All Forum Posts by: Lorenzo Jackson

@Jerry Padilla Thanks a ton, do you offer construction loans?

@Jeff McCaskey I did not mention I have a hard money approval in place already, for my last deal I used hard money and yes I was killed with a ton of fees. I also have the refinance in place as well. I am looking for a cheaper way for acquisition/rehab without paying massive HM fees. 

I have a property under contract at 33k, it needs 15k in repairs and the ARV is at least 80k.

What is the best way to finance the deal? 

A) Go with a hard money lender for acquisition and rehab, then find another bank to cash out refinance

B)Use a conventional bank for acquisition, a 2nd bank for a construction loan and a third bank to cash out refinance

Has anyone actually obtained a construction loan?

Any advice or direction will be appreciated. 

Thank You

@David Robertson WOW, absolutely amazing. 

Thank You

@Nicole Pettis Thank You

Good Evening, 

I am just getting started with flipping houses, this is more of a request than a question. I was hoping someone could send me a sample scope of work to rehab a house. I am looking for my SOW for a rehab to look more professional. Any suggestions or help would be appreciated.  

Thank You 

Its very possible, it can be worth #30k

South West Philadelphia is my area of expertise, what is the address or the block and I can tell you how much its worth. 30k could be accurate if its on a smaller block. 

@Albert Bui do you provide a service to re-finance out of the loan?

@Brie Schmidt What bank did you use to cash out?