All Forum Posts by: Charles Borrelli

I would suggest flipping  the property to an investor with more money and experience in rehab work. Or find a partner. Rehab construction is a game of resources. You need a lot of them. Just go to a local real estate investors meeting. There will be lots of buyers there

Have been doing fix and flip for about 4 years now. Have a well established track record and can provide previous lender refrences. My wife/Partner is also a Florida Real estate Broker.  We have access to all the hard money we could ever want but they have lots of junk fees, upfront costs and montly payments that drain your cashflow. We are really looking for direct private sources to back end everything and build a good relationship with. I keep bumping into scammers that ask for bank account infor etc. Any suggestions on finding? Please have a look at my profile/deal sheet before answering. 

Well OK except my post had nothing to do with you so you don't need to answer it,, It was in response to the original post.  I'm a full time rehabber. If you have deals we buy them. There's no emotion in it. But 90% of  the wholesalers try to pass on crap that is not accurately assessed. But hey... If you dont care what buyers think....

Well OK except my post had nothing to do with you so you don't need to answer it,, It was in response to the original post.  I'm a full time rehabber. If you have deals we buy them. There's no emotion in it. But 90% of  the wholesalers try to pass on crap that is not accurately assessed. But hey... If you dont care what buyers think....

So you have a background in construction or investing and know how to Analyze rehab costs? You know all the comps in the area you plan to wholesale? Have a real estate license? Experience flipping or ??

I think the oo period is only a year but I suppose it depends on the contract at the time of closing

Brent. The questions are fair and your answers are cynical and judgemental ( As are a lot of the answers you give on these forums.) You really are a bit of a troll and you love to emphasize  with caps . Your first answer was not particularly useful which is why I ignored it. In your second answer all you did was parrot your first statement without reading the question. Again I'm calling BS on you. You did not say you agreed it had nothing to do with mortgage fraud until your third and also useless statement which was simply for argument sake. 

I haven't purchased a bank REO for 4 years (because the REO deals all suck around here) and you assume by the question I'm trying to defraud a bank. The more angry you become the more ludicrous you draw your conclusions. I was taught to always stand up to a bully. That is my beef with you

Thank You Ray that's very helpful. I assume the affidavit was at closing and or on the loan application?