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All Forum Posts by: David Pearl

David Pearl has started 1 posts and replied 120 times.

Quote from @Jorge Esteras:

I'm located close to the cleveland area and looking for help from someone to walk me through my first deal. I'm looking for a buy and hold to start off. Any help would be greatly appreciated. I listen to the bigger pockets podcast all the time and have ideas on what to do, I guess I'm just hesitant to take the steps alone without the experience. Thank you in advance.

@Jorge Esteras - Hi Jorge! Congrats on getting started! What questions do you have exactly? Happy to be a resource. 

Post: Investor looking for a team

David PearlPosted
  • Lender
  • Posts 121
  • Votes 14
Quote from @Miguel Del Real:

I’m an investor looking for my first rental

 @Miguel Del Real - Hi Miguel! Very exciting that you are staring your real estate investing journey. Would love to connect and see how I can be a resource. 

Post: Lender less than 20% down

David PearlPosted
  • Lender
  • Posts 121
  • Votes 14
Quote from @Jose Rivera Jr:

Hi, Anyone with  lender for a fix and flip with less than 20% down. Minimal experience. 

Hi Jose. We can lend up to 90% of the purchase price (10%) down and can fund up to 100% of the rehab. Happy to discuss. 
Quote from @Rehaan Khan:

Hi,

I’m looking for investor friendly realtors in Ohio, WV, DE and PA to help me acquire fix & flip projects. Please get in touch with me if you’re interested.

Hi @Rehaan Khan - i own investment properties in Ohio and can refer you to an agent. Please send me a private message 

Post: Looking for lender for MHP&self storage deal

David PearlPosted
  • Lender
  • Posts 121
  • Votes 14
Quote from @Mark Walker:

Hello, I have financing with a local bank but would like better terms if possible.

Thanks

Mark Walker

@Mark Walker - Hi Mark. Happy to help you with this. 

Post: Seeking Private Lenders

David PearlPosted
  • Lender
  • Posts 121
  • Votes 14
Quote from @Ryan James:

Seeking Private Lenders | $40,000 - $2,000,000

Willing to pay 2 Pts and up to 10% interest w a min 3 month term. 45+ Projects completed in 2023.

CoreMark Homes

9 Buttles Ave 308

Columbus, Ohio 43215

www.coremarkhomes.com

Summary:

All our projects are crafted, guided by the belief that the things we develop should have an enduring mark and lasting value. Our goal is to deliver extraordinary value for our community and investors through the acquisition and development of distressed or undervalued residential and mixed-use projects.

Managing Partner:

Benjamin Alesi

5+ years of experience in flipping houses, managing rentals / Airbnbs & purchasing homes at auction. His primary focus within the company is overseeing renovations from material sourcing to managing contractors and crews.

Managing Partner:

Ryan James

Actively involved in identifying and acquiring undervalued off market projects. He specializes in systems architecture, overseeing the design and execution of IT projects that connect CoreMark Homes, sellers, syndicates and vendors.

Hi @Ryan James - would love to connect and learn more about your business. I noticed you are in Ohio. I own properties there as well. 

Post: Lenders Wanted in NJ

David PearlPosted
  • Lender
  • Posts 121
  • Votes 14
Quote from @Jennifer Katherine De Loughy:

Hey, All

I'm looking to network with reputable lenders in my area (Central NJ). I am trying to grow my business and referring you to my clients sets an example of who I choose to do business with, so I am looking for people who truly care about their clients and love their job. I am open to meeting in person. Hit me up and introduce yourself.

Thanks!

Jenn

Hi Jenn. I actually grew up in Jersey. We lend in NJ so happy to discuss. 

Post: Looking for lenders and investors

David PearlPosted
  • Lender
  • Posts 121
  • Votes 14
Quote from @Lyle Alan Young:

Have a home I'd like to buy and do a quick fix and flip. Also looking at additional single family homes that would make great profits for us both.

@Lyle Alan Young - Hi Lyle. Sounds like an exciting opportunity. Would love to learn more about what you are looking for specifically. If the numbers makes sense and the credit is decent there are options for you that would only require up to a 10% down payment and up to 100% of the renovations could be funded. 

Post: Sell an option on my home.

David PearlPosted
  • Lender
  • Posts 121
  • Votes 14
Quote from @Eric Edling:

My mortgage is 2500 I owe 389,990 on my home at 4918 97th ave ct w university place.

Current value is atleast 800,000.

My credit is terrible. Had a few issue during Covid and almost 5 years ago I filed bankruptcy and my ex got a camping trailer repossessed but liability to it was removed during the bankruptcy but the credit union sold the debt and some how managed to get it on my credit I am working to get it off. Other than that I have no credit card debt and just student loan debt. My mortgage is now current and i recently started a new job but I won’t start making good money for another 60 days. I have a very nice 2017 Yukon Denali that I just got out of the shop but it took my insurance company a year to fix it and it’s still not done and it’s been a massive financial burden but I owe only 4,000 on it. I’d like to finish getting it fixed and sell it but I’m the mean time I have small bills piling up and I would love to relieve this stress and get access to a small amount of my home equity like 10,000. If anyone would be interested in buying the option and giving me 1-2 years before excercising it and a price that I can buy it back at and repay the debt plus interest. Let me know if you have any other ideas.

@Eric Edling - Hi Eric. I’m am sorry to hear about your situation. I do have some other ideas. Please send me a private message 

Post: DSCR Long Term Refinance for 92K Value Property

David PearlPosted
  • Lender
  • Posts 121
  • Votes 14
Quote from @Tahsin Ishtiaque:

I am looking to refinance one of the investment properties that I bought last December for 75k. I was working with a lender and they did the appraisal and it came back 92k. So with the 75% LTV loan balance came out at 69k but they did not move forward as there was a late payment that was 12 months old. Now most of the DSCR lenders min loan amount is 75k and I am sitting around 69K. I am looking for lenders who will do rate term refinance for this property. Its located in Garfield Heights, OH and currently under conventional mortgage. Any help will be appreciated. Credit Score is 724. I also have another investment property in Lorain area that has been appraised at 102k and current mortgage balance is 68k. I would be open to merge these two loans and make it a portfolio if needed to do the deal.

@Tahsin Ishtiaque - happy to help. We are able to work with the loan amounts and can often assist if even with mortgage delinquencies.