All Forum Posts by: Kevin Tillery

@Alex S. 

I've come across some potential lenders. I'll let you know if either actually funds.

@Stephanie P.

Thanks! Can you provide me with a few referrals?

Thanks all! 

Hope all is well.

I'm looking for new construction financing. The project is in Newark, NJ and I have a pre-approved end buyer lined up for the resell/loan payoff.

I already own the land, the lot is zoned for a 2 family, the soft costs will be around $7K, construction costs will be roughly $300K and the ARV will be $425K.

The builder is on board and my architect is working on the plans.

How would you finance the build?

For those who are opposed to coaching, have you ever purchased a 50+ unit property? If so, how was the experience? Lastly, did you lose money or make money?

@Jodi Terrell Hi. Hope all is well. Did you ever decide on a mentor/training program?

@Eric Upchurch Good day Eric. Hope all is well. Thanks for sharing your experience, and congrats on your deal. Can I ask, how did you close on the 212 doors (syndication, JV, sponsor, passive, lending institution, posted the spec on Facebook or at an event to get interest, etc.)? Also, how did you find the property?

@Powell Chee Thanks for providing your insight. Did you close a deal during your time in the program?

@ROTIMI OLUWO Not exactly. You're missing a lot of details... I can no longer speak publicly on these matters. 

You own that entity smart guy, not me...Hence, you making the mortgage payments...Having me personally guarantee the loan then assume the entity is not only fraud but morally unconscionable.

$190k, huh. Purchase of $65k and rehab of $40k. You chose the right business. Anyway, the forensic audit will uncover where those funds came from. And sending a subpoena to the company who dispersed the rehab draws will also show who financed this transition.

I'm waiting to see the document joining these two separate transactions...Both in which you own on paper, hence the lender financing you, not me...I'm just the guy who did all the work and never got compensated.

I notice you didn't mention the money owe me on the other property, which is a totally separate agreement. Well, you did admit to owing me. Your excuse for not paying is court costs, which are not eligible to be deducted from jv profits, and a totally different set of contracts to a property you just said you sold, but reclaimed... Interesting.

I'll conclude by saying this, people will form their own opinions across these platforms, once all the facts are presented. Pay the people you owe. If you did, you wouldn't be responding to such post. Or, having to pay lawyers and prepare for trials