All Forum Posts by: Frank Y.

@Tony Marcelle First red glad will be asking upfront money.

There are previous discussions about Goldmine. What they do is proving you list of lenders but you can hardly get hold of. Suggest go to your local lenders. 

Private money will be your best bet. Good luck. 

Best way is to find attorney to draft a mortgage and promissory note which outlines all the terms. 

@Shon LaRoi where are you? I would suggest go to your local REI meet up to find private money lenders.

@Stacy Gilman that’s a company trying to sell you expensive no-use courses. I would stay away from them.

@Lydia Bolling Definitely go to a bank for cash out refinance. Use the cash for your next project and keep going like that.

@Jay Hinrichs Good advice. There are many scams in NJ.

@Sara Barb I would be honest with you. The deal seems too good to be true. 5-7 % without points is very low for PML. How will the lender evaluate your deal? What will the lender do if you default? You can keep talking to them, but run away whenever they ask for upfront money.

Ben C. Hello, Ben. I am a private lender in East PA and we lend to central and south Jersey. We can fund 85% of purchase price and 100% of rehab. We don’t need appraisal and don’t charge any application fee or underwriting fee. Email me at “frank at privatelendingpa.com” should you need more info. Thanks.