All Forum Posts by: John Rubino

I'd recommend staying in Maryland. DC/VA are higher end, higher risk. Best of luck.

Andrew,

Thanks so much for sharing.  I wish you all the best with your ventures on these projects.  Keep us posted. I'm always looking for a well experienced investor/business to work with in Atlanta....If you have interest in working with a private funder please keep me in mind.

Regards,

John

Hello BP,

I've posted a few times on the marketplace in the past.  I have a private funding business providing 100% capital to private investors and businesses looking for funds for their projects.  We are currently in the DC, Virginia, Maryland, Georgia, Florida, and North/South Carolina markets.  Our website provides good background on our business, company partners, projects, investment options, and funding services.  We are looking to work with experienced investors/businesses but welcome new investors/businesses as well. Please contact me for more information or visit our website at www.jidinvestments.com

You can also visit our FB page at JID Investments, LLC.

Thanks and have a great day.

John Rubino

Rashad,

We haven't had one in June or July.  I believe the next one will either be in August or September.  Please send a note to Roger Lin to get on our EVITE list so you can be informed of upcoming meetings.

Talks soon,

John

Wanted to check and see if anyone could recommend any good Charles County MD attorneys .  I may have to go through a foreclosure with a current investor using our funds and I would really appreciate a good attorney if anyone wouldn't mind sharing.  Thanks and hope all is well.

Regards,

John Rubino

Hello,

I am in receipt of several properties on a daily/weekly basis from wholesalers and agents in the Atlanta (and surrounding areas) market. They are primarily rehab type properties.

Our funding business is looking for experienced investors and/or businesses who would like to review the projects, determine if they would want to take them on, and utilize our private funds as either a JV or fully funded project to execute the deal. Investors and businesses should have their own team/staff (e.g., contractors with a GC license and workers comp, real estate agents, project managers) and be willing to work within our parameters and terms. Please contact me if you are interested. Be advised we will require due diligence items to be completed before providing our funds for these deals. Our website (www.jidinvestments.com) will provide you detail on our business and funding services.

Thank you and have a great day.

John Rubino

Co-Managing Director & Founder

JID Investments, LLC.

Mike....they are.....the group is called Capital REI on FB......You can also send a message to Roger Lin to be added to our EVITE list for when we send out invites to the meetings.

Cheers,

John

Hello BP Nation……I’ve posted here a few times on the marketplace regarding my business. My name is John Rubino and I am the Founder and Co-Managing Director of JID Investments. JID Investments is a Private Funding Business providing capital to Real Estate Businesses & Professionals interested in attaining funding outside traditional means.

We are currently funding up to 100% financing for acquisition and construction/rehabbing cost (if the project meets JIDI terms/parameters) and won't require payment, including fees, until project closing. Projects approved for funding must meet certain requirements, ratios, etc. Each potential business partner requesting capital for their projects must satisfy our established Due Diligence Checklist of necessary items for all projects.

Our services include: 1) Fully Funded Projects; 2) Joint Ventures, and 3) Equity Partnerships.

We are looking for a partnered business/investor to work with us in several Georgia markets (primarily Atlanta but also areas like Decatur, Dallas, Lithonia, and Fairburn). We have access to several properties that are available and would share this inventory of potential properties with a partnered business/investor if they agree to work with us. We would like to work with more experienced businesses/investors but welcome all who are interested. JID is only interested in working with businesses and investors who desire a long-term funding partner and a win-win result for both parties on every deal.

Businesses/investors should have a fully functioning team onboard to handle these projects (e.g. contractor(s), real estate agent(s), project manager(s), and closing company) and are interested in a long-term funding partner.

You can view our website at www.jidinvestments.com to find out more about our business, terms/parameters, and services. Our fees are available for your review on our website and would be negotiable upon your experience level, willingness to bring “skin into the game,” and other incentives you can add to the deal. We also plan to target homes in the Florida, Carolina, Maryland, and Virginia markets.

If you are interested contact me to discuss.

