All Forum Posts by: Jamie Turner

They were responsive, but didn't work out for that deal. I would use them again, but have good relationships with a few other HM lenders already. Feel free to IM me for referrals if you're looking for someone. 

@Sam Rust Congrats & well done!

I own multi-family property in Sumter. It's a good rental market. You could join a REIA in Columbia to get some more knowledge (Midlands REIA seems quite active). I also agree with the suggestion to get licensed - a great way to build more knowledge, and credibility.

Happy to chat if you have.

Newly originated note for sale, secured by a 1st-position mortgage.

• Seller-financed first position note: $48,500 @10.0% interest
• $48,500 UPB selling for $41,225.00
• 20-year am, no balloon, with $468.04 monthly payments
• Rehabbed property in Grampian, PA, sold for $50,000 8/21/18
• First payment due Oct 1, 2018
• Buyer doesn't have good credit, but stable employment and on-time payments
• Buyer would meet ratios for a refinance once credit situation improves, based on current income and debt

Note is being serviced by FCI, and can be transferred. 

Legal stuff: this is neither an offer to sell nor purchase any security. This communication isn't intended as legal nor financial or investment advice nor intended to address the objectives or needs of specific individuals. If you require legal or specific financial or investment assistance please consult your own attorney, financial planner or Trustee.

@Daniel Stepp Instead of selling your home, why not refinance, pull out some cash and use that to invest instead? You can rent out the house and have a local property manager. Just a thought. Best of luck with real estate investing! It's fun and rewarding. 

I invest out of state in South Carolina and love it. It's a lot of time on the phone, rewarding and helpful with diversifying across geography. I have great relationships down there.

That being said, I'm glad I waited until I had some local experience before jumping in long-distance. Happy to chat if you'd like. 

Hi Daniel,

Welcome! I'm an active investor in Philly and happy to chat with you if you ever have questions. I flip in Philly, and invest in value-add multi-family out of state.

Hi Patrick,

I'm a long-distance investor into blue-collar SC towns too. Happy to refer you to the agent I used. Feel free to PM me.

Thanks,
Jamie

Thanks everyone for the input. Yes, we're working on some minor clearing and improving lots (adding utilities, etc.). That's helpful information. I'll also check with a local civil engineer. 

Oh I see. If it’s your agent, I can see that. 

Good luck with your deal!