All Forum Posts by: Jay Roque

The property that I rehabbed hasn't sold yet in which I had to extend the maturity date with my Hard Money Lender. The problem is that I have to pay an additional 1.5% monthly on top of the annual interest payment which costs a lot to pay for an extension of a loan. I know that banks will not refinance fix and flip loans. Are there any other types of loans or companies that I can refinance with? Your help is greatly appreciated.

The property that I rehabbed hasn't sold yet in which I had to extend the maturity date with my Hard Money Lender. The problem is that I have to pay an additional 1.5% monthly on top of the annual interest payment which costs a lot to pay for an extension of a loan. I know that banks will not refinance fix and flip loans. Are there any other types of loans of companies that I can refinance with? Your help is greatly appreciated.

@Matt Whiteside

I am looking to rehabs. I have a partner that is currently doing multiple rehabs in Chicago and is looking to do some more. We are looking for investor friendly agents who can bring great deals to the table without us not looking at any MLS automated e-mail listings that are market value. We are looking for one that will send us good deals to invest on along with CMA's in which we can review it and go to the property to take a look at it. We are in it for the long haul and would love to do business with you if you are interested.

Hello fellow BP investors,

I am a new investor and I was wondering if anybody can recommend a friendly investor real estate agent in Chicago. I recently joined an investment group which are currently doing 4 rehabs at the moment in Chicago and is willing to do some more investments. Your help is greatly appreciated. 

Sincerely,

Jay Roque

Hello Felow Investors,

Im a newbee investor and was lucky enough to find a really good real estate agent that works with new investors. We found an invesment property with an ROI of 16-18% in a really good area and we need to act fast as this is a hot deal. I was always told "find the deal and the funds will come in". Well I'm in that situation right now and it's not looking good.

My problem is that every hard money lenders that I talked can only fund up to 80% of the purchase price and requires me to come up with the other 20%. This also does not include cost for rehab construction. I can only come up with 1/4 of the funds for the required 20% and my private investors can only do so much. I do not have any funds available for the rehab construction and I am too early in the game and do not know any investors to partner with.

What can I do to resolve this issue? Are there any other alternatives to finance this deal besides Private Money lenders or partnering with another Investor? Are there any companies that can lend on both the purchase price and rehab cost? If so, can you please suggest who they are. I really need your help. Thank you so much.

Hello Fellow Investors,

I am a newbee investor. Fortunately I found a Real Estate Agent that is willing to work with investors. We found this potential property but we have to act on it fast because it is located in a very good area. The potential ROI is %18.

My question is regarding Hard Money Lenders. Every hard money lender I talked to can only fund up to 80% of the purchase price and does not include cost for rehab construction. They require that I have proof for the additional 20% but I only have 1/4 of the money available required. My private investors can only lend me so much which also does not cover the required 20% and the additional cost for rehab construction.

Are there any companies that can do bridge loans and rehab loans? What can I do to resolve this issue? Thank you so much.

Thank you so much guys.

I am a newbee in investing. Besides absentee owners, which is the best list to target? Bankruptcy, tax liens? And what is a good number to start for direct mailing? Being new I have limited budget. Your help is greatly appreciated.