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All Forum Posts by: David Harrington

David Harrington has started 0 posts and replied 11 times.

Post: Anyone Use BoltDeals to Pull in Leads?

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2

Hey Phil,

How has your experience with Bolt Deals been now that you are 2 months in?

Post: 90% LTV bank statements, 85% LTV DSCR, 75% STR AND MORE

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2
Quote from @Charlie Gonzalez:

Hi BP community!


I offer 90% LTV on bank statements, 85% LTV on DSCR, 80% LTV on 2-4 units, 75% LTV for condotels, non warrantable condos, short term rentals and foreign nationals/non perm residents!

Please reach out if you’re looking for more options to diversify your options. Whether you’re an investor, realtor, or mortgage broker, I can help connect you with referrals and teach you how to structure loans to help you succeed.

Hey Charlie what is your minimum loan amount and seasoning period?

Post: Private money lending

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2
Quote from @Ray Hage:
Quote from @Thomas Richardson:

Can anyone offer some advice on private money lending? I find good deals more often than I can afford to purchase them. I know that there are people out there who would be interested in investing with me, but I don’t know where to begin with private money lending. Ive  never been good at pitching people for money. The area I invest in produces good cash flow and good appreciation as well. Please offer any suggestions or wisdom! Thanks. 


Most of the time the PML wants his money back quickly so cash flow and long term appreciation won't be important. I would start pitching to friends and family and then join a local RE meetup group to get to know people. Also, you'll want to have legal documents drafted, specifically a mortgage lien, promissory note and some kind of JV agreement. I have recently gotten in PML so I am not a seasoned expert but it has been lucrative for me. I also raise for projects as well


 Hey Ray Im a PML as well, I would love to connect.

Post: Seeking for Funding?

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2

Hey Araceli,

I have some need for funding. Lets connect and discuss terms.

Post: FSBO- Turn Key 4/3 in CLT 2.25% Assumable VA Loan

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2
Quote from @Ranon Barber:

Greetings to all,

I am looking for an investor or purchasing agent to connect with I own a 2600sqft brick ranch in Charlotte, NC in a great neighborhood. The home sits on a 1 acre lot and has NO HOA fees. As mentioned in the title, it is a 4/3 that has been remodeled and has large detached garage that could be easily converted into an additional livable space that provides extra rental income.

I purchased the house in 2020 and have a 30yr fixed at 2.25. I currently rent the house as a STR on Airbnb and VRBO.

I am looking to sell the home with the assumable VA loan, which would negate closing cost minus the .5% VA funding fee. Payments to include taxes and insurance would be around $1600 to the mortgage company. Utilities are around $350/month.

Additionally, I am willing to do seller financing on the differential value of the sale price and the remaining loan balance. 

Furthermore, I will include all furniture and lawn equipment with the sell of the house.

The house is in great condition and needs for nothing. It is a fantastic property! And it has more potential to bring in much more revenue.

For those interested, I can send a link and you can view the property. 

Thank you


 Hey Ranon,

I am interested in your property. Can you please send details to [email protected]

Post: FSBO 4,200 Sq ft apartment building

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2
Quote from @Dylan Feezell:

I own a church that I intended to convert into 12 studio apartments. My plans have changed and I'd like to offload it for someone else. Great opportunity. 


 Is this in the Huntsville area? 

Hey Jason,

Im a private money lender. What is the timeline you need this lender replaced?

Post: lending strategies for a 30K investment loan

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2
Quote from @Ben Layson:

we purchased a 1:1 single family with easy value add to 2:1 for 28.5k. ARV is around 60k, and FMR is 750 roughly. Its practically turnkey only needing 2 or 3k in work for patches here and there.


 Hey Ben,

If its a 1:1 and youre turning it into a 2:1 the cost to do that would be more than 2k-3K. Materials alone will probably run the 2k-3k plus labor on top of the patches here and there. Im a private money lender and I manage my own capital fund. Lets connect and see if I can help you through this deal.

Post: Student Housing Opportunity but No Funding?

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2

Hey Janiece,

There are couple of ways you could make this work. One way is to see if a Hard Money lender would fund 75%-90% of the purchase and 100% of the rehab. This would require some work on your end to get an appraisal, Scope of Work from a General Contractor who has experience doing renovations of this caliber, ensure your GC knows and applies for the necessary permits, confirm with county/city that rezoning has been complete. You can fund the GAP if you have the funds and if not, you can try to get a private investor to fund it. Once complete get it rented and order a new appraisal and refi the HML out and put it into long term debt.

You can also do all the same things listed above and source a private money lender that would fund the project. You could partner with other investors to get the project complete, or you can negotiate the price down and attempt to wholesale the deal to another investor. 

Good luck, if it can really rent for 2k per room, thats 40k+ a month which crazy cash flow on 1M loan. 

Post: Private Lending - OPM and Direct Placement

David HarringtonPosted
  • Investor
  • Orange County, CA
  • Posts 12
  • Votes 2
Quote from @Francisco Lamothe Pons:

Hi David Harrington, what is your lending criteria?, it's good to know, I get in contact with some investors, wholesaler and flippers that they might need your help,even myself, who knows, thanks.


 Hey Francisco,

Looking for experienced borrowers who have executed at least 3 transactions in the strategy they are looking to borrower with in the last 2-3 years. I also look at the amount funded vs the value of the asset it is being attached to. I have funded GAPs, Rehabs, EMD, double closes, and other creative deals. Each scenario is unique so its case-by-case.