All Forum Posts by: Jamie Parker

Are you currently under contract or needing funding. Some lenders in Private Institutional Lending that may not require credit checks or income docs. In some cases the interest rates and points for origination are more reasonable.

Hey I am an investor from Memphis with some experience in Birmingham but it’s been nearly 4 years (2019) since the last visit to Birmingham for a property tour. Back in 2019 Oporto Madrid was a tough part of town between East Lake and Roebuck. East lake was on the east of a Woodlawn developing part of town in terms of commerce.

I guess I’m looking to understand, how has that area (Woodlawn, East lake, Roebuck)  changed since 2018-2019. Jobs, business, legislation, investment? Oporto Madrid (the area I’m curious about) is north of Irondale.

Value-add opportunity  seems to be in a dead zone (mostly small businesses, convenience stores, fast food) . 
if you know the area, what you think? Thanks 

  @Justin Sullivan is correct sending money to someone using the same banks as you is much easier right now. I went to the bank earlier this week, attempting to set up a bill pay on a seller financing property I recently closed. The banker told me that the account that I am sending the bill pay to has to be an account with my name on it. Confused as if I can do an external transfer, even wires are tough as well. 

@Fili Aguirre but yes wire transfers are same day transfer to different banks thru the ACH system and usually comes with a fee around 30 bucks (as far as I know, not a banker). Bank transfers are account to account within the same bank. IF you opened your account in one place and someone else opened there account in another place but same institution. Same bank but the numbers get off when for each individual bank tho they are the same. same same but different lol

@Steve Wolfrey

 My mistake on the last post. Moving too fast. Would Private lending be an option? 

Could I get more information about ur products? 

 I know a Private lender I could refer you to if interested 

 Taking a contrarian viewpoint, The more the expensive the funding the least likely someone would seek to utilize debt. I feel as if it is a measure to stabilize the banks balance sheets. I don't understand the approach to be honest. Makes me think what's the point of working hard, seems if you just wait long enough the admin will benefit mediocrity. 

Make it reasonable for lower score people to have an on-ramp but not better than higher scores that have worked hard to get where they are.  im with you @Evan O'Brien Ridiculous 

I know a private lender that I could refer you, if interested.

If interested . inbox me I can provide more detail.