All Forum Posts by: Jon Krachenfels

Here is the agent's profile..... @Willie Davis

Willie Davis with Keller Williams is an extremely well rounded Real Estate agent in Tallahassee, FL and he far exceeded my expectations as my seller's agent. I am an out of state Real Estate Investor and have worked with many different agents and Willie went above and beyond throughout the sales process. I had the property listed with another agent who did not produce much activity whatsoever and/or offers and his answer was to simply lower the price. When I originally spoke with Willie and discussed the challenges, I realized quickly that he had a very high level of local market knowledge, he knew what was selling and why. Willie went to the property came up with a game plan and most importantly he followed through with it. When the inspection report came back and a punch list of items came up, Willie immediately acted and found multiple quotes for the work that needed to be completed. He went out of his way to meet with contractors so that they could finish the work needed for listing the house properly and closing on time. Because of Will's connections and local market knowledge, I would recommend Will to anyone looking to buy or sell in the area. Specifically speaking to investors you would be making a big mistake if you do not work with Will. 

if the property is local to Springboro you can call Farmers and Merchants in Miamisburg and ask for Clint. He may be able to help

Out in my area there are CU's that would help but in your area try SunWest. They are out of CA and offer a few "outside of the box" loans that may be able to help you, i.e. portfolio cash outs, LOC, etc. SWMC.com (horrible website and anyone I have ever spoken with seemed to have English as a second language, but the end result is the key and I believe they may be able to help you).

I am not affiliated with SunWest in any way.

This option doesn't quite get you another LOC but may be an option if you aren't looking to tie up your money for an extended period of time... look for delayed financing options. If you aren't aleyady Fannie/Freddie'd out at 10 loans you can purchase a property using your own cash and as long as you finance the property within 6 months (to the day) of the acquisition date you can pull out up to 80 ltv based on underwriting. Sort of a different twist on the BRRR strategy.

The challenge is what you are asking. A third lien position just isn't marketable any longer on any secondary market. 

Hello, I am looking for an investor friendly Real Estate agent who knows the Vero Beach (specifically Gifford) market.  I need to better identify a game plan and need solid local info. 

Please respond to the discussion or simply reach out to me with my contact information on my profile.

Best Regards,

JK

Sure thing Emilio, shoot me a message with your contact info and I can send you some PML'S in Michigan.

Jonatan it depends on where you are investing. I work with several foreign investors on portfolio acquisitions/dispositions. If you would like to private message me I can help.

Best Regards, 

Jon 

Hey Chris where in Oh are you located? I have a list of PML's and mau be able to help. All a Hard money or PML will want to see is a property under contract or equitable interest in some way. PM or call me and I can help.

Best Regards, 

JK 

I don't quite understand why anyone with good credit would look for private/hard money as a first option? Hard/Private money is usually only used as a last option. 

It sounds like in theory you already understand what you need to do. Your client will Fanny/Freddy himself or herself out at 10 loans. Generally, that is 1 for a primary residence and 9 more for beginning their investment career. But, your client while having a pretty good salary doesn't make enough to Fanny out, so-to-speak. Debt to income will be the issue.

That being said he/she won't need to Freddy out. They can get a commercial loan, value add the properties and cash our refi the properties and re-invest.

Hope that helps. If you have specific questions feel free to give me a call.  This is the exact process I follow.

Best Regards, 

JK