All Forum Posts by: Jonathan Wheeler

Hey Stephanie if it was a deal in which I owned the property I would use a secured loan on the property to be repaired. I was talking about a deal that didn't have the collateral attached to the loan.

Jessica, there are many reasons in real estate and investing in general that you could use $15,000 before the purchase of a property. This is all hypothetical. I have loaned money that didn't have a collateral attached to it so I just wanted a second opinion on security for it. When I said using it for repairs or purchase I was just using it as an example.

Thanks again

 Because I have a few different cash investors that I work with. Some property's are purchased from auction and then flipped back to an investor who uses a loan to fix up. 

 Thanks so much Kevin. The unsecured loan agreement will work perfect. 

Hello yall, 

What is the best way to make/format a loan if there is no physical property attached to it. For example, giving a loan of $15,000 toward the repairs or purchase of a potential property? What type of contract would you draw up for this scenario?

Do you have an example?

I think I worded that properly lol.

Hello! 

My name is Jon. I am a contractor/investor in DFW. Currently I am waiting on my first house to close. In the meantime I am looking for work. I can do a variety of things involved with remodel. I will work for $14 an hour or if you have an amount you want a job done for then just ask.

If interested just reply here or send me a message. Cant put phone number or email on here!

Thank you

What I would have to use as a lien verification analyst was Sitex and Netronline.com. Depending on what county you are looking for will depend if you have to purchase a subscription or not.

NETRO was much more reliable than sitex but requires more work.