All Forum Posts by: Chad Clinton

Thanks, Dmitriy! 

I'm based out of Washington, DC, but I've been doing research on markets around the country and I'm very interested in buying single family and potentially multifamily propertied in Birmingham. I will be an out of state investor and I'm in the early stages of putting dependable and seasoned team together. I would welcome any recommendations.

Chad   

@Kevin Romines Thank you for this information. I'd definitely like a referral.

Good Day BiggerPockers Family,

I could really use your help. During the market downturn of 2007-2008, I was overleveraged and had two rental properties foreclosed on that were used as collateral assignment for a large condo project (long story). In Washington, DC, there was a moratorium on foreclosures, so the transfer of deed didn't take place until couple of years ago.

NOW TO THE ISSUE........

I'm a single parent looking to move closer to where my son will be attending high school, but I've applied for financing and the lender is saying that I can't get a real estate loan until the foreclosure (i.e. transfer of deed) is three (3) years removed, which won't be until November 2020. Are there any lenders who can provide any other long term funding options or do I just have to ride this out? I'm definitely aware of the hard money options, but the interest rate would be far too much to maintain for an owner occupied property. I definitely could use the expertise of this group. Thank you in advance!

Kind regards,

Chad

@Lee Fahy thank you for the referral. I will definitely be reaching out to @Tim Swierczek.

@Amber Gonion great to touch base with you. We should definitely chat as I plan to maintain my residence in Washington, DC, so property management will be important.

@Tim Swierczek Thank you so much for the referral and I'll certainly connect with you to discuss any loan needs.

@Adam Widder thank you for the referral and market background. @Jordan Moorhead, I'll definitely be in touch with you.

Hi Everyone,

My name is Chad and I am a professional boxing promoter, which brought me to Minneapolis recently for a boxing show. While there, I really enjoyed my overall experience in the city and surrounding area. I liked it so much that I have become very interested pursuing real estate investments there as well as having more boxing shows in Minneapolis.

I have a lot of experience with (fix and flip, single and multi-family rentals) real estate in my home town of Washington, DC, but would like to pursue a few single family homes to hold as rentals for now, and eventually expand my scope of investments as I become more familiar with the market.

Any advice, turnkey opportunities to look at or agent referrals would be greatly appreciated.

Kind regards,

Chad N. Clinton
Founder
CNC Entertainment LLC

Background (short & sweet):

I started investing in February 2004 with two single family rentals and moved into developing, but got burned by contractors and the economy during the economic recession. As a result, I left the industry and focused on working a 9-to-5. In this day and time, a job is no more secure than real estate investing!

Today:

I've never loss the desire to be my own boss and I love real estate and I'm eager to restart my business. Because of my integrity, I still maintain good relationships with a few people in the industry, and, as a result, I get a lot of great  deals (mostly large multi-family), but I'm not in the position financially or structurally to do much with these opportunities.

Questions:

Given my previously expressed circumstances, I'd love to get some insight and suggestions from more established investors and real estate professionals, who are having success in the industry. As a single parent, I'm eager to provide my son with the life he deserves.

Thank you for the information. Makes all the sense in the world.