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All Forum Posts by: Jerry C.

Jerry C. has started 1 posts and replied 13 times.

Post: Hard Money/Private Money

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

Could get a personal loan beforehand to help cover the difference.  

Post: Is anyone doing land development of multifamily on here

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

Hi Kenneth, I work with a few spec builders on the lending side in Charlotte, NC and am always keeping an eye out for off market deals, including land. Would be happy to connect. 

Post: Anyone use only minisplits to cool/heat an entire house?

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

I installed a cassette style mini split on a ~600sqft project of mine. Works well. The heating and cooling is definitely not as balanced as a ducted system, but it's good enough.

I've also lived in apartments in the north east with a wall unit in the bedroom and one in the living room. We'd use the living room all the time, but only the bedroom at night. The bedroom was hotter/cooler during the day, but wasn't an issue since we weren't in there. I think the size of the home will really determine if it's worth it or not. 

Post: STR Homeowners insurance help

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

Give Apex Insurance a call (704) 990-5300. They're located in Matthews, NC. I've worked with them on STR property purchases, so they should be able to help.

Post: Non-conventional or portfolio lenders in NC

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

Hey Jordan,

I'm a mortgage broker in Charlotte, NC. I can do all non-qm type loans including portfolio and blanket loans.

704-669-8036

Post: Non-conventional or portfolio lenders in NC

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

Hey Jordan,

I'm a mortgage broker in Charlotte, NC. I can do all non-qm type loans including portfolio and blanket loans.

704-669-8036

Post: Help evaluating a condo deal in Charlotte (2bd/2ba)

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

I can validate rents in the complex for that size of unit have closed between 900 and 1k. Comps for smaller units in the same complex are around 50k for 2/1.5. The condo is move in ready and the best value on the market. I can't speak to the condition of the previous sales. Just thought I'd clear things up a bit.

Post: Cash flowing large 2bd 2ba condo for sale in Charlotte NC

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

Dropped the price to be more in line with comparable sales, instead of comparable listings. Just ran into an appraisal issue on another property, and would like to prevent that from happening in the future. 10% cap rate. Move in ready.

Post: Cash flowing large 2bd 2ba condo for sale in Charlotte NC

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

Hi Ty. We are in negotiation, but are still accepting offers at this time. you can call the number I listed and set up a time to view if you're interested. 

Regards,

Jerry

Post: Cash flowing large 2bd 2ba condo for sale in Charlotte NC

Jerry C.Posted
  • Lender
  • Charlotte, NC
  • Posts 13
  • Votes 6

Hi Gerome. I sent a link to the email you provided. The condo is still available. It's located about 10 minutes east of uptown Charlotte in 28212.