Regards,

John Rubino

Hello everybody….My name is John Rubino and I am the Founder and Co-Managing Director of JID Investments. JID Investments is a Private Funding Business providing capital to Real Estate Businesses & Professionals interested in attaining funding outside traditional means. JID is only interested in working with businesses and investors who desire a long-term funding partner and a win-win result for both parties on every deal.

Our business has two primary strategies:

1) Investment: We seek to secure high yield returns with medium risk by providing private (investor) capital to businesses with viable real estate opportunities.

2) We will fund up to 100% financing for acquisition and construction/rehabbing cost (if the project meets JIDI terms/parameters) and won't require payment, including fees, until project closing. Projects approved for funding must meet certain requirements, ratios, etc. Each potential business partner requesting capital for their projects must satisfy our established Due Diligence Checklist of necessary items for all projects.

Our services include: 1) Fully Funded Projects; 2) Joint Ventures, and 3) Equity Partnerships.

Standard Collateral (pending the type of project) includes: 1) Personal Guarantees; 2) 1st Position on the Lien; 3) Additional Fee (partial or full month over the term). Additional collateral and fees vary by deal.

Minimum JIDI fee per project is $18,000.

Maximum funding amount JIDI will fund is investment plus Basic Fee up to 80% of ARV (After Rehab Value). Example, for a project with a $300,000 ARV, we would be willing to fund $200,000. 80% of ARV would be $240,000. This would equate to $200,000 funding plus the $40,000 (20%) fee.

We have funded five projects, for a total of $1,300,000, in the past six months and anticipate funding approximately 4-6 projects over the next 2-3 months.

We also have two projects on the market right now. One is under contract and closes 15 May.

We just funded two amazing opportunities in Washington, DC (Adams Morgan NW and Columbia Heights). These two projects will take a little longer than we normally target but we will receive a projected return of 17-20% annualized for our investors.

If you are interested in learning more about our investment opportunities and what our company could possibly provide your business please visit our website at .

We are currently working markets on the East Coast only.

Thanks for your time.

FANTASTIC THREAD! Thanks all for sharing. We've only done 5 deals but its amazing how many times we've re-written our company docs (e.g., parameters/terms doc) as a result of lessons learned and information sharing from people we meet. Big things to remember with private funding we've experienced are:

1) Established businesses are better to work with than new investors. That's not to say that established businesses don't get into trouble or that new businesses always run into issues, but from a private funding piece its always easier to work with established companies/investors who bring experience and their lessons learned to the table. We tend to also format the deals with newer investors to protect us more so maybe having them bring more skin into the game or taking a profit split (10 or 20%) along with our fee.

2) The first deal is the toughest deal with a new business. Making sure your equities and the requested businesses' equities are covered is always tough. Having an open mind at first and always thinking about a professional relationship/win-win attitude is important. However, if you are representing investors...their protection and equities should always be your priority. Never give in to a business if it means it will hurt you and your investors down the line.

3) Get to know who you are working with. Most Private Funding Lenders/HMLs don't require the paperwork a traditional lender requires (e.g., bank statements, credit report, appraisal). Not to say you can't ask for that stuff, but that's why investors tend to like working with Private funding businesses and HMLs. Not to mention the fact that the money is usually readily available. But, that doesn't mean you can't get to know the individual(s) you are working with. Maybe go out for coffee, or lunch, or dinner. You can tell a person's character when you have more exposure to them and then determine whether they have character or are a "character."

4) Due Diligence. Trust in important but never the end all be all. We work with close friends and family but we still do our due diligence by looking at CMAs or contacting our POCs in the markets our deals are in to ensure things like ARVs or statement of work numbers. Create a checklist and make sure you walk through the due diligence items. Things like....Workers Comp, Insurance on the property, review closing docs...etc....Feel free to check out our website (under the Private funding tab) for more due diligence items to think about.

5) Collateral. Always protect yourself and your investors. Collateral is insurance if something goes wrong....and remember....something will always go wrong (or at least you should be prepared for it).

6) Lastly is paperwork, paperwork, paperwork. Its okay to have a verbal agreement at first but make sure when you are executing the plan its in writing. Make sure you are happy with the way things read and recommend changes as you see fit.

That's my 2 cents (okay maybe more like 4 cents). Thanks again for the opportunity to share and see you all in BP land.