All Forum Posts by: Jonathan Ockletree

Thanks for the information guys!!

I was Wanting to do them in only Indiana. Lehman brothers just went belly up didnt they?

Im kinda new to this area of financing but does anyone know of how to acquire bonds to finance properties or busnisess? It seems like it would be similar to a loan but I still cant grasp all the info about them. If someone has used them before or knows any information about them could you please reply!!! Thank you

I was talking to this mortgage brokering institution today and i was asking about a Hard money loan for some properties i was trying to acquire. The guy told me that its hard finding any HML these days and told me that they would require about 40% to 60% down. Now that doesn't sound right because if that was the truth i would rather take that 40-60% and go to the conventional bank! Does this sound right to any of you? If not does anyone know any good HML?

I was wondering if anybody here has used a hardmoney lender or a private money lender and could refer me too them. I have an investment property that's free and clear that needs about $18,000 worth in repairs and would be worth around $75,000 to $85,000 when completed I also am interested in another investment property.

I have around $8,000 and some fair to decent credit depending on how you look at it. A bank wont lend on my free and clear property cause it has been gutted out and is inhabitable. Somebody please help me find funding. Any post will be greatly appreciated!

Thanks for the information. I appreciate your comments cause i surely didn't want to go into the bank and be looked at like i was crazy. I figured they needed something but i didn't exactly know what. I guess it's back to the single properties for the moment but i will be back to develop. And thanks for the website i will defintly take a look at that.

Hello everyone. Im a young real estate investor with the idea of developing a condiminium complex here in the Indianapolis area. Now two days ago i went and spoke to a banker about mainly a home loan but, i did happen to throw the idea that i wanted to develop a condiminium complex here in Indianapolis area.

I had asked a hypotetical question; I said, "Lets say i needed around seven million dollars for a condiminium development loan what would you guys be looking for in particular? And she went into saying that i needed an 800 credit score, one million dollars in my current bank account, a portfolio that showed i have experience in property management and so on..."

So i guess the question i am asking is what would me having a million dollars in my account and 800 credit score have to do with it? So are they implying that there are a certain amount of houses that i have to invest in? And i thought that a loan of that magnitude would be based more about the vision? Could somebody give me a run down on what i would need to actually have a chance at getting the funding for this type of project?