All Forum Posts by: Cortney Newmans

Buy More Rentals! Unlock Positive Cash Flow Today !!!

Competitive Rates. Quick Closings. Low Minimum Loan Amount. No Restrictions on Portfolio Size. 

FIXED RATE FULLY AMORTIZING 30 YEAR MORTGAGE !!!!!!!!!!!!!!!!!!!!!!!!!!!!! 

Rates: 6.50% to 8.85% 

https://www.limaonecapital.com/?r=CNBD

How are we different: 

Minimum loan amount of $45,000

No Personal DITI Calculated 

New Purchase, Refinance, or Cash Out for a single property or portfolio of homes  

No Seasoning Requirements !!!!!!!!!!!!!!!!!!!!!!

Up to 75% LTV !!!!!!!!!!!!!!!!!

Cortney Newmans

Director of Business Development 

NMLS#1298112

404-824-6121

[email protected] 

Lima One Capital, LLC NMLS ID# 1324403
201 E. McBee Ave. Suite 300. Greenville, SC 29601

@David Thompson Yes we currently lend throughout the state of Texas 

@Brian Barnes I would love to help you out. I think our program at Lima One Capital is simple and you want have to hassle with all the junk fees. Its is $400 for the cost of appraisals and $150 per inspection draw. Attached is a copy of our program. Let me know if I can help hout. 

Jeff Gebhart That makes plenty of sense. Do you write the incentives in your contractor agreement ? 

Manolo D. Thank you for that advice. That will definitely be helpful as well and great tips that I will be using. 

Aaron McGinnis I agree with you. The deals are just tight right now and don't see if getting better anytime soon. 

@Aaron McGinnis I dont want to get into the business of construction management at all but with me not being a cash investor, I have to use hard money to even get into the deals so I have to find somewhere to save money. 

@Wayne V. & Adam Bartomeo I totally agree with you both. I rather hire a skilled GC like Aaron to cut out the headache but it is not feasible 50% or more of the time to make the deals work, I cannot afford the overhead. Chip Chronister That is the problem. The only reason I am doing it because the deals are so tight in our market right now. 

I have flipped 3 properties so far this year. 2 have went great and 1 not so great. I work full time and would like to rely on a general contractor to manage the projects but I just can not seem to find one that is motivated to get work done on time and up to par. The 2 projects that I have had success on I GCed the whole job myself. The downfall is it is time consuming, did not meet rehab timeline, and it is not ideal when you are trying to scale a business. 

I am looking to close on 3 more deals before the end of the year. 

Would you look for other GCs ? Would you just GC the jobs yourself ? What makes you successful when you are running multiple projects at one time and can not be on the job site everyday ? 

All advice is welcomed !!!!

Is enough room to subdivide into two lots and build two homes, therefore you may be able to get more bang for your buck and not have to push the prices in the neighborhood.

Lima One has a 30 year fully amortized loan called the Rental30 and can cash you out up to 75% of as is value.