All Forum Posts by: Eddie Reid

hello anthoney ed reid here,if you can give me an overview of  the deals you are working on im sure I can be assistance,i have a wide variety of financing programs  

hello Amanda,ed reid here,even though you don't have the credit you can still move forward with your realestate investment agenda,the reason why you can do this is because theer is a plethora of realestate financing programs that cater to investors that may have some credit issues ,the question is how much capital do you have to put into a realestate deal ,this will determine exactly what you can do.

hello srephen,ed reid here ,well their is an intresing scripture in the greatest book ever writen,and it states imitate those that inherit the promise ,this is modern day modeling,if you want to be successful in realestate follow those that have demonstated success,i peronally like john cochran,the reason why is he specializes in hud flips and he's been very successful in that area,he has a course you may want to check ,you may want to visit ,the king of systems.com and it will give you info on the course,it's a little expensive but worth it ,you may also want to go to hudhomeshalfoff.com ,this is larry goins site he is also very successful in the flip arena,you may be able to get a free book from him that also goes over the hud process of flipping,now you will also need cash buyers,you can go to cashbuyersdatafeed.com and you can subscribe for $1.97 trial,then $50 a mo,this is an excellent resource for building a cashbuyers list because you can search for cash buyers in your area,it will show you the name,address,and the amount of the purchase,you can also get some ph#,i did and im in maryland, 

hello Mr.Gallagher,Ed Reid here i greatly appreciae your followup,as i mentined in the recent emai li have a plethora of souces for funds,the 100% financing programs with 700 or above credit score is currenty 13% and 5 pts 6 mo. term with exstentions,we also have a 620 program,im in the processing of updating my portfolio to get the rates and pts cheaper,i also have a credit line program avaiable for investors i have to fine tune the particulars to make sure we can do the east coast,i also have the 80%acuisition and 70to 80% rehabfunding,Mark as we both know im sure you have no problem getting capital,i would guess the question is how fast do you want to scale up,while keeping your operating costs low during your holding period,i will text or email you tomorrow to let you know when im free and you get let me know what times  works best for you.    

hi ashley,eddie reid here if you want to get into the mote business,these are some are some resouces you may want to review,you can google sue nelson realestate note investor she has a complete course on the note business,you also want to google eddie speed note investor he also has a course,duncan wierman realestate investor,he also hs a course,hopefully this helps

hello mark eddie reid here ,just wanted to touch basis with you ,i am a commercial mtg broker,i have accesss to a diversity of different funding,a combination of 100% financing for your fix and flips in addition to other financing programs for investors that may not have great credit,80% acquisition and 80%to 70% rehab,mark what you may want to consider to expand your purchaseing power for the private investors you"ve worked with where you have demonstated results,consider having them in 2nd position and using private money or hard money for your 1st,this will give you more purchasing power that will allow you to have 2 or 3 projects going opposed to 1   

hello srephen,eddie reid here,just want to mention one of the keys to creating a large portfolio is being able to finance your way to wealth using a combinantion of stratergires, tapping your existing equity to acqire new holdings and using private money that you can get up to 100%financing for your fix and flips,selling some and keeping some,this will allow you to accumulate capital quckly because what you have is a 2 income scenario,cashflow coming from your rentals and large capital coming from your flips   

hello Jeremy,ed reid here,there are lenders that will do 100% financing ,these are there guidelines ,you will need a 660 to 680 credit score,they will lend up to 100% of the after repair value up to 65% to break this down,lets say you have a property where the cost is 50,000to buy 30,000 to rehab,this total comes to 80,000,lets say that the house will appraise for 140,0000 after the property is rehabbed,65% of 140,000 is 91,000,you will be in good shape ,the other underwriting factors are that the lender will like for you to be solvent and will ask for bank statements or tax returns,hope this helps 

eddie reid

email [email protected]

phone 240 5521656 

there are in my opinion great oppourtunities in the marketplace today ,you may have to move outside your geographic  area,the internet has revolutized the way business is done in all industries,what is a popular way of investing in todays marketplace is virtual investing,complimemts of google and mobile ,using google maps in addition to full pictorial of the interior of the property in addition to a proforma that you can pull up on your mobile for a turkey rental is the way a lot of investors are buying out of town properties as far as 2000 miles away from the subject especialy if the investor is doing any type of owner finacing as his exit stratergy to sell  the property,this can eliminate some of the hassles of property management,when you're getting cash on cash returns of 30% in some areas of the country,by the way these properties are not in war zones ,the decision to invest outside your area is almost a no brainer ,but proceed with caution,you always want to make sure you are dealing with competent professionals,there are areas in the country like indiapolis and Baltimore that have great inventory,baltimore where I operate the properties have a high rent to value index,if you want to go south Birmingham ala is another area,but you always want to do your due diligence as it pertains to demographics,market and neighborhood analysis

hello anthoney,ed reid here,what you may want to consider is to find an investor who will form a partnership with you or getting a hard money lender to finance the property for you ,feel free to email me for any other suggestions if you have not got your deal done,[email protected]