he is not really doing anything with.   That could be his office.  Or ours.  I will pop in or sit in on meetings, but it will be his to run.  Unless he messes up real bad, but he is a great young man.  He kind of has a lot of tools to help him get started on his career.  I would rather work for myself than for someone else.  If I could pay the bills.   

Well I don't want to do anything wrong or get in trouble with the SEC by no means. I may just start an LLC and let the nephew be the President or VP and let him learn how to handle it. As it may be his or his dad's down the road. He will be fresh off getting his license and hungry. And he will be scouring deals and trying to make one happen. It would be nice to be a part of the start of his career. And hopefully we can act on some of those deals and make some money? But I do like the sound of a REIT.

Thanks @Brandon M., I just know there has to be someone. LOL I do think it is more along the lines of what David had said. A REIT. I am exploring the different ideas. But I like the thought of picking them and letting someone else to the paperwork. The house I am about to close on would have been a nice wholesale house if I did that. I should try it one time right? LOL Thank you for your comment Brandon.

See @David Dachtera, you got it this time. Great answers. Thank you. I think that sounded right. And the 2nd part, about the REIT was a pretty good suggestion. As that is what I was talking about, but I would like to be involved in helping pick the properties. Then again, I think they invest all over the country? Or maybe the world? I will have to look into that but that was a great suggestion. KUDOS and Thank you.