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All Forum Posts by: Clinton Riskus

Clinton Riskus has started 5 posts and replied 24 times.

Post: 16 Acre Ranch Property Rainbow/Fallbrook looking to build spec

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

Hello everyone,

I have a 16 acre ranch style property in Rainbow near Fallbrook. The property is tucked away amongst flower farms and avocado groves. It's just vacant land now I am looking to build a spec house. I am looking for a partner if anyone is interested in discussing. 

Post: Development Team building San Diego

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

I'm buying land in so cal right now. I have a half acre in Wildomar and 16 acres in Fallbrook I'm looking to build on. I am looking for a general contractor to work with. 

Post: Buying 12 units - Commercial lender wants to charge 2 points

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

Thanks for the tips guys. Just fyi I used to sell subprime loans so I'm always looking out for junk fees :)

Post: Buying 12 units - Commercial lender wants to charge 2 points

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

Thanks Robert. You were correct $2795 included 3 separate appraisals 1 for each 4 plex. I believe this was about $700 a piece. I will see where the rest of the funds were allocated but at the end of the day there are costs no matter where you get the loan. If you know of a lender charging less than 2 points for a similar deal let me know what but I thought it was about right. 

Post: Buying 12 units - Commercial lender wants to charge 2 points

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

Yeah that's exactly what I figured $2795 only at closing and not upfront. 2 points sounded right on the loan amount. I wasn't sure if 5.0-5.25% was possible right now?

Post: Buying 12 units - Commercial lender wants to charge 2 points

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

Commercial lender wants to charge 2 points plus $2795 app fee on a fixed 5.75% 30yr.

I have a 750 fico total cost is $330 loan is 280k. I thought this was a hot deal just wondering if you guys are getting better deals on similar loans right now. Please advise. Thanks.

Post: Riverside, CA market

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

What's up Riverslime investors? Corona / Riverside is my hood. Downtown is on the way up for sure. FYI I would be real careful over there between University and Chicago like the other post mentioned above...

Post: Any Active Members in Baton Rouge, LA?

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

Hi all,

I am not in Baton Rouge but I am interested in connecting and working with locals in the area to find hot deals. Send me a pm to discuss. 

Post: Active members in Jacksonville, Florida?

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

Hello all,

I am looking to connect with those in Jacksonville. Deals wanted.

Post: NewBee In New Orleans

Clinton RiskusPosted
  • Real Estate Consultant
  • Lake Elsinore, CA
  • Posts 52
  • Votes 3

That is great news. I am happy to hear that you are doing so well and that you are already have plans to help so many others in the area...I am looking for properties in New Orleans maybe we can connect.