All Forum Posts by: Chris Cambridge

The only funders I'm aware of doing this would be had money and only interested in the east and north east

There may be solutions for both @Tingjun Lei and Johnathan Paz. 

If the credit is above 680 and you own these in an LLC its a good start.

You should get a broker and discuss the goals for acquisition. Having multiple program options is where you want to be. The most important thing is having money to put into the transaction. A good rule of thumb is to have 30-35% cash to play. Why? I'm glad you asked..... After the deal is closed when most lenders are looking for borrower liquidity you can't stick your hands in your pockets and remain silent. Navigating this is where you need a pro. Don't know if you are doing <$1MM or >$1MM.

Also a lender says we do 75% LTV/LTC. The loan goes to underwriting and cash flow supports 68% LTV/LTC. Are you necessarily going to use the whole 35%? Not usually but having it makes you appear less risky.

Thanks I'll be using the Fussell!

The best option will be an equity play. They will look for about 16% return and stay in for about 3-5 yrs. This is not a 100% option, you will put skin in the game but you'll put less. The deal has to make financial sense in the end for all.

Let's make a deal if you like my names or variation of them I'll have first priority to help you finance and refiance your assets.

Eastern Hotels

östlich Hotel

Landmark Hotel

Kleiner Hotel

P.S. How do we e-shake on it?

I'm looking for a good title company for Charlotte, NC any recommendations?

Need to pull title on SFR's

 What? Does that mean the 2013 proforma matches the current financials? Trust but verify comes to mind. One would expect increases from then till now meaning 2013 actuals were lower and 2013 proforma has played itself out. 

I also have a theory that the realtor is dealing with a tough seller meaning he is either disorganized or deliberately wanting the realtor to spend time and effort getting offers so he can feel out the market while he knows there is an untold story behind this. Cut to chase and press for real, legit, accountable, up to date info. Show a willingness to perform as well as walk away. Good luck.

I'm looking for a good title company for Charlotte, NC any recommendations?

Need to pull title on SFR's.