All Forum Posts by: Kyle Hricko

Sorry my reply should've been Sheldon Alex

@Corey Woodruff

I just spoke with a couple Hard Money lenders listed here on BP under the Marketplace. Most of them require 20% down on Fix and Flips and will go down to 5 or 10% down once you prove you can flip for profit and pay them back. These particular lenders wanted a 660 credit score and also needed proof of reserves or assets. 

Like yourself, I am looking for 100% funding until I can build my own capital, If i cannot find a private lender I will start off trying to wholesale contracts to build capital.

Has anyone had any experience with Angel Oak financing? Their RE Perm loan is advertised as no money down as long as LTV is 65% or less of the ARV value, starts as a short term loan while the repairs take place and then goes out up to 30 years fixed afterwards. doesn't seem like a bad deal on the surface. Anyone have any experience with them? how about any other lenders listed under the Hard Money link of BP? Thanks!

Seminole county is hot for anything under $250,000. A couple friends of mine sold their houses in under 72 hours on the market for over their asking price. at first glance it looks as though rehab projects or foreclosures may be the only decent profit made in Seminole County. If you're a cash buyer though it's a whole new ballgame since cash is king.

Mark Ferguson Are you looking for a move in ready investment property in East Orlando? or are you looking for a foreclosure that possibly needs work? etc. I've lived in East Orlando for all 30 years of my life(just recently moved to NW Orlando)and have a good team built down here, MLOs, Realtors, Contractors, etc. Let me know if I can be of any help!

Daniel, Central Florida is #10 in the country right now for real estate investing. if you need mortgage info for this area I can get you in contact with a good friend of mine which is one of the best MLOs in town, I could also assist in finding that property for you. let me know if you need anything!

Good morning Vincent, I am also new to REI, however I'm born and raised in Orlando and know the area well, also have a great team of Realtors and an MLO down here as they will be helping me out get started in the Central FL market. Are you looking to finance the CFL properties or are you a cash buyer? Since you are out of state I may be able to assist you in find get properties down here! Let me know if I can help!

Hello BP! I am new to the site and new to REI! I have education and professional background in home loans, corporate finance and analysis, economics, and personal finance, but this is my first dive into REI and I am all in on this chapter of my career. I know I'm starting behind the 8 ball with needing private lenders to basically find me completely right off the bat, however i do have a great team already built around me. I have the following areas covered: Contractor and all subs Real Estate Attorney MLO Realtors (several top ones) Marketing Accounting and Finance As you can see I have all the puzzle pieces minus the up front cash. what I hope to find from family, friends, and possibly even on here is some good dependable people willing to forge a relationship and partnership in the REI business through private lending. I am a numbers guy and I work with margins all day every day at my current job as a business analyst, I'm just tired of working for other people! it's time for this single dad to work for himself and to create financial freedom for my 4 year old son and his future. Look forward to conversing and having a good productive time here on BP!

To all you private lenders, I am looking to put together a Real Estate Investment company and I've been dabbling with some different re-payment strategies for private lenders: I am a new real estate investor that will need private lenders for the time being until I get my company up and going. I am a numbers person with renovation experience however, educated in corporate business, finance and economics. I also have my team lined up, contractors, real estate attorney, MLO, realtors, etc. only missing puzzle piece are the private lenders. My question for all of you lenders out there is this, what types of repayment would interest you other than the traditional principle plus interest? I was thinking something creative that helps my investors well into the future, possibly a small percentage of profits in all of my company's sales regardless of whether or not you were a participating lender in that deal, what do you guys think? Thank you for all the input